This site is a toolbox for property buyers and sellers in Iceland. Compare sale prices by price per square metre and location, calculate mortgage payments and explore the market. Please note this is a pilot project — we recommend verifying any information presented here before acting on it.
Find a property by location. Hover over a pin to see the price and price per m² — click for details and to explore the neighbourhood.
What is the HMS data? The Icelandic Housing and Construction Authority (HMS) maintains the official registry of all registered property purchase agreements in Iceland — open data, updated daily. The grey markers on the map show the median price per square metre and the number of registered sales in each area since 1 April 2026, according to this registry. These are actual agreed purchase prices from registered contracts — not asking prices or listings.
Estate agent commission is usually a percentage of the sale price, with VAT added on top. A small difference in the rate can amount to hundreds of thousands of krónur.
Always ask the agent whether the quoted commission includes VAT, and what is included (photography, advertising, documentation). Commission is negotiable.
Calculate the monthly payment on an annuity loan. Enter the interest rate your bank offers — rates change and differ between lenders.
This shows a non-indexed annuity loan with a fixed rate for the whole term. Indexed loans and variable-rate loans behave differently — their payments change with inflation and rate decisions. Always get a formal credit assessment from a lender. Note that Icelandic mortgages are commonly inflation-indexed, which has no direct equivalent in most other countries.
The purchase price is not the only cost. Stamp duty on the purchase agreement is 0.8% of the official property valuation for individuals, halved for first-time buyers, under the Stamp Duty Act no. 138/2013.
Additional costs include registration fees per the District Commissioners' fee schedule, lender fees and, where applicable, a property condition survey. See the fee schedule and the Stamp Duty Act (both in Icelandic).
An overview of the main steps when buying or selling residential property in Iceland.
Buyers in Iceland carry a strong duty of inspection — defects that were visible on a normal viewing are hard to claim against later.
An independent professional survey before purchase costs a fraction of the price but can reveal damp, plumbing issues, maintenance needs and other factors that directly affect the property's value.
For sellers, a pre-sale condition report can reduce the risk of disputes after handover.
Buyer: stamp duty (0.8% of the official valuation, halved for first-time buyers), registration fees, lender fees, condition survey, moving.
Seller: agent commission plus VAT, any costs of paying off existing loans, pre-sale repairs.
Both: time. Always ask for the total cost in writing before committing.
Fasteigna.is / market overview
Index with base year 2015 = 100. A higher number means a larger increase since the base year.