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.

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.

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 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

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.

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 Consumer Price Index: Services Less Housing for Iceland (ISLCPISXHMINMEI) from Nov 1992 to Jun 2018 about Iceland, services, CPI, housing, price index, indexes, and price.

Time series data for the statistic Nominal Residential Property Price Index Quarterly and country Iceland. Indicator Definition:Nominal Residential Property Price Index QuarterlyThe indicator "Nominal Residential Property Price Index Quarterly" stands at 366.71 as of 06/30/2025, the highest value at least since 06/30/1981, the period currently displayed. Regarding the One-Year-Change of the series, the current value constitutes an increase of 5.85 percent compared to the value the year prior.The 1 year change in percent is 5.85.The 3 year change in percent is 21.36.The 5 year change in percent is 67.96.The 10 year change in percent is 165.53.The Serie's long term average value is 96.88. It's latest available value, on 06/30/2025, is 278.50 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 03/31/1981, to it's latest available value, on 06/30/2025, is +16,550.29%.The Serie's change in percent from it's maximum value, on 06/30/2025, to it's latest available value, on 06/30/2025, is 0.0%.

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.

Graph and download economic data for Consumer Price Index: Housing for Iceland (ISLCPIHOUAINMEI) from 1993 to 2017 about Iceland, CPI, housing, price index, indexes, and price.

In 2025, Turkey had the highest inflation-adjusted house price index out of the ** European countries under observation, making it the country where house prices have increased the most since 2010. In Turkey, the house price index exceeded *** index points in the second quarter of 2025, showing an increase in real terms of *** percent since 2010, the baseline year for the index. Iceland and Hungary completed the top three, with an index value of *** and *** index points. In the past year, however, many European countries saw house prices decline in real terms. Where can I find other metrics on different housing markets in Europe? To assess the valuation in different housing markets, one can compare the house-price-to-income ratios of different countries worldwide. These ratios are calculated by dividing nominal house prices by nominal disposable income per head. There are also ratios that look at how residential property prices relate to domestic rents, such as the house-price-to-rent ratio for the United Kingdom. Unfortunately, these numbers are not available in a European overview. An overview of the price per square meter of an apartment in the EU-28 countries is available, however. One region, different markets An important trait of the European housing market is that there is not one market, but multiple. Property policy in Europe lies with the domestic governments, not with the European Union. This leads to significant differences between European countries, which shows in, for example, the homeownership rate (the share of owner-occupied dwellings of all homes). These differences also lead to another problem: the availability of data. Non-Europeans might be surprised to see that house price statistics vary in depth, as every country has their own methodology and no European body exists that tracks this data for the whole continent.

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

Data description

The House Price Index (HPI) measures inflation in the residential property market. The HPI captures price changes of all types of dwellings purchased by households (flats, detached houses, terraced houses, etc.). Only transacted dwellings are considered, self-build dwellings are excluded. The land component of the dwelling is included.

The HPI is available for all European Union Member States (except Greece), the United Kingdom (only until the third quarter of 2020), Iceland, Norway, Switzerland and Turkey. In addition to the individual country series, Eurostat produces indices for the euro area and for the European Union (EU). As from the first quarter of 2020 onwards, the EU HPI aggregate no longer includes the HPI from the United Kingdom.

The national HPIs are produced by National Statistical Offices (NSIs) and the European aggregates by Eurostat, by combining the national indices. The data released quarterly on Eurostat's website include the national and European price indices, weights and their rates of change.

In order to provide a more comprehensive picture of the housing market, house sales indicators are also provided. Available house sales indicators refer to the total number and value of dwellings transactions at national level where the purchaser is a household. Eurostat publishes in its database a quarterly and annual house sales index as well as quarterly and annual rates of change.

Statistical concepts and definitions

The HPI is based on market prices of dwellings. Non-marketed prices are ruled out from the scope of this indicator. Self-build dwellings, dwellings purchased by sitting tenants at discount prices or dwellings transacted between family members are out of the scope of the indicator. It covers all monetary dwelling transactions regardless of its type (e.g., carried out through a cash purchase or financed through a mortgage loan).

The HPI measures the price developments of all dwellings purchased by households, regardless of which institutional sector they were bought from and the purpose of the purchase. As such, a dwelling bought by a household for a purpose other than owner-occupancy (e.g., for being rented out) is within the scope of the indicator. The HPI includes all purchases of new and existing dwellings, including those of dwellings transacted between households.

The number and value of house sales cover the total annual value of dwellings transactions at national level where the purchaser is a household. Transactions between households are included. Transfers in dwellings due to donations and inheritances are excluded.

The house sales value reflect the prices paid by household buyers and include both the price of land and the price of the structure of the dwelling. The prices for new dwellings include VAT. Other costs related to the acquisition of the dwelling (e.g., notary fees, registration fees, real estate agency commission, bank fees) are excluded.

Statistical unit

Each published index or rate of change refers to transacted dwellings purchased at market prices by the household sector in the corresponding geographical entity. All transacted dwellings are covered, regardless of which institutional sector they were bought from and of the purchase purpose.

more: https://ec.europa.eu/eurostat/cache/metadata/en/prc_hpi_inx_esms.htm

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

Iceland IS: Rent Price Index: sa data was reported at 175.603 2015=100 in 2025. This records an increase from the previous number of 159.836 2015=100 for 2024. Iceland IS: Rent Price Index: sa data is updated yearly, averaging 73.506 2015=100 from Dec 1993 (Median) to 2025, with 33 observations. The data reached an all-time high of 175.603 2015=100 in 2025 and a record low of 22.726 2015=100 in 1994. Iceland IS: Rent Price Index: 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.

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.

Graph and download economic data for Consumer Price Index: OECD Groups: Services less housing: Total for Iceland (ISLCPGRLH01IXOBM) from Nov 1992 to Mar 2022 about Iceland, services, CPI, price index, indexes, and price.