Property Prices in Reykjavik, Iceland

Index Info
Price to Income Ratio: 6.68
Mortgage as Percentage of Income: 54.50%
Loan Affordability Index: 1.84
Price to Rent Ratio - City Centre: 15.03
Price to Rent Ratio - Outside of Centre: 13.31
Gross Rental Yield (City Centre): 6.65%
Gross Rental Yield (Outside of Centre): 7.51%
Rent Per Month
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Apartment (1 bedroom) in City Centre 200,600.00 kr 150,000.00-250,000.00
Apartment (1 bedroom) Outside of Centre 173,333.33 kr 130,000.00-224,000.00
Apartment (3 bedrooms) in City Centre 320,576.92 kr 250,000.00-450,000.00
Apartment (3 bedrooms) Outside of Centre 270,500.00 kr 230,000.00-350,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 58,040.69 kr 49,238.20-92,902.27
Price per Square Feet to Buy Apartment Outside of Centre 43,964.63 kr 37,160.91-55,741.36
Salaries And Financing
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Average Monthly Net Salary (After Tax) 411,069.61 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.36 3.50-7.00

These data are based on 265 entries in the past 18 months from 39 different contributors.
Last update: June 2021

Sources and References
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