This chart shows the trend in average house prices in the Faroe Islands compared to cumulative inflation indexed to 100.

• Yellow line: Nominal house prices (not adjusted for inflation)
• Red line: Cumulative inflation (indexed to 100, base year: 1985)

Red shaded areas: Highlight important economic events:

• Recession of 1990s
• Dot-com crash of 2000
• Great Financial Crisis of 2009
• COVID-19 pandemic of 2020