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For first-time homebuyers in Iceland
Buying your first home?
Start here.
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Updated regularly
Central Bank of Iceland
Inflation5.4%
Policy Rate7.5%
Next rate decision: May 20, 2026
All the tools for first-time buyers
We've gathered everything you need to make an informed decision about the biggest investment of your life.
223,000+ sales analyzed
Real Market Data
Explore sale prices and trends based on actual data from property registries — not estimates.
The Buying Process
From your first viewing to getting the keys — this is the journey.
Pro tip
Use your pension savings
First-time buyers can withdraw up to 500.000 ISK per year from pension savings tax-free for up to 10 years — or up to 5 million total.
You must own at least 30%
Registered ownership of at least 30% of the property is required.
Apply as soon as you're approved
It takes 4-6 weeks to receive payment — start the process early.
Couples can double up
If both parties qualify, they can withdraw a combined 1 million per year.
Financing Example
Purchase price50.000.000 kr.
Bank loan (85%)42.500.000 kr.
Ready to get started?
Enter an address and get a property analysis, comparable sales, and a full neighborhood overview — all in one place.