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IP04010 House prices and number of sold houses (1985-2023)

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Simona Nielsen
4/2/2024
number and DKK
A
3/31/2025
1/1/2000
No
Betri Banki, Kredittdeildin
IP04010_HUS_SOLUR
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Betri Banki records prices on the Faroese housing market quarterly. The figures for trading of dwellings are obtained from The Land Register, where all tradings are registered.
The prices are processed in order to illustrate the cost of ordinary dwellings. The numbers are 'sieved' so to speak. Thus these dwellings are omitted:
- Building grounds
- Apartments
- Houses on building grounds less than 250 square metres
- Houses on building grounds greater than 1,000 square metres as the boulding ground probably represents a large part of the total amount
- House tradings considered not representing market conditions, e.g. extra favorable prices between family members
- Houses that are sold extraordinarily expensive
- Houses traded on forced sales
Consequently the figures should represent the prices of average dwelling houses obtained in free trade

place

Tórshavn: Tórshavn, Hoyvík and Argir.
Larger villages and cities: Klaksvík, Runavík, Glyvrar, Fuglafjørður, Gøta, Kollafjørður, Vágur, Tvøroyri, Froðba, Trongisvágur, Miðvágur and Vestmanna.
Smaller villages: All villages not listed above.