18 December 2020
2020- n° 330In Q3 2020, house prices went up by 0.7% quarter on quarter House price index - third quarter 2020
In Q3 2020, house prices in metropolitan France were higher than in the previous quarter: +0.7% with seasonnally adjusted (s.a.) data, after +1.3% in Q2 2020. Year on year, the increase in house prices was less pronounced this quarter (+5.0% after +5.4%).
Starting with this issue of “Informations Rapides”, the quarterly presentation of the house price indices includes seasonally adjusted series. The raw series remain available in the data file associated with this publication, and in the associated historical data.
In Q3 2020, house prices in metropolitan France were higher than in the previous quarter: +0.7% with seasonnally adjusted (s.a.) data, after +1.3% in Q2 2020. Year on year, the increase in house prices was less pronounced this quarter (+5.0% after +5.4%).
Year on year, the rise in house prices weakened
In Q3 2020, house prices were higher than in the previous quarter (+0.7%, s.a. data), but the increase was weaker than in the previous quarter (+1.3%). In detail, second-hand dwellings prices increased by 0.5% (after +1.5% in the previous quarter); new dwellings prices increased by 1.3% (after –0.5% in the previous quarter).
Year on year, house prices slowed down (+5.0% after +5.4% in the previous quarter). Second-hand dwellings prices grew much faster (+5.2% y-o-y) than new dwellings prices (+2.5%).
tableauHouse price index (Base 100: 2015)
| Weights 2020 (%) | Index 2020 Q2 (s.a.) (p) | Percentage change compared with the previous quarter (p) (s.a.) | Percentage change compared with the same quarter of the previous year (p) | |
|---|---|---|---|---|
| All dwellings | 100.0 | 116.8 | 0.7 | 5.0 |
| - new dwellings | 9.0 | 116.0 | 1.3 | 2.5 |
| - second-hand dwellings | 91.0 | 116.8 | 0.5 | 5.2 |
- (p) Provisional data, (s.a.) Seasonnally adjusted
- Scope: metropolitan France.
- Source: INSEE, SDES, ADSN – BIEN – Grand Paris notaries, French notaries, Perval society.
tableauNew and second-hand dwellings price index in metropolitan France
| New and second-hand dwellings | New dwellings | |
|---|---|---|
| 2000-Q1 | 48.3 | 51.8 |
| 2000-Q2 | 49.1 | 52.4 |
| 2000-Q3 | 50.1 | 53.1 |
| 2000-Q4 | 50.7 | 53.6 |
| 2001-Q1 | 51.8 | 54.0 |
| 2001-Q2 | 52.8 | 54.6 |
| 2001-Q3 | 53.6 | 55.0 |
| 2001-Q4 | 54.6 | 57.1 |
| 2002-Q1 | 55.6 | 57.6 |
| 2002-Q2 | 56.9 | 58.8 |
| 2002-Q3 | 58.5 | 59.8 |
| 2002-Q4 | 59.9 | 60.9 |
| 2003-Q1 | 61.5 | 62.2 |
| 2003-Q2 | 63.3 | 63.4 |
| 2003-Q3 | 65.2 | 64.9 |
| 2003-Q4 | 67.3 | 66.1 |
| 2004-Q1 | 69.9 | 67.8 |
| 2004-Q2 | 72.2 | 69.5 |
| 2004-Q3 | 74.8 | 71.2 |
| 2004-Q4 | 77.6 | 72.8 |
| 2005-Q1 | 80.4 | 76.0 |
| 2005-Q2 | 83.3 | 77.8 |
| 2005-Q3 | 86.2 | 79.9 |
| 2005-Q4 | 88.9 | 82.3 |
| 2006-Q1 | 91.5 | 83.7 |
| 2006-Q2 | 93.8 | 85.4 |
| 2006-Q3 | 95.6 | 86.5 |
| 2006-Q4 | 97.4 | 88.1 |
| 2007-Q1 | 98.9 | 89.2 |
| 2007-Q2 | 100.1 | 89.8 |
| 2007-Q3 | 101.1 | 91.4 |
| 2007-Q4 | 102.7 | 91.7 |
| 2008-Q1 | 102.9 | 91.6 |
| 2008-Q2 | 102.8 | 92.8 |
| 2008-Q3 | 101.7 | 92.1 |
| 2008-Q4 | 99.1 | 91.0 |
| 2009-Q1 | 96.3 | 91.5 |
| 2009-Q2 | 94.5 | 91.7 |
| 2009-Q3 | 94.7 | 92.1 |
| 2009-Q4 | 95.8 | 93.1 |
| 2010-Q1 | 97.5 | 93.1 |
| 2010-Q2 | 99.0 | 94.0 |
| 2010-Q3 | 100.5 | 94.8 |
| 2010-Q4 | 102.5 | 96.2 |
| 2011-Q1 | 104.2 | 98.3 |
| 2011-Q2 | 105.7 | 98.8 |
| 2011-Q3 | 106.5 | 99.5 |
| 2011-Q4 | 106.4 | 99.9 |
| 2012-Q1 | 106.0 | 99.3 |
| 2012-Q2 | 105.5 | 99.1 |
| 2012-Q3 | 104.8 | 98.0 |
| 2012-Q4 | 104.3 | 97.9 |
| 2013-Q1 | 103.9 | 97.5 |
| 2013-Q2 | 103.2 | 97.7 |
| 2013-Q3 | 102.8 | 99.0 |
| 2013-Q4 | 102.7 | 98.6 |
| 2014-Q1 | 102.2 | 98.4 |
| 2014-Q2 | 102.0 | 97.7 |
| 2014-Q3 | 101.4 | 98.6 |
| 2014-Q4 | 100.4 | 98.7 |
| 2015-Q1 | 100.1 | 99.5 |
| 2015-Q2 | 99.9 | 100.1 |
| 2015-Q3 | 99.9 | 100.2 |
| 2015-Q4 | 100.2 | 100.3 |
| 2016-Q1 | 100.3 | 100.3 |
| 2016-Q2 | 100.6 | 101.1 |
| 2016-Q3 | 101.3 | 102.4 |
| 2016-Q4 | 101.9 | 103.1 |
| 2017-Q1 | 103.0 | 104.8 |
| 2017-Q2 | 103.8 | 105.4 |
| 2017-Q3 | 104.6 | 105.8 |
| 2017-Q4 | 105.2 | 106.9 |
| 2018-Q1 | 106.0 | 107.5 |
| 2018-Q2 | 106.7 | 108.0 |
| 2018-Q3 | 107.6 | 108.2 |
| 2018-Q4 | 108.6 | 109.8 |
| 2019-Q1 | 109.1 | 109.9 |
| 2019-Q2 | 110.1 | 112.0 |
| 2019-Q3 | 111.2 | 113.2 |
| 2019-Q4 | 112.7 | 114.2 |
| 2020-Q1 | 114.5 | 115.0 |
| 2020-Q2 | 115.9 | 114.5 |
| 2020-Q3 | 116.8 | 116.0 |
graphiqueNew and second-hand dwellings price index in metropolitan France
- Scope: metropolitan France.
- Source: INSEE, SDES, ADSN – BIEN – Grand Paris notaries, French notaries, Perval society.
Revisions
The Q2 2020 indices were revised to include observations recorded after the previous publication. The year-on-year variation in new dwellings prices in Q2 2020 was unchanged (+2.3%). Second-hand dwellings prices was very slightly revised downwards (+5.7% instead of 5.8%). All in all, housing prices year-on-year variation in Q2 2020 was also very slightly revised downwards (+5.4%, instead of 5.5%).
For further information
Price index of second-hand dwellings published here is the Notaires-Insee index, not seasonally adjusted.
A methodological note is available on the web page of this index:
https://www.insee.fr/en/metadonnees/source/serie/s1028.
Historical data are available here: https://www.insee.fr/en/statistiques/series/105071770?INDICATEUR=2770594%2B2878205+2B2878202+ZONE_GEO=2320658
Next issue: 26 March 2021, 12:00pm.
Pour en savoir plus
Price index of second-hand dwellings published here is the Notaires-Insee index, not seasonally adjusted.
A methodological note is available on the web page of this index:
https://www.insee.fr/en/metadonnees/source/serie/s1028.
Historical data are available here: https://www.insee.fr/en/statistiques/series/105071770?INDICATEUR=2770594%2B2878205+2B2878202+ZONE_GEO=2320658
Next issue: 26 March 2021, 12:00pm.
