Europe · ISK
Iceland property market
House prices in Iceland rose 3.2% in the year to Q1 2026, based on BIS data. After inflation, prices lost 1.9% over the same period. Rents changed +8.5% year on year. Over five years the nominal index is +59.4%.
Last updated 28 July 2026
Key metrics
We are still compiling indicator data for Iceland.
Market analysis
Our market analysis briefing for Iceland is being written by our research desk. In the meantime, the indicators above cover the numbers this section will explain.
Last updated 28 July 2026
Taxes & costs
Our taxes & costs briefing for Iceland is being written by our research desk. In the meantime, the indicators above cover the numbers this section will explain.
Last updated 28 July 2026
Buying guide
Our buying guide briefing for Iceland is being written by our research desk. In the meantime, the indicators above cover the numbers this section will explain.
Last updated 28 July 2026
Rental law
Our rental law briefing for Iceland is being written by our research desk. In the meantime, the indicators above cover the numbers this section will explain.
Last updated 28 July 2026
Economy
Our economy briefing for Iceland is being written by our research desk. In the meantime, the indicators above cover the numbers this section will explain.
Last updated 28 July 2026
Sources & methodology
Indicators are compiled from official statistics offices, central banks and international organisations.
Read our full methodology or compare Iceland with other markets.
Iceland property FAQs
What is the average rental yield in Iceland?
We do not yet publish a gross rental yield for Iceland.
Are house prices rising in Iceland?
Nominal house prices in Iceland changed +3.2% over the last year.
What does it cost to buy property in Iceland?
Transaction costs vary by region in Iceland; see the taxes and costs section for details.
What are typical mortgage rates in Iceland?
We do not yet publish a representative mortgage rate for Iceland; see the finance metrics above for the indicators we track.
Can foreigners buy property in Iceland?
Foreign-buyer rules in Iceland are covered in our buying guide section above, alongside transaction costs, taxes and the registration process.
Where does this Iceland property data come from?
Figures for Iceland are compiled from official statistics offices, central banks and international organisations, and were last updated 28 July 2026.
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