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Iceland · Housing

Prices, rents, affordability, mortgages and construction.

12 indicators · 8 with data

Prices

Real house prices

index (2015 = 100)

6th of 55 · 6th in Europe & C. Asia
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Real house pricesIceland's real house prices rose from 134.4 in 2018 to 169.2 in 2026.20182020202220242026130140150160170180169.2

Iceland's real house prices rose from 134.4 in 2018 to 169.2 in 2026.

Nominal house price index

index (2015 = 100)

6th of 55 · 6th in Europe & C. Asia
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Nominal house price indexIceland's nominal house price index rose from 144.8 in 2018 to 266.3 in 2026.20182020202220242026100150200250300266.3

Iceland's nominal house price index rose from 144.8 in 2018 to 266.3 in 2026.

Real house price growth (year on year)

annual %

46th of 55 · 30th in Europe & C. Asia
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Real house price growth (year on year)Iceland's real house price growth (year on year) fell from 3.5 % in 2018 to -2.0 % in 2026.20182020202220242026-10%-5%0%5%10%15%-2.0 %

Iceland's real house price growth (year on year) fell from 3.5 % in 2018 to -2.0 % in 2026.

Rent price index

index (2015 = 100)

4th of 40 · 4th in Europe & C. Asia
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Rent price indexIceland's rent price index rose from 114.5 in 2018 to 181.3 in 2025.20182019202020212022202320242025100120140160180200181.3

Iceland's rent price index rose from 114.5 in 2018 to 181.3 in 2025.

Affordability

House price-to-income ratio

index (2015 = 100)

35th of 39 · 28th in Europe & C. Asia*
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House price-to-income ratioIceland's house price-to-income ratio rose from 98.6 in 2012 to 118.5 in 2019.20122013201420152016201720182019100110120118.5

Iceland's house price-to-income ratio rose from 98.6 in 2012 to 118.5 in 2019.

House price-to-rent ratio

index (2015 = 100)

12th of 39 · 11th in Europe & C. Asia
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House price-to-rent ratioIceland's house price-to-rent ratio rose from 125.1 in 2018 to 146.8 in 2025.20182019202020212022202320242025120140160146.8

Iceland's house price-to-rent ratio rose from 125.1 in 2018 to 146.8 in 2025.

Housing cost overburden rate

% of population

30th of 35 · 29th in Europe & C. Asia*
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Housing cost overburden rateIceland's housing cost overburden rate rose from 10.3 % in 2004 to 13.1 % in 2020.20052010201520200%5%10%15%20%13.1 %

Iceland's housing cost overburden rate rose from 10.3 % in 2004 to 13.1 % in 2020.

Tenure

Homeownership rate

% of households

13th of 36 · 12th in Europe & C. Asia*
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Homeownership rateIceland's homeownership rate fell from 85.3 % in 2004 to 81.7 % in 2020.200520102015202070%75%80%85%90%81.7 %

Iceland's homeownership rate fell from 85.3 % in 2004 to 81.7 % in 2020.

›No data available (4)

These indicators exist in the registry but no source reports a value for Iceland.

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