Backup for home Faroe Islands

How to buy a house in the Faroe Islands?

The purchase of houses, summer cottages, apartments and building plots typically takes place via the websites of the real estate companies and privately practising lawyers. If you come to the Faroe Islands as a student and are looking for rented accommodation, you can first of all inquire at the upper secondary schools.

Is foreign property a good investment in Faroe Islands?

The real estate agents in the Faroe Islands have warned against foreign property investment in the small archipelago. Kára á Dunga is the CEO in the real estate agency Betri Heim. She says that there has been a huge growth in demand in recent years also during the pandemic.

Can I get a loan in the Faroe Islands?

In the Faroe Islands, you can be reimbursed by the public authorities for part of the interest on the loan for your residence. You can obtain more information from your loan provider or from the tax authority TAKS on whether you have the right to interest support, and how to apply for it.

Where can I rent a room in the Faroe Islands?

If you come to the Faroe Islands as a student and are looking for rented accommodation, you can first of all inquire at the upper secondary schools. Some schools have associated ‘school homes’ with rooms for rent for those students who live furthest away from the school.

Are foreign investors looking for a home in Faroese village?

Kára á Dunga is the CEO in the real estate agency Betri Heim. She says that there has been a huge growth in demand in recent years also during the pandemic. – Foreign investors appear keen to find themselves a house in a quaint Faroese village, Kára á Dunga says.

Where are the real estate agents in the Faroe Islands?

The real estate agents all located in the capital, Tórshavn, have kept a close eye on the trend. A cluster of cabins in the village Bøur on Vágar island. Photo by Yuriy Shevchenko known as @yuriyshevchenko on Instagram. The real estate agents in the Faroe Islands have warned against foreign property investment in the small archipelago.