Property Prices in Reykjavik, Iceland
| Index |  |
|---|---|
| Price to Income Ratio: | 8.20 |
| Mortgage as Percentage of Income: | 91.48% |
| Loan Affordability Index: | 1.09 |
| Price to Rent Ratio - City Centre: | 16.66 |
| Price to Rent Ratio - Outside of Centre: | 15.82 |
| Gross Rental Yield (City Centre): | 6.00% |
| Gross Rental Yield (Outside of Centre): | 6.32% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 281,800.00 kr | |
| Apartment (1 bedroom) Outside of Centre | 254,782.61 kr | |
| Apartment (3 bedrooms) in City Centre | 395,541.67 kr | |
| Apartment (3 bedrooms) Outside of Centre | 341,272.73 kr | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 85,750.79 kr | |
| Price per Square Feet to Buy Apartment Outside of Centre | 72,276.16 kr | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 518,469.12 kr | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 9.46 |
These data are based on 254 entries in the past 18 months from 37 different contributors.
Last update: February 2025
Sources and References
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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
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 ItalianoPrezzi delle proprietà immobiliari a Reykjavik
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 FrançaisPrix de l'immobilier à Reykjavik
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 EspañolPrecios de Inmuebles en Reikiavik
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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