Residential property price index, 1970=100% (nominal, local currency) rose 19.5% to 425% in Iceland in 2017, according to Eurostat.
Historically, residential property price index, 1970=100% (nominal, local currency) in Iceland reached an all time high of 425% in 2017 and an all time low of 89.4% in 1985. When compared to Iceland's main peers, residential property price index, 1970=100% (nominal, local currency) in Denmark amounted to 1,609%, 3,531% in Norway, 2,137% in Sweden and 5,266% in United Kingdom in 2017.
Iceland has been ranked 16th within the group of 18 countries we follow in terms of residential property price index, 1970=100% (nominal, local currency), 1 place above the position seen 10 years ago.
| Residential Property Price Index, 1970=100% (Nominal, Local Currency) | Unit | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| Belgium | % | 1,237% | 1,264% | 1,279% | 1,272% | 1,293% | ||||||||||||||||
| Denmark | % | 1,262% | 1,279% | 1,324% | 1,381% | 1,478% | ||||||||||||||||
| Finland | % | 1,449% | 1,484% | 1,501% | 1,496% | 1,496% | ||||||||||||||||
| France | % | 1,693% | 1,684% | 1,648% | 1,619% | 1,589% | ||||||||||||||||
| Germany | % | 241% | 251% | 264% | 277% | 297% | ||||||||||||||||
| Iceland | % | 244% | 261% | 276% | 299% | 324% | ||||||||||||||||
| Ireland | % | 2,810% | 2,678% | 2,830% | 3,348% | 3,591% | ||||||||||||||||
| Netherlands | % | 990% | 922% | 881% | 900% | 938% | ||||||||||||||||
| Norway | % | 2,542% | 2,737% | 2,872% | 2,872% | 3,033% | ||||||||||||||||
| Russia | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| Sweden | % | 1,392% | 1,445% | 1,546% | 1,707% | 1,949% | ||||||||||||||||
| United Kingdom | % | 3,922% | 3,962% | 4,136% | 4,489% | 4,779% |
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