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House prices continue to fall
In the first quarter of 2024, house prices in metropolitan France fell by 1.4% quarter-on-quarter (provisional seasonally adjusted data), compared with a fall of -1.7% in the fourth quarter of 2023. This is the fifth consecutive quarter of decline. Second-hand housing prices fell faster (-1.6% quarter-on-quarter and -1.8% in the fourth quarter) than new housing prices (-0.3% and -0.5% in the fourth quarter).
House prices continued to decline year-on-year
House prices fell year-on-year (-4.8%, -3.6% in Q4 2023). The decline was driven by prices for second-hand homes (-5.2%, -3.9% in Q4 2023). New home prices also fell in one year: -1.2%, -0.9% in Q4 2023.
GraphicsHouse price index (base 100: 2015)
| 2024 Weight (%) | Index for the first quarter of 2024 (SA data) (p) | Percentage change compared to the previous quarter (p) (SA data) | Percentage change compared to the same period last year (p) | |
|---|---|---|---|---|
| All residential | 100.0 | 127.0 | -1.4 | -4.8 |
| – New Residences | 9.6 | 128.8 | -0.3 | -1.2 |
| – Second-hand housing | 90.4 | 126.8 | -1.6 | -5.2 |
- (p) Provisional data, (SA data) seasonally adjusted
- Scope: Mainland France.
- Source: INSEE, SDES, French Notaries – ADSN Group, Greater Paris Notaries – PNS
GraphicsFrench new and second-hand housing price index
| New and second-hand houses | New Residences | |
|---|---|---|
| Q1 2024 | 127.0 | 128.8 |
| Fourth quarter of 2023 | 128.9 | 129.2 |
| Q3 2023 | 131.0 | 129.8 |
| Second quarter of 2023 | 132.4 | 130.2 |
| Q1 2023 | 133.3 | 130.4 |
| Fourth quarter of 2022 | 133.5 | 130.1 |
| Q3 2022 | 133.3 | 130.4 |
| Second quarter of 2022 | 131.5 | 127.8 |
| Q1 2022 | 129.4 | 123.9 |
| Fourth quarter of 2021 | 127.5 | 123.8 |
| Third quarter of 2021 | 125.2 | 122.1 |
| Second quarter of 2021 | 123.1 | 120.2 |
| Q1 2021 | 121.0 | 118.8 |
| Fourth quarter of 2020 | 119.3 | 117.1 |
| Third quarter of 2020 | 116.9 | 116.6 |
| Second quarter of 2020 | 116.0 | 114.5 |
| Q1 2020 | 114.6 | 115.1 |
| Fourth quarter of 2019 | 112.7 | 114.1 |
| Third quarter of 2019 | 111.5 | 112.8 |
| Second quarter of 2019 | 110.3 | 111.9 |
| Q1 2019 | 109.2 | 110.3 |
| Fourth quarter of 2018 | 108.5 | 109.4 |
| Third quarter of 2018 | 107.8 | 108.3 |
| Second quarter of 2018 | 106.8 | 108.0 |
| First Quarter 2018 | 106.2 | 107.4 |
| Fourth quarter of 2017 | 105.3 | 106.9 |
| Third quarter of 2017 | 104.8 | 105.9 |
| Second quarter of 2017 | 103.9 | 105.4 |
| First Quarter 2017 | 103.2 | 104.7 |
| Fourth quarter of 2016 | 101.8 | 103.1 |
| Third quarter of 2016 | 101.5 | 102.8 |
| Second quarter of 2016 | 100.6 | 101.1 |
| First quarter of 2016 | 100.4 | 100.4 |
| Fourth quarter of 2015 | 100.2 | 100.3 |
| Third quarter of 2015 | 100.0 | 100.4 |
| Second quarter of 2015 | 99.9 | 100.0 |
| First quarter of 2015 | 100.0 | 99.2 |
| Fourth quarter of 2014 | 100.3 | 98.8 |
| Third quarter of 2014 | 101.3 | 98.5 |
| Second quarter of 2014 | 101.9 | 97.7 |
| First quarter of 2014 | 102.1 | 98.4 |
| Fourth quarter of 2013 | 102.5 | 98.6 |
| Third quarter of 2013 | 102.6 | 98.6 |
| Second quarter of 2013 | 103.1 | 97.7 |
| First quarter of 2013 | 103.7 | 97.8 |
| Fourth quarter of 2012 | 104.1 | 97.5 |
| Third quarter of 2012 | 104.7 | 98.1 |
| Second quarter of 2012 | 105.4 | 99.1 |
| First quarter of 2012 | 105.8 | 99.4 |
| Fourth quarter of 2011 | 106.1 | 100.0 |
| Third quarter of 2011 | 106.2 | 99.8 |
| Second quarter of 2011 | 105.4 | 98.8 |
| First quarter of 2011 | 103.8 | 98.0 |
| Fourth quarter of 2010 | 102.0 | 96.5 |
| Third quarter of 2010 | 100.0 | 94.8 |
| Second quarter of 2010 | 98.6 | 94.0 |
| First quarter of 2010 | 97.1 | 93.1 |
| Fourth quarter of 2009 | 95.6 | 93.0 |
| Third quarter of 2009 | 94.6 | 92.2 |
| Second quarter of 2009 | 94.4 | 91.6 |
| First quarter of 2009 | 96.1 | 91.3 |
| Fourth quarter of 2008 | 98.7 | 91.1 |
| Third quarter of 2008 | 101.3 | 92.0 |
| Second quarter of 2008 | 102.4 | 92.8 |
| First quarter of 2008 | 102.5 | 91.8 |
| Fourth quarter of 2007 | 102.0 | 91.3 |
| Third quarter of 2007 | 100.7 | 91.5 |
| Second quarter of 2007 | 99.5 | 89.8 |
| First quarter of 2007 | 98.4 | 89.2 |
| Fourth quarter of 2006 | 97.3 | 88.1 |
| Third quarter of 2006 | 95.5 | 86.6 |
| Second quarter of 2006 | 93.6 | 85.4 |
| First quarter of 2006 | 91.4 | 83.6 |
| Fourth quarter of 2005 | 88.9 | 82.3 |
| Third quarter of 2005 | 86.3 | 80.1 |
| Second quarter of 2005 | 83.4 | 77.8 |
| First quarter of 2005 | 80.5 | 75.7 |
| Fourth quarter of 2004 | 77.6 | 73.1 |
| Third quarter of 2004 | 74.8 | 71.3 |
| Second quarter of 2004 | 72.2 | 69.5 |
| First quarter of 2004 | 69.9 | 67.8 |
| Fourth quarter of 2003 | 67.3 | 66.2 |
| Third quarter of 2003 | 65.2 | 64.9 |
| Second quarter of 2003 | 63.4 | 63.4 |
| First quarter of 2003 | 61.6 | 62.2 |
| Fourth quarter of 2002 | 60.0 | 60.8 |
| Third quarter of 2002 | 58.5 | 59.6 |
| Second quarter of 2002 | 57.0 | 58.8 |
| First quarter of 2002 | 55.6 | 57.7 |
| 2001 – Fourth quarter | 54.8 | 56.8 |
| Third quarter of 2001 | 53.7 | 55.1 |
| Second quarter of 2001 | 52.9 | 54.6 |
| First quarter of 2001 | 51.9 | 53.9 |
| 2000 – Fourth quarter | 50.9 | 53.6 |
| Third quarter of 2000 | 50.2 | 53.2 |
| 2000 – Second quarter | 49.2 | 52.4 |
| First quarter of 2000 | 48.4 | 51.8 |
- Note: Data for the previous quarter are provisional.
chartFrench new and second-hand housing price index
- Note: Data for the previous quarter are provisional.
- Scope: Mainland France.
- Source: INSEE, SDES, French Notaries – ADSN Group, Greater Paris Notaries – PNS.
Revision
In metropolitan France, the quarterly change (seasonally adjusted) in the new and second-hand housing price index remained unchanged in the fourth quarter of 2023 (-1.7% after rounding).
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