Property Market Data for Faroe Islands

Selected Cities in Faroe Islands

Property Index Value
House Price to Income Ratio 7.80
133
Mortgage as % of Income 57.99
133
Loan Affordability Index 1.72
40
Price to Rent Ratio City Centre 16.23
109
Price to Rent Ratio Outside Centre 15.48
115
Gross Rental Yield City Centre 6.16
72
Gross Rental Yield Outside Centre 6.46
62

Macro Data Value
GDP Per Capita ($) 30500.00
GDP Growth Rate 2.90
Population Growth Rate -0.15

Median Income Value Range
Net monthly disposable income 14166.67 12000.00 - 14000.00
Annual mortgage interest rate % 4.25 4.00 - 5.00

Rental Per Month Value Range
Apartment (1 bed) in City Centre 7833.33 5500.00 - 6000.00
Apartment (1 bed) Outside Centre 6333.33 4000.00 - 5000.00
Apartment (3 bed) in City Centre 11000.00 8000.00 - 9000.00
Apartment (3 bed) Outside Centre 8833.33 6500.00 - 7000.00
Price to Rent Ratio City Centre 16.23 16.23 - 16.23
Price to Rent Ratio Outside Centre 15.48 15.48 - 15.48
Gross Rental Yield City Centre 6.16 6.16 - 6.16
Gross Rental Yield Outside Centre 6.46 6.46 - 6.46

Price Per Sq.ft. Value Range
City Centre Apartment Prices 2322.56 1858.05 - 2787.07
Outside Centre Apartment Prices 1785.77 1207.73 - 2322.56