Property Prices in Reykjavik, Iceland
| Index |  |
|---|---|
| Price to Income Ratio: | 8.44 |
| Mortgage as Percentage of Income: | 92.60% |
| Loan Affordability Index: | 1.08 |
| Price to Rent Ratio - City Centre: | 17.35 |
| Price to Rent Ratio - Outside of Centre: | 16.50 |
| Gross Rental Yield (City Centre): | 5.76% |
| Gross Rental Yield (Outside of Centre): | 6.06% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| 1 Bedroom Apartment in City Centre | 291,428.57 kr | |
| 1 Bedroom Apartment Outside of City Centre | 255,000.00 kr | |
| 3 Bedroom Apartment in City Centre | 404,684.21 kr | |
| 3 Bedroom Apartment Outside of City Centre | 333,368.42 kr | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 91,973.24 kr | |
| Price per Square Feet to Buy Apartment Outside of Centre | 74,788.93 kr | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 531,536.74 kr | |
| Annual Mortgage Interest Rate (20-Year Fixed, in %) | 9.22 |
These data are based on 201 entries from 32 contributors over the past 18 months.
Last update: 11 December 2025
Sources and References
Nearby Cities:| Property Prices in Hafnarfjörður (Hafnarfjorour) | 6.29 miles |
| Property Prices in Akranes | 29.20 miles |
| Property Prices in Grindavik | 31.33 miles |
| Property Prices in Grundarfjordur | 108.80 miles |
| Property Prices in Kirkjubaejarklaustur | 159.08 miles |
| Property Prices in Hofsos | 210.99 miles |
This Page in Other Languages:
 DeutschImmobilienpreise in Reykjavik
|
 PortuguêsPreços de Imóveis em Reykjavík
|
 ItalianoPrezzi degli immobili a Reykjavik
|
 FrançaisPrix de l'immobilier à Reykjavik
|
 EspañolPrecios de las propiedades en Reikiavik
|
There is one thing I would like to mention regarding cost of buying homes. That's the rate of interests and methods of lending.
In Iceland, where I live, it is common that people actually pay up to four times the naming price of a property due to high interest rate and long mortgage. 40 years is common