Much cheaper to own a house – but much more expensive to rent

This past year it has become much cheaper for those who own their own home. However, it has become much more expensive for those who rent a house.

This is indicated by a simulation by Statistics Iceland.

The simulation shows that interest expenses have fallen significantly over the past year, in addition to the fact that the price of oil has also fallen significantly.

Over the past year, interest rates have fallen by almost 19 percent and at the same time the price of oil has fallen by just under 10 percent.

On the other hand, the price of rent has risen by 10 percent over the past year, says Statistics Iceland.

This means that when everything is taken into account, it has become slightly five percent cheaper to have a roof over your head this past year.

As we wrote earlier, the price of food has risen by five percent over the past year.

As we wrote earlier, the price of food has risen.

Statistics Iceland’s simulation shows that prices for tobacco and alcohol have also increased by five percent. Over the past year, however, it has become seven percent more expensive to eat in restaurants and stay in hotels.