Property Prices in Faroe Islands
| Index |  |
|---|---|
| Price to Income Ratio: | 8.75 |
| Mortgage as Percentage of Income: | 58.76% |
| Loan Affordability Index: | 1.70 |
| Price to Rent Ratio - City Centre: | 17.47 |
| Price to Rent Ratio - Outside of Centre: | 22.72 |
| Gross Rental Yield (City Centre): | 5.72% |
| Gross Rental Yield (Outside of Centre): | 4.40% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 6,460.16 kr | |
| Apartment (1 bedroom) Outside of Centre | 5,200.00 kr | |
| Apartment (3 bedrooms) in City Centre | 12,000.00 kr | |
| Apartment (3 bedrooms) Outside of Centre | 8,909.80 kr | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 2,320.40 kr | |
| Price per Square Feet to Buy Apartment Outside of Centre | 2,343.18 kr | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 14,335.98 kr | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 3.10 |
These data are based on 50 entries in the past 18 months from 10 different contributors.
Last update: November 2024
Our data for each country are based on all entries from all cities in that country.
Sources and References
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