Gross rental yields in Iceland: Reykjavik

  Last Updated: Oct. 27, 2022
REYKJAVÍK - Apartments COST (€) YIELD (p.a.)
Reykjavík (all locations)  
Studio €299,325 €1,047 4.20%
1-Bedroom €410,961 €1,744 5.09%
2-Bedroom €519,108 €1,883 4.35%
3+Bedroom €529,574 €2,233 5.06%
Reykjavík avg. Rental Yields 4.68%
ICELAND - Apartments COST (€) YIELD (p.a.)
Iceland (all locations)  
Studio €245,626 €1,395 6.82%
1-Bedroom €387,090 €1,849 5.73%
2-Bedroom €491,956 €1,884 4.60%
3+Bedroom €499,628 €2,023 4.86%
Iceland avg. Rental Yields 5.50%
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower.
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

Gross rental yields in Reykjavík range from 4.20% to 5.09% with a city average of 4.68%. Which are slightly lower compared to the rest of the country.

Icelands overall rental yields fall between 4.60% to 6.82% with an average of 5.50%. With smaller apartments having a better yield potential.

Round trip transaction costs are very low for buyers of residential property. See our Iceland residential property transaction costs analysis and our Residential property transaction costs in Iceland compared to other countries