Kopavogur
Capital region, Iceland
Sold price about 750,000 krona per square meter in central Kopavogur (HMS). An affluent suburb just south of Reykjavik, among the highest in Iceland.
Iceland property prices
Iceland property prices by city: Kopavogur, Reykjavik, Akureyri (2026)
Short answer. In 2025, the highest selling prices were in Kopavogur (about 5,223 EUR per square meter) and the lowest in Akureyri (about 2,855 EUR per square meter), a gap of about 83%. These are sold (transaction) prices for apartments in krona converted to euros. Source: Housing and Construction Authority (HMS) transaction data, converted from krona to euros at the live rate.
Updated 8 June 2026Official source named
Reykjavik
Iceland (capital)
Sold price about 618,000 krona per square meter, a citywide average (HMS). Central older flats run nearer 900,000, new builds above 1,000,000.
Selling price per sqm
EUR4,304 /sqm
up 5.3% over 12 months
Rising See homes in Reykjavik See the price dataAs of 2025
Akureyri
Northern Iceland
Sold price about 410,000 krona per square meter (HMS). The biggest town in the north, well below the capital region.
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Where these places are
Full data table
| City | Selling (EUR/sqm) | Sold (EUR/sqm) | Change, 12 months | Trend |
|---|---|---|---|---|
| Kopavogur | 5,223 | n/a | n/a | Stable |
| Reykjavik | 4,304 | n/a | +5.3% | Rising |
| Akureyri | 2,855 | n/a | n/a | Stable |
Source: Housing and Construction Authority (HMS) transaction data, converted from krona to euros at the live rate. https://hms.is
Official trend
Iceland's official transaction based House Price Index rose about 3.3% over the year to 2025-Q4, with the index at 266.4 (2015 = 100). This is the official trend behind the asking prices above. Source: Eurostat, House Price Index (prc_hpi_q), fetched 2026-06-08. https://ec.europa.eu/eurostat/databrowser/view/prc_hpi_q/default/table?lang=en
How we know these numbers
Iceland's official trend comes from the Housing and Construction Authority (HMS) and Statistics Iceland, and is also in Eurostat. The per square meter figures here are sold (transaction) prices for apartments, given in krona and converted to euros automatically at the live rate. Open city-level data is thin, so this page covers the three cities with clear figures. The Reykjavik figure is a citywide average; central Reykjavik runs much higher.
These are sold (transaction) prices for apartments from HMS, in krona and converted to euros automatically. Iceland is one of the most expensive markets in Europe in euro terms. Open city-level data is thin, so only the three best-covered cities are shown. The official trend comes from HMS, Statistics Iceland and Eurostat.
Frequently asked questions
How expensive is property in Iceland?
Very, in euro terms. Central Kopavogur runs about 750,000 krona per square meter and central Reykjavik even higher, which is around 5,000 euros and up once converted.
Why only three cities?
Iceland is small and open city-level price data is thin. We only show cities with a clear sourced figure, rather than guess for the smaller towns.
Sources
- Housing and Construction Authority (HMS) transaction data, converted from krona to euros at the live rate (sold (transaction) prices): https://hms.is
- Housing and Construction Authority (HMS), Iceland (official, transaction based, national index): https://hms.is
- Eurostat House Price Index (Iceland, country level) (official, transaction based, country level only): https://ec.europa.eu/eurostat/databrowser/view/prc_hpi_q/default/table?lang=en
- Kopavogur photo: Reykholt / Wikimedia Commons / CC BY-SA 4.0 (source)
- Reykjavik photo: Ypsilon from Finland / Wikimedia Commons / public domain (source)
- Akureyri photo: Pjt56 / Wikimedia Commons / CC BY-SA 4.0 (source)