Iceland property market

National residential property prices rose 3.2% in the year to 2026-Q1. Additional local coverage appears below where an official source qualifies.

Most recent period: 2026-Q1
Year over year: +3.2%
History: 91 quarters
Since 2015-Q1: +171.2%

Market scorecard

What the official series say about Iceland

Directional signals, not an investment rating. Open any measure to inspect its period, source and complete history.

House-price momentum+3.2% in a yearHouse prices rose over the latest year.After inflation−1.7% in a yearConsumer-price inflation outpaced house prices.Rent momentum+8.5% in a yearResidential rents rose over the latest year.Price versus rent146.8 · 2015 = 100House prices have risen more than rents since the 2015 reference.

Official national series

Residential property price index

Nominal index, 2010 = 100 · quarterly · through 2026-Q1

Most recent source index: 372.1
Year over year: +3.2%
Since 2015-Q1: +171.2%

Iceland — nominal residential property price indexLatest Mar 2026: 372.1

Source: Bank for International Settlements, selected residential property prices. BIS chooses the series closest to nationwide coverage for cross-country comparison; national compilation methods still vary. This is an index of price movement, not a currency price level or a city-specific estimate.

Official valuation signals

Prices, inflation, rents and affordability

OECD analytical house price indicators · 2015 = 100

House price index: 271.3; +3.3% over four quarters; Through 2026-Q2
Real house price index: 171.7; −1.7% over four quarters; Through 2026-Q2
Rent price index: 181.3; +8.5% over four quarters; Through 2025-Q4
Price-to-rent index: 146.8; −4.8% over four quarters; Through 2025-Q4
Price-to-income index: 118.5; +0.1% over four quarters; Through 2019-Q4

Iceland — nominal house price indexLatest Jun 2026: 271.3

Source: OECD analytical house price indicators. Index levels measure cumulative movement from the 2015 base and are not currency prices. Real house prices remove consumer-price inflation. Price-to-rent and price-to-income are relative signals, not gross yields or affordability guarantees.

Observations

Recent BIS quarterly history

Index levels show change from the 2010 base; they are not property prices.

Recent residential property price observations for Iceland
Quarter	Nominal index	Year over year	Period end
2026-Q1	372.1	+3.2%	Mar 31, 2026
2025-Q4	372.2	+3.6%	Dec 31, 2025
2025-Q3	368.1	+2.8%	Sep 30, 2025
2025-Q2	366.7	+5.8%	Jun 30, 2025
2025-Q1	360.6	+7.0%	Mar 31, 2025
2024-Q4	359.1	+8.7%	Dec 31, 2024
2024-Q3	358.0	+11.9%	Sep 30, 2024
2024-Q2	346.5	+6.3%	Jun 30, 2024
2024-Q1	337.0	+7.0%	Mar 31, 2024
2023-Q4	330.4	+4.2%	Dec 31, 2023
2023-Q3	319.9	+2.3%	Sep 30, 2023
2023-Q2	326.0	+7.9%	Jun 30, 2023

Source and interpretation

Comparable national coverage, with limits

BIS supplies a cross-country national residential property price benchmark. OECD also adds rent and price-to-rent indices, all normalized to 2015 = 100.

National compilation methods and dwelling coverage still vary. These indices cannot answer what a home costs in a specific city or how much listing inventory is available.

View Bank for International Settlements View Organisation for Economic Co-operation and Development Read GPM methodology

Coverage status

National price index: Published
Official city benchmark: Not yet available
Rent and valuation indices: Published
Official local markets: 0
Primary published scope: National

Source snapshot ingested Aug 10, 2026. Coverage expands only after additional official datasets pass publication review.

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