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.

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.

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.

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.

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

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

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]

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.

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

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.

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.

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 high base rate environment in the years since, which has 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. Still, revenue is forecast to edge upwards at a compound annual rate of 0.6% over the five years through 2025 to €622.9 billion, including an anticipated rise of 0.8% in 2025. Despite weak revenue growth, profitability remains strong, with the average industry profit margin standing at an estimated 18.9% in 2025. 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 rise, 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 haven't been suitable due to their lack of green credentials. Nevertheless, things are looking up, as interest rates have been falling across Europe over the two years through 2025, reducing borrowing costs and boosting the number of property transactions, which is aiding revenue growth for estate agents. Revenue is slated to grow at a compound annual rate of 4.5% over the five years through 2030 to €777.6 billion. Economic conditions are set to improve in the short term, which will boost consumer and business confidence, ramping up the number of property transactions in both the residential and commercial real estate markets. However, estate agents may look to adjust their offerings to align with the data centre boom to soak up the demand from this market, while also adhering to sustainability commitments.

View monthly updates and historical trends for Iceland Inflation Rate: Housing and Utilities. Source: Eurostat. Track economic data with YCharts analytics.

Key information about Iceland Nominal Residential Property Price Index

• Iceland Nominal Residential Property Price Index was reported at 366.706 2010=100 in Jun 2025.
• This records an increase from the previous number of 360.567 2010=100 for Mar 2025.
• Iceland Nominal Residential Property Price Index data is updated quarterly, averaging 113.402 2010=100 from Mar 2000 to Jun 2025, with 102 observations.
• The data reached an all-time high of 366.706 2010=100 in Jun 2025 and a record low of 45.815 2010=100 in Mar 2000.
• Iceland Nominal 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 Nominal Residential Property Price Index: 2010=100: Quarterly.

Key information about Iceland Real Residential Property Price Index Growth

• Iceland Real Residential Property Price Index Growth was reported at 1.740 % in Jun 2025.
• This records a decrease from the previous number of 2.684 % for Mar 2025.
• Iceland Real Residential Property Price Index Growth data is updated quarterly, averaging 2.176 % from Mar 2000 to Jun 2025, with 102 observations.
• The data reached an all-time high of 28.328 % in Sep 2005 and a record low of -24.072 % in Mar 2009.
• Iceland Real Residential Property Price Index Growth 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: YoY %.

Key information about Iceland Nominal Residential Property Price Index Growth

• Iceland Nominal Residential Property Price Index Growth was reported at 5.845 % in Jun 2025.
• This records a decrease from the previous number of 7.002 % for Mar 2025.
• Iceland Nominal Residential Property Price Index Growth data is updated quarterly, averaging 6.579 % from Mar 2000 to Jun 2025, with 102 observations.
• The data reached an all-time high of 33.427 % in Sep 2005 and a record low of -11.327 % in Sep 2009.
• Iceland Nominal Residential Property Price Index Growth 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 Nominal Residential Property Price Index: 2010=100: Quarterly: YoY %.

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

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.