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Iceland House Price Index since 2000

Iceland

Source: Statistics Iceland

House prices in Iceland.

Statistics Iceland publishes a monthly house price index for Iceland by type of dwelling and area. This time-series is based on actual property transaction prices. The data stretches back to March 2000.

House prices in Iceland, % change 1 yr

Nominal and inflation-adjusted ('real')

Iceland

Quarterly change in house prices, inflation-adjusted

 Q1Q2Q3Q4
20240.04%
2023-3.37%0.89%-2.55%1.83%
20222.76%5.1%1.95%-0.3%
20211.46%3.91%2.65%1.85%
20201.47%0.05%0.94%1.54%
20190.39%-0.54%0.77%1.58%
20182%0.06%1.25%-0.29%
20174.55%5.78%3.22%-1.11%
20161.48%1.13%5.4%4.04%
20153.19%-0.01%1.14%2.43%
20140.83%1.38%2.05%0.87%
2013-2.04%2.67%1.37%2.34%
2012-2.27%1.78%0.81%0.09%
2011-0.49%0.5%0.71%1.95%
2010-5.31%2.08%-0.63%0.19%
2009-8.26%-3.38%-3.14%-0.65%
2008-2.16%-6.48%-3.45%-6.79%
20071.61%3.03%3.56%0.32%
20062.12%-0.3%-0.75%-0.31%
20058.39%9.78%3.76%2.56%
2004-0.16%3.67%2.31%3.16%
20032.36%2.57%4.43%-0.34%
2002-0.02%-0.07%2.91%1.7%
2001-0.51%-1.81%-0.94%-0.38%
20003.59%0.49%0.54%

This table shows the change in house prices during a single quarter, adjusted for inflation.

Adjusting house price rises (or declines) for inflation produces a more accurate picture of the change in value of housing than the usual nominal figures cited in the newspapers.


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