Graph and download economic data for Real Residential Property Prices for Reykjavik, Iceland (QISR628BIS) from Q1 1981 to Q4 2024 about Reykjavik, Iceland, residential, HPI, housing, real, price index, indexes, and price.

Housing Index in Iceland increased to 791.63 points in April from 786.99 points in March of 2025. This dataset provides - Iceland House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about House Prices Growth

• Iceland house prices grew 7.9% YoY in Feb 2025, following an increase of 8.2% YoY in the previous month.
• YoY growth data is updated monthly, available from Mar 2001 to Feb 2025, with an average growth rate of 7.8%.
• House price data reached an all-time high of 33.4% in Sep 2005 and a record low of -13.2% in Jul 2009.

House Price Index YoY in Iceland decreased to 9.20 percent in the fourth quarter of 2024 from 11.20 percent in the third quarter of 2024. This dataset includes a chart with historical data for Iceland House Price Index YoY.

The house price index in Iceland has increased from the first quarter of 2016, when it was at 104.94 index points. In the first quarter of 2024, it had more than doubled with 239.87 index points.

House price index in Iceland, December, 2024 The most recent value is 359.15 index points as of Q4 2024, an increase compared to the previous value of 357.96 index points. Historically, the average for Iceland from Q1 1990 to Q4 2024 is 114.82 index points. The minimum of 28.46 index points was recorded in Q1 1990, while the maximum of 359.15 index points was reached in Q4 2024. | TheGlobalEconomy.com

Graph and download economic data for Residential Property Prices for Reykjavik, Iceland (QISN368BIS) from Q1 1982 to Q4 2024 about Reykjavik, Iceland, residential, housing, and price.

Real residential property prices Y-on-Y, percent change in Iceland, December, 2024 The most recent value is 3.67 percent as of Q4 2024, a decline compared to the previous value of 5.65 percent. Historically, the average for Iceland from Q1 1990 to Q4 2024 is 3.23 percent. The minimum of -24.07 percent was recorded in Q1 2009, while the maximum of 28.33 percent was reached in Q3 2005. | TheGlobalEconomy.com

Residential Property Prices in Iceland increased 8.71 percent in December of 2024 over the same month in the previous year. This dataset includes a chart with historical data for Iceland Residential Property Prices.

Iceland IS: House Price Index: Real: sa data was reported at 176.751 2015=100 in 2024. This records an increase from the previous number of 172.184 2015=100 for 2023. Iceland IS: House Price Index: Real: sa data is updated yearly, averaging 109.407 2015=100 from Dec 2001 (Median) to 2024, with 24 observations. The data reached an all-time high of 176.751 2015=100 in 2024 and a record low of 73.544 2015=100 in 2002. Iceland IS: House Price Index: Real: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Iceland – Table IS.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Annual. Nominal house prices deflated using the private consumption deflator from the national account statistics. More information on the nominal house prices are available on the nominal house price indicators selection.

Price to Rent Ratio in Iceland decreased to 153.90 in the first quarter of 2025 from 154.47 in the fourth quarter of 2024. This dataset includes a chart with historical data for Iceland Price to Rent Ratio.

In 2024, Turkey was the country with the highest increase in house prices since 2010 in Europe. In the fourth quarter of the year, the nominal house price index in Turkey reached ******** index points. House prices in Turkey have soared since 2021, fueled by hyperinflation in the country. According to the index, which amounted to *** in 2010, house prices in Turkey increased by almost ***** percent (** times) since 2010, the baseline year when the index value was set to ***. Iceland had the second-highest increase, at ****** index points (*** percent). It is important to note that the nominal index does not account for the effects of inflation, meaning that price growth in real terms was slower.

Iceland IS: Price to Rent Ratio: sa data was reported at 156.593 2015=100 in 2024. This records a decrease from the previous number of 158.845 2015=100 for 2023. Iceland IS: Price to Rent Ratio: sa data is updated yearly, averaging 115.706 2015=100 from Dec 2001 (Median) to 2024, with 24 observations. The data reached an all-time high of 159.508 2015=100 in 2022 and a record low of 94.217 2015=100 in 2013. Iceland IS: Price to Rent Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Iceland – Table IS.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Annual. Nominal house prices divided by rent price indices

Companies operating in the third-party real estate industry have had to navigate numerous economic headwinds in recent years, ranging from rising interest rates, spiralling inflation and muted economic growth. Revenue is projected to sink at a compound annual rate of 3.7% over the five years through 2024, including an estimated slump of 2.1% in 2024 to €196.2 billion, while the average industry profit margin is forecast to reach 34.6%. Amid spiralling inflation, central banks across Europe ratcheted up interest rates, resulting in borrowing costs skyrocketing in the two years through 2023. In residential markets, elevated mortgage rates combined with tightening credit conditions eventually ate into demand, inciting a drop in house prices. Rental markets performed well when house prices were elevated, being the cheaper alternative for cash-strapped buyers. However, even lessors felt the pinch of rising mortgage rates, forcing them to hoist rent to cover costs and pricing out potential buyers. This led to a slowdown in rental markets in 2023, weighing on revenue growth. Revenue is forecast to swell at a compound annual rate of 4% over the five years through 2029 to €238.7 billion. Following a correction during 2024, housing prices are set to being recovering in 2025 as fixed-rate mortgages begin to drop and economic uncertainty subsides, aiding revenue growth in the short term. Over the coming years, Proptech, which has been heavily invested in, will force estate agents to adapt, shaking up the traditional real estate industry. A notable application of Proptech is the use of AI and data analytics to predict a home’s future value.

The Direct Real Estate Activities industry have come up against numerous headwinds in recent years, ranging from the COVID-19 outbreak in 2020 to the rising base rate environment in the years since, which have inflated borrowing costs for potential buyers. This is a sharp contrast to the ultra-low interest environment seen over the decade following the 2008 financial crisis. Revenue is forecast to fall at a compound annual rate of 4.0% over the five years through 2024 to €588.2 billion, including an anticipated drop of 3.1% in 2024. However, profitability remains strong, with the average industry profit margin standing at an estimated 41.6% in 2024. Central banks across Europe adopted aggressive monetary policy in the two years through 2023 in an effort to curb spiralling inflation. This ratcheted up borrowing costs and hit the real estate sector. In the residential property market, mortgage rates picked up and hit housing transaction levels. However, the level of mortgage rate hikes has varied across Europe, with the UK experiencing the largest hike, meaning the dent to UK real estate demand was more pronounced. Commercial real estate has also struggled due to inflationary pressures, supply chain disruptions and rising rates. Alongside this, the market’s stock of office space isn’t able to satisfy business demand, with companies placing a greater emphasis on high-quality space and environmental impact – properties in many areas aren’t suitable due to their lack of green credentials. Revenue is slated to inch upwards at a compound annual rate of 3.1% over the five years through 2029 to €651.3 billion. Although economic conditions are set to improve in the short term, elevated mortgage rates will continue to weigh on demand for residential property. However, the warehousing market is positioned for solid growth, benefitting from the rise in e-commerce. This is particularly relevant to Poland, which leads the EU warehouse market.

Iceland Housing Price Index: Real Prices data was reported at 228.440 Jan1994=100 in May 2020. This records an increase from the previous number of 227.770 Jan1994=100 for Apr 2020. Iceland Housing Price Index: Real Prices data is updated monthly, averaging 168.800 Jan1994=100 from Jan 2002 (Median) to May 2020, with 221 observations. The data reached an all-time high of 230.020 Jan1994=100 in Jan 2020 and a record low of 117.480 Jan1994=100 in Apr 2002. Iceland Housing Price Index: Real Prices data remains active status in CEIC and is reported by Central Bank of Iceland. The data is categorized under Global Database’s Iceland – Table IS.EB003: House Price Index: January 1994 =100.

In 2024, Turkey, Iceland, Portugal, and Hungary had the highest house price to rent ratio index in Europe. The four countries ranked the highest, with house price to rent indices exceeding 160 index points. The house price to rent ratio is an indicator of the affordability of owning housing over renting across European countries, with 2015 used as a base year. The higher the ratio, the more the gap between house prices and rental rates has widened since 2015 when the index amounted to 100. In terms of house price to income ratio, the top three countries were Portugal, Luxembourg, and Hungary Homeownership in Europe Homeownership varies widely across European countries. In some, such as Austria, Germany and Switzerland, homeownership is relatively low with less than two thirds of people occupying a dwelling owned by a member of the household. In other countries (Iceland, the Netherlands, Norway, and Sweden) more than half of people were owner-occupiers with a mortgage. A third group of countries with a high homeownership rate without a housing loan includes many Eastern and South European countries, among which were Serbia, Romania, North Macedonia, Italy, and Bulgaria. Dwellings as a non-financial asset Dwellings, along with structures, land, and intellectual property, are classed as non-financial assets and form an important part of household wealth. Through sale, refinancing or renting, they can serve as an additional source of income. In 2022, France, Germany, and Norway were the European countries with the highest value of dwellings per capita as a non-financial asset with values between 83,000 and 91,000 euros per capita.

Housing Price Index data was reported at 791.626 Mar2000=100 in Apr 2025. This records an increase from the previous number of 786.990 Mar2000=100 for Mar 2025. Housing Price Index data is updated monthly, averaging 250.763 Mar2000=100 from Mar 2000 (Median) to Apr 2025, with 302 observations. The data reached an all-time high of 791.626 Mar2000=100 in Apr 2025 and a record low of 100.000 Mar2000=100 in Mar 2000. Housing Price Index data remains active status in CEIC and is reported by Statistics Iceland. The data is categorized under Global Database’s Iceland – Table IS.EB002: House Price Index: March 2000=100.

Graph and download economic data for Consumer Price Index: OECD Groups: Housing: Total for Iceland (ISLCPGRHO01GPM) from Dec 1992 to Dec 2023 about Iceland, CPI, price index, indexes, and price.

Key information about Iceland Gold Production

• Iceland Real Residential Property Price Index was reported at 205.337 2010=100 in Sep 2024.
• This records an increase from the previous number of 200.642 2010=100 for Jun 2024.
• Iceland Real Residential Property Price Index data is updated quarterly, averaging 123.410 2010=100 from Mar 2000 to Sep 2024, with 99 observations.
• The data reached an all-time high of 205.337 2010=100 in Sep 2024 and a record low of 85.065 2010=100 in Mar 2000.
• Iceland Real Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly. [COVID-19-IMPACT]