Graph and download economic data for Real Residential Property Prices for Reykjavik, Iceland (QISR628BIS) from Q1 1981 to Q2 2025 about Reykjavik, Iceland, residential, HPI, housing, real, price index, indexes, and price.

Housing Index in Iceland increased to 803.72 points in October from 803.39 points in September 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.

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 YoY in Iceland decreased to 6.30 percent in the second quarter of 2025 from 7.70 percent in the first quarter of 2025. This dataset includes a chart with historical data for Iceland House Price Index YoY.

Residential Property Prices in Iceland increased 5.85 percent in June of 2025 over the same month in the previous year. This dataset includes a chart with historical data for Iceland Residential Property Prices.

Real residential property prices Y-on-Y, percent change in Iceland, June, 2025 The most recent value is 1.74 percent as of Q2 2025, a decline compared to the previous value of 2.68 percent. Historically, the average for Iceland from Q1 1990 to Q2 2025 is 3.22 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

View quarterly updates and historical trends for Iceland House Price Index. Source: Eurostat. Track economic data with YCharts analytics.

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

House price index in Iceland, June, 2025 The most recent value is 366.71 index points as of Q2 2025, an increase compared to the previous value of 360.57 index points. Historically, the average for Iceland from Q1 1990 to Q2 2025 is 118.32 index points. The minimum of 28.46 index points was recorded in Q1 1990, while the maximum of 366.71 index points was reached in Q2 2025. | TheGlobalEconomy.com

Price to Rent Ratio in Iceland decreased to 147.64 in the third quarter of 2025 from 151.02 in the second quarter of 2025. This dataset includes a chart with historical data for Iceland Price to Rent Ratio.

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. 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. 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.

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]

Purpose and brief description The house price index measures the inflation in the residential property market. The house price index reflects price developments for all residential properties purchased by households (apartments, terraced houses, detached houses), regardless of whether they are new or existing. Only market prices are taken into account, so self-build homes are excluded. The price of the land is included in the price of the properties. Population Real estate transactions involving residential properties Periodicity Quarterly. Release calendar Results available 3 months after the reference period Definitions House price index: The house price index measures changes in the prices of new or existing dwellings, regardless of their use or previous owner. Inflation - house price index: Inflation is defined as the ratio between the value of a given quarter and that of the same quarter of the previous year. Weighting - house price index: Weighting based on the national accounts (gross fixed capital formation in housing) and the total number of real estate transactions involving residential properties. Type of dwelling according to the classification set out in Regulation (EU) No 93/2013 on housing price indices. Technical information The house price index measures the price evolution of real estate prices on the market of private property. The index follows price changes of new or existing residential real estate purchased by households, irrespective of their purpose (letting or owner-occupying). Only market prices are taken into account. Houses built by their owners are therefore not included. The price of the building plot is included in the house price. The house price index is based on real estate transaction data from the General Administration of the Patrimonial Documentation of the FPS Finances. The prices used are those included in the deeds of sale. Given the time between the date on which the preliminary sales agreement is signed and the date on which the deed is executed (between three and four months), this index measures the price evolution with a delay compared to the actual date on which the sales price is set. This delay is inherent to the data source. The house price index is calculated by the European Union Member States, Norway and Iceland. Eurostat calculates the index for the Euro area (as well as for the European Union as a whole) using the harmonised indices of the Member States. Given the role of the housing market in the economic and financial crisis of 2008, the house price index was included in the indicators used in the procedure to prevent and correct macroeconomic imbalances in the European Union. The house price index is calculated under the European Regulation 2016/792 on harmonised indices of consumer prices and the house price index and 2023/1470 laying down the methodological and technical specifications as regards the house price index and the owner-occupied housing price index. Data are available from 2005 onward for Belgium as well as for the European Union and the majority of European countries. The house price index can be broken down by new houses and existing houses. The weights of these two items in the overall index are determined by the gross fixed capital formation in houses (for the new houses) and the total value of transactions of the previous year (for the existing houses). Until 2013, the house price index of new houses was roughly estimated based on the output price index in the construction sector. Since 2014, it is also based on real estate transaction data. House price index for existing houses is available per region since 2010. The data have therefore been completely reviewed when the results for the fourth quarter of 2023 were published in March 2024. Since the houses that are put up for sale differ from one quarter to another, the changes in characteristics are processed with hedonic regression models to eliminate price fluctuations due to changes in characteristics of the properties sold. These models aim to estimate the theoretical price based on the characteristics and location of the houses sold. The index is then calculated based on changes in the average prices observed and adjusted by a factor depending on the differences in quality observed between dwellings sold during the different periods.

Graph and download economic data for Harmonized Index of Consumer Prices: Actual Rentals for Housing for Iceland (CP0410ISM086NEST) from Jan 1996 to Oct 2025 about Iceland, rent, harmonized, CPI, housing, price index, indexes, and price.

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.

The Scandinavian real estate market, encompassing countries like Sweden, Norway, Denmark, Finland, and Iceland, exhibits robust growth potential, fueled by a combination of factors. A consistently strong CAGR exceeding 5% indicates a healthy and expanding market. Key drivers include increasing urbanization, a growing population, particularly in major cities like Oslo, Stockholm, and Copenhagen, and a sustained demand for both residential and commercial properties. Furthermore, government policies supporting sustainable development and infrastructure projects contribute to the market's positive trajectory. The market is segmented into villas and landed houses, which often command higher prices due to limited supply and desirable locations, and apartments and condominiums, catering to a broader range of buyers and representing a larger portion of the market. The dominance of established players like Riksbyggen, OBOS BBL, and Balder highlights the market's maturity, yet the presence of smaller, more agile companies signifies ongoing competition and innovation. While data on exact market size is unavailable, a conservative estimation placing the 2025 market value at approximately €150 Billion ( based on general European real estate market values and applying the provided CAGR) seems plausible. Further growth is expected, driven by continued economic stability and ongoing investment in the region's infrastructure. Looking forward, the Scandinavian real estate market is expected to face some challenges, including rising interest rates impacting affordability, and potential fluctuations in the global economy. However, the strong underlying fundamentals of population growth, limited land availability in desirable urban areas, and continued investment in infrastructure suggest resilience and continued expansion. The market's diversity, with a mix of large established companies and smaller players, ensures a competitive landscape and capacity for adaptation. Trends toward sustainable construction and smart homes will likely play an increasingly significant role in shaping the future of the market, with companies prioritizing environmentally friendly practices and technologically advanced properties. Segmentation within the market will continue to be relevant, with the demand for specific property types varying across regions and based on changing demographic needs. Key drivers for this market are: 4., Increasing manufacturing sites4.; The increasing middle-income group and access to mortgage finance. Potential restraints include: 4., Rising cost of construction materials.. Notable trends are: Growing Housing Market in Norway to Drive the Market.

Graph and download economic data for Harmonized Index of Consumer Prices: Services Related to Housing for Iceland (SERVHOISM086NEST) from Jan 1996 to Sep 2025 about Iceland, harmonized, CPI, services, housing, price index, indexes, and price.

In the first quarter of 2025, Portugal, Croatia, and the Netherlands had the highest house price to rent ratio index in Europe. The three countries ranked the highest, with house price to rent indices exceeding *** 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, the Netherlands, and Switzerland. Homeownership in Europe Homeownership varies widely across European countries. In some, such as Austria, Germany, and Switzerland, homeownership is relatively low, with less than ********** of people occupying a dwelling owned by a member of the household. In other countries (Iceland, the Netherlands, Norway, and Sweden), more than **** 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 classified 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 ****** and ****** euros per capita.

Graph and download economic data for Harmonized Index of Consumer Prices: Tools and Equipment for House and Garden for Iceland (CP0550ISM086NEST) from Jan 1996 to Oct 2025 about tool, garden, Iceland, harmonized, equipment, CPI, housing, price index, indexes, and price.