The cost of housing in Iceland is near the EU average according to new numbers from Statistics Iceland. In 2013 the median individual in Iceland spent 16,8% of his disposable income on housing costs.
This ratio has remained approximately the same since 2006. There have however been substantial changes for people depending on their tenure status. The housing cost burden rose for tenants but fell for owner occupiers.
Real estate prices have been picking up in Iceland, especially in the capital area where they are now on par with prices in 2009.
Housing costs in Europe are steepest in Greece (31,0%), Holland (26,7%) and Denmark (25,5%).
The cost of housing in Iceland is near the EU average according to new numbers from Statistics Iceland. In 2013 the median individual in Iceland spent 16,8% of his disposable income on housing costs.
This ratio has remained approximately the same since 2006. There have however been substantial changes for people depending on their tenure status. The housing cost burden rose for tenants but fell for owner occupiers.
Real estate prices have been picking up in Iceland, especially in the capital area where they are now on par with prices in 2009.
Housing costs in Europe are steepest in Greece (31,0%), Holland (26,7%) and Denmark (25,5%).
