Property Prices in Iceland

Index Info
Price to Income Ratio: 6.46
Mortgage as Percentage of Income: 65.63%
Loan Affordability Index: 1.52
Price to Rent Ratio - City Centre: 16.15
Price to Rent Ratio - Outside of Centre: 14.78
Gross Rental Yield (City Centre): 6.19%
Gross Rental Yield (Outside of Centre): 6.76%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 262,676.47 kr 200,000.00-340,000.00
Apartment (1 bedroom) Outside of Centre 235,882.35 kr 175,000.00-300,000.00
Apartment (3 bedrooms) in City Centre 371,187.50 kr 290,000.00-475,000.00
Apartment (3 bedrooms) Outside of Centre 330,454.55 kr 270,000.00-400,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 77,674.37 kr 65,031.59-92,902.27
Price per Square Feet to Buy Apartment Outside of Centre 63,629.45 kr 47,658.86-82,683.02
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 588,701.03 kr
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 8.16 4.00-11.00

These data are based on 400 entries in the past 18 months from 82 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
This page in other languages: