Informations Rapides ·
31 May 2022 · n° 140
In Q1 2022, prices of second-hand dwellings increased again, in particular in province Notaries-INSEE second-hand dwellings price index - first quarter 2022
In Q1 2022, the rise in prices of second-hand dwellings in France (excluding Mayotte) continued: +1.5% compared to Q4 2021 (provisional seasonally adjusted results), after +1.6% in Q4 2021 and +2.1% in Q3 2021.
Over a year, the rise in prices continued: +7.3%, after +7,1% and +7.5%. Since the fourth quarter of 2020, this increase has been larger for houses (+9.2% over the year) than for flats (+4.7%).
In Q1 2022, the rise in prices of second-hand dwellings in France (excluding Mayotte) continued: +1.5% compared to Q4 2021 (provisional seasonally adjusted results), after +1.6% in Q4 2021 and +2.1% in Q3 2021.
Over a year, the rise in prices continued: +7.3%, after +7,1% and +7.5%. Since the fourth quarter of 2020, this increase has been larger for houses (+9.2% over the year) than for flats (+4.7%).
tableauVariation in prices of second-hand dwellings in France over a year
| France - flats | France | France - houses | |
|---|---|---|---|
| 2022-Q1 | 4.7 | 7.3 | 9.2 |
| 2021-Q4 | 4.6 | 7.1 | 9.0 |
| 2021-Q3 | 5.3 | 7.5 | 9.0 |
| 2021-Q2 | 4.9 | 6.3 | 7.3 |
| 2021-Q1 | 5.1 | 6.0 | 6.6 |
| 2020-Q4 | 6.4 | 6.4 | 6.5 |
| 2020-Q3 | 6.6 | 5.2 | 4.3 |
| 2020-Q2 | 7.0 | 5.6 | 4.7 |
| 2020-Q1 | 6.4 | 4.9 | 3.9 |
| 2019-Q4 | 5.3 | 3.7 | 2.6 |
| 2019-Q3 | 4.0 | 3.2 | 2.5 |
| 2019-Q2 | 4.3 | 3.1 | 2.3 |
| 2019-Q1 | 3.8 | 3.0 | 2.5 |
| 2018-Q4 | 3.4 | 3.2 | 3.1 |
| 2018-Q3 | 3.4 | 2.9 | 2.6 |
| 2018-Q2 | 3.3 | 2.8 | 2.5 |
| 2018-Q1 | 3.8 | 2.9 | 2.3 |
| 2017-Q4 | 4.3 | 3.3 | 2.5 |
| 2017-Q3 | 4.5 | 3.2 | 2.4 |
| 2017-Q2 | 3.7 | 3.1 | 2.6 |
| 2017-Q1 | 3.0 | 2.5 | 2.1 |
| 2016-Q4 | 1.6 | 1.5 | 1.4 |
| 2016-Q3 | 1.0 | 1.3 | 1.5 |
| 2016-Q2 | 0.5 | 0.6 | 0.7 |
| 2016-Q1 | -0.4 | 0.3 | 0.9 |
| 2015-Q4 | -1.1 | -0.4 | 0.2 |
| 2015-Q3 | -2.0 | -1.8 | -1.6 |
| 2015-Q2 | -3.0 | -2.6 | -2.4 |
| 2015-Q1 | -2.8 | -2.4 | -2.1 |
| 2014-Q4 | -2.4 | -2.5 | -2.6 |
| 2014-Q3 | -2.0 | -1.4 | -1.0 |
| 2014-Q2 | -1.3 | -1.4 | -1.4 |
| 2014-Q1 | -1.4 | -1.9 | -2.2 |
| 2013-Q4 | -1.8 | -1.9 | -2.0 |
| 2013-Q3 | -1.7 | -2.3 | -2.8 |
| 2013-Q2 | -1.9 | -2.2 | -2.5 |
| 2013-Q1 | -1.5 | -2.0 | -2.4 |
| 2012-Q4 | -1.4 | -2.1 | -2.6 |
| 2012-Q3 | -0.8 | -1.7 | -2.3 |
| 2012-Q2 | 1.0 | -0.3 | -1.2 |
| 2012-Q1 | 3.8 | 1.8 | 0.4 |
| 2011-Q4 | 6.2 | 3.7 | 1.8 |
| 2011-Q3 | 8.8 | 6.2 | 4.2 |
| 2011-Q2 | 10.0 | 7.1 | 4.9 |
| 2011-Q1 | 9.5 | 7.1 | 5.3 |
graphiqueVariation in prices of second-hand dwellings in France over a year
- Scope: France (excluding Mayotte).
- Sources: INSEE, ADSN-BIEN-Grand Paris notaries, French notaries, Perval society.
tableauVariation in prices of second-hand dwellings in France
| change in | ||||||
|---|---|---|---|---|---|---|
| 3 months (S.A.) | 12 months | |||||
| 2021 Q3 (d) | 2021 Q4 (d) | 2022 Q1 (p) | 2021 Q3 (d) | 2021 Q4 (d) | 2022 Q1 (p) | |
| France | 2.1 | 1.6 | 1.5 | 7.5 | 7.1 | 7.3 |
| Flats | 1.5 | 0.7 | 1.0 | 5.3 | 4.6 | 4.7 |
| Houses | 2.5 | 2.3 | 1.9 | 9.0 | 9.0 | 9.2 |
- (p): provisional; (d): definitive.
- Scope: France (excluding Mayotte).
- Sources: INSEE, ADSN – BIEN – Grand Paris notaries, French notaries, Perval society.
In Île-de-France, prices of houses increased much faster that prices of flats
In Q1 2022, prices of second-hand dwellings in Île-de-France increased anew: +0.7% compared to Q4 2021, after -0,1% in Q4 2021 and +1.4% in Q3 2021.
Over a year, prices also increased: +2,5% between Q1 2021 and Q1 2022, after +2.3% in Q4 2021 and +4.0% in Q3 2021. The increase was much stronger for house prices (+5.7% over a year, after +6.6% in Q4 2021 and +7.0% in Q3 2021) than it was for flats (+0.9% over a year, after +0.3% and +2,6%). This greater dynamism in house prices in Île-de-France has been observed since the fourth quarter of 2020.
In Paris, prices of flats slightly decreased again in Q1 2022 : –0,6% between Q4 2021 and Q1 2022, after –0.9% in Q4 2021 and +0.7% in Q3 2021. Over a year, prices of Parisian flats decreased (–1,2%).
In provincial France, the rise in prices of second-hand dwellings kept going
In Q1 2022, prices of second-hand dwellings in provincial France increased again: +1.8%, after +2.3% in Q4 2021 and +2.4% in Q3 2021.
Over a year, prices accelerated again: +9.3% between Q1 2021 and Q1 2022, after +9.0% and +8.9%. As has been the case since the beginning of 2021, the rise in prices of houses (+10.0% y-o-y in Q1 2022) was stronger than the rise in prices of flats (+7,8%), which had not happened in 2019 and 2020.
tableauSecond-hand dwellings price index in metropolitan France
| Province - flats | Province - houses | Île-de-France - flats | Île-de-France - houses | |
|---|---|---|---|---|
| 2022-Q1 | 130.0 | 131.4 | 128.5 | 124.4 |
| 2021-Q4 | 128.2 | 128.8 | 128.0 | 123.0 |
| 2021-Q3 | 125.6 | 125.8 | 129.4 | 120.6 |
| 2021-Q2 | 123.3 | 122.5 | 127.9 | 118.5 |
| 2021-Q1 | 120.5 | 119.5 | 127.3 | 117.8 |
| 2020-Q4 | 118.7 | 117.8 | 127.6 | 115.4 |
| 2020-Q3 | 116.6 | 114.7 | 126.1 | 112.6 |
| 2020-Q2 | 115.3 | 113.9 | 125.1 | 111.9 |
| 2020-Q1 | 113.4 | 112.3 | 122.9 | 109.9 |
| 2019-Q4 | 111.3 | 110.8 | 120.5 | 108.1 |
| 2019-Q3 | 109.4 | 110.1 | 118.3 | 107.9 |
| 2019-Q2 | 108.2 | 108.8 | 116.7 | 106.7 |
| 2019-Q1 | 107.0 | 107.9 | 115.1 | 106.4 |
| 2018-Q4 | 106.1 | 107.6 | 113.7 | 107.2 |
| 2018-Q3 | 105.8 | 107.0 | 112.7 | 106.2 |
| 2018-Q2 | 104.3 | 106.1 | 111.0 | 105.8 |
| 2018-Q1 | 104.0 | 105.3 | 109.7 | 105.0 |
| 2017-Q4 | 103.3 | 104.2 | 108.8 | 104.4 |
| 2017-Q3 | 103.1 | 104.0 | 108.0 | 103.8 |
| 2017-Q2 | 102.3 | 103.3 | 106.1 | 103.1 |
| 2017-Q1 | 101.6 | 103.0 | 104.5 | 102.5 |
| 2016-Q4 | 100.2 | 101.7 | 103.0 | 101.6 |
| 2016-Q3 | 99.6 | 101.6 | 102.2 | 101.3 |
| 2016-Q2 | 99.5 | 100.6 | 101.4 | 100.9 |
| 2016-Q1 | 99.6 | 100.9 | 100.4 | 100.5 |
| 2015-Q4 | 99.8 | 100.4 | 100.1 | 99.9 |
| 2015-Q3 | 99.9 | 100.0 | 99.9 | 100.0 |
| 2015-Q2 | 99.9 | 99.9 | 99.8 | 99.7 |
| 2015-Q1 | 100.6 | 100.0 | 100.3 | 100.0 |
| 2014-Q4 | 100.9 | 100.2 | 101.2 | 100.3 |
| 2014-Q3 | 102.2 | 101.7 | 101.5 | 101.6 |
| 2014-Q2 | 103.2 | 102.4 | 102.6 | 101.6 |
| 2014-Q1 | 103.6 | 102.2 | 103.0 | 102.2 |
| 2013-Q4 | 104.0 | 102.8 | 102.9 | 103.3 |
| 2013-Q3 | 104.1 | 102.7 | 103.5 | 103.4 |
| 2013-Q2 | 104.3 | 103.6 | 104.2 | 104.5 |
| 2013-Q1 | 105.0 | 104.4 | 104.6 | 104.9 |
| 2012-Q4 | 105.8 | 104.9 | 104.7 | 105.2 |
| 2012-Q3 | 106.1 | 105.9 | 105.2 | 105.0 |
| 2012-Q2 | 107.2 | 106.5 | 105.2 | 106.2 |
| 2012-Q1 | 107.8 | 107.1 | 105.1 | 106.9 |
| 2011-Q4 | 108.0 | 107.7 | 105.5 | 107.1 |
| 2011-Q3 | 108.0 | 108.4 | 105.0 | 107.0 |
| 2011-Q2 | 107.2 | 108.1 | 103.4 | 105.7 |
| 2011-Q1 | 106.1 | 107.2 | 99.2 | 103.8 |
| 2010-Q4 | 105.4 | 106.4 | 95.6 | 102.0 |
| 2010-Q3 | 103.9 | 104.7 | 92.0 | 100.0 |
| 2010-Q2 | 102.4 | 103.6 | 89.4 | 98.8 |
| 2010-Q1 | 101.0 | 102.4 | 86.8 | 97.2 |
| 2009-Q4 | 99.3 | 100.9 | 84.1 | 93.8 |
| 2009-Q3 | 98.3 | 99.9 | 82.7 | 93.2 |
| 2009-Q2 | 98.0 | 100.0 | 82.3 | 92.8 |
| 2009-Q1 | 99.5 | 101.9 | 84.7 | 95.8 |
| 2008-Q4 | 102.3 | 105.2 | 87.6 | 101.0 |
| 2008-Q3 | 104.8 | 108.9 | 89.0 | 104.4 |
| 2008-Q2 | 106.4 | 110.3 | 89.2 | 105.9 |
| 2008-Q1 | 106.7 | 111.3 | 88.4 | 105.9 |
| 2007-Q4 | 106.3 | 110.9 | 87.6 | 106.3 |
| 2007-Q3 | 104.8 | 109.6 | 85.4 | 105.0 |
| 2007-Q2 | 103.6 | 108.6 | 84.0 | 104.5 |
| 2007-Q1 | 102.7 | 107.2 | 82.6 | 103.5 |
| 2006-Q4 | 101.9 | 105.9 | 81.0 | 100.7 |
| 2006-Q3 | 100.0 | 103.8 | 79.5 | 99.5 |
| 2006-Q2 | 97.6 | 101.9 | 78.0 | 97.5 |
| 2006-Q1 | 95.3 | 99.5 | 75.8 | 95.0 |
| 2005-Q4 | 92.1 | 96.8 | 73.5 | 91.8 |
| 2005-Q3 | 89.0 | 94.3 | 71.5 | 88.4 |
| 2005-Q2 | 86.1 | 91.2 | 68.6 | 85.4 |
| 2005-Q1 | 82.5 | 88.4 | 66.2 | 82.1 |
| 2004-Q4 | 79.5 | 85.3 | 63.8 | 79.4 |
| 2004-Q3 | 76.2 | 82.2 | 61.4 | 77.0 |
| 2004-Q2 | 73.0 | 79.5 | 59.4 | 74.1 |
| 2004-Q1 | 70.3 | 77.1 | 57.2 | 72.0 |
| 2003-Q4 | 66.6 | 74.6 | 55.1 | 69.7 |
| 2003-Q3 | 64.4 | 72.3 | 53.3 | 66.8 |
| 2003-Q2 | 62.0 | 70.4 | 51.9 | 65.0 |
| 2003-Q1 | 59.7 | 68.5 | 50.3 | 63.5 |
| 2002-Q4 | 58.0 | 67.0 | 48.8 | 62.2 |
| 2002-Q3 | 56.2 | 65.2 | 47.4 | 61.4 |
| 2002-Q2 | 54.3 | 63.4 | 46.1 | 60.1 |
| 2002-Q1 | 52.8 | 62.0 | 44.8 | 58.8 |
| 2001-Q4 | 51.8 | 60.7 | 44.2 | 58.5 |
| 2001-Q3 | 50.5 | 59.6 | 43.5 | 58.0 |
| 2001-Q2 | 50.0 | 58.6 | 42.5 | 57.5 |
| 2001-Q1 | 48.9 | 57.3 | 41.9 | 55.8 |
| 2000-Q4 | 47.8 | 56.1 | 40.9 | 54.8 |
| 2000-Q3 | 47.3 | 55.2 | 40.3 | 54.1 |
| 2000-Q2 | 46.4 | 54.0 | 39.4 | 52.9 |
| 2000-Q1 | 45.7 | 53.1 | 38.4 | 52.2 |
graphiqueSecond-hand dwellings price index in metropolitan France
- Scope: Metropolitan France.
- Sources: INSEE, ADSN-BIEN-Grand Paris notaries, French notaries, Perval society.
tableauVariation in prices of second-hand dwellings in metropolitan France
| Change in | ||||||
|---|---|---|---|---|---|---|
| 3 months (S.A.) | 12 months | |||||
| 2021 Q3 (d) | 2021 Q4 (d) | 2022 Q1 (p) | 2021 Q3 (d) | 2021 Q4 (d) | 2022 Q1 (p) | |
| Metropolitan France | 2.1 | 1.6 | 1.5 | 7.5 | 7.1 | 7.3 |
| Île-de-France | 1.4 | -0.1 | 0.7 | 4.0 | 2.3 | 2.5 |
| Provincial France | 2.4 | 2.3 | 1.8 | 8.9 | 9.0 | 9.3 |
| - Auvergne-Rhône-Alpes | 2.5 | 2.2 | 1.9 | 8.7 | 8.5 | 8.4 |
| - Hauts-de-France | 2.4 | 0.8 | 1.8 | 7.0 | 5.4 | 6.6 |
| - Provence-Alpes-Côte d'Azur | 1.8 | 2.3 | 1.7 | 7.5 | 8.2 | 9.1 |
| Flats | 1.5 | 0.7 | 0.9 | 5.3 | 4.6 | 4.7 |
| Île-de-France | 1.2 | -1.1 | 0.4 | 2.6 | 0.3 | 0.9 |
| - Paris | 0.7 | -0.9 | -0.6 | -0.1 | -1.6 | -1.2 |
| - Immediate suburbs | 1.4 | -1.4 | 0.9 | 4.7 | 1.6 | 2.0 |
| - Outer suburbs | 1.8 | -1.0 | 2.1 | 5.9 | 3.3 | 4.8 |
| Provincial France | 1.9 | 2.1 | 1.4 | 7.7 | 8.1 | 7.8 |
| - Conurbation > 10 000 inhabitants | 1.8 | 2.1 | 1.3 | 7.6 | 8.0 | 7.6 |
| * Central town | 1.9 | 2.2 | 1.2 | 7.4 | 8.0 | 7.6 |
| * Suburb | 1.7 | 1.9 | 1.5 | 7.9 | 7.9 | 7.7 |
| - Conurbation < 10 000 inhabitants | 2.4 | 2.5 | 1.8 | 8.5 | 9.4 | 9.9 |
| - Auvergne-Rhône-Alpes | 0.6 | 1.6 | 2.1 | 6.4 | 6.5 | 6.6 |
| * Lyon | -1.0 | 1.0 | 0.2 | 2.1 | 2.5 | 1.1 |
| - Hauts-de-France | 2.9 | 0.7 | 0.2 | 9.8 | 7.7 | 6.2 |
| - Provence-Alpes-Côte d'Azur | 1.9 | 2.0 | 1.1 | 6.0 | 7.0 | 7.1 |
| * Marseille | 1.7 | 2.8 | 3.1 | * | 9.0 | 10.4 |
| Houses | 2.6 | 2.3 | 1.9 | 9.1 | 9.0 | 9.3 |
| Île-de-France | 1.7 | 2.0 | 1.2 | 7.0 | 6.6 | 5.7 |
| - Immediate suburbs | 1.0 | 2.5 | 0.0 | 6.6 | 6.3 | 4.9 |
| - Outer suburbs | 2.1 | 1.7 | 1.8 | 7.1 | 6.8 | 6.0 |
| Provincial France | 2.7 | 2.4 | 2.0 | 9.5 | 9.5 | 10.0 |
| - Auvergne-Rhône-Alpes | 4.0 | 2.7 | 1.8 | 10.8 | 10.2 | 10.0 |
| - Hauts-de-France | 2.3 | 0.8 | 2.1 | 6.5 | 5.0 | 6.7 |
| * Conurbation of Lille | 2.7 | -0.5 | 2.8 | 7.2 | 3.9 | 7.3 |
| - Provence-Alpes-Côte d'Azur | 1.7 | 2.6 | 2.4 | 9.0 | 9.4 | 11.0 |
- * The 2020Q2 and 2020Q3 indices for Marseille (or the variations calculated from these indices) are not published because cover rates of notaries data are too low.
- Additional data (for example by department in Île-de-France) are available on the web page of the indicator.
- (p): provisional; (d): definitive.
- Scope: Metropolitan France.
- Sources: INSEE, ADSN – BIEN – Grand Paris notaries. French notaries. Perval society.
The annual number of transactions stabilized at the end of March 2022
In Q1 2022, the annual number of transactions stabilized: in March, the number was 1,175,000, after 1,177,000 in December 2021. Compared to the stock of available dwellings which increases by around 1% a year, since 2019 the proportion of transactions has been larger than the high level observed in the early 2000s.
tableauVolume of transactions of second-hand dwellings over the last 12 months
| Volume of transactions of second-hand dwellings over the last 12 months | |
|---|---|
| 2022-Q1 | 1175 |
| 2021-Q4 | 1177 |
| 2021-Q3 | 1204 |
| 2021-Q2 | 1156 |
| 2021-Q1 | 1080 |
| 2020-Q4 | 1024 |
| 2020-Q3 | 988 |
| 2020-Q2 | 1007 |
| 2020-Q1 | 1038 |
| 2019-Q4 | 1067 |
| 2019-Q3 | 1043 |
| 2019-Q2 | 1016 |
| 2019-Q1 | 984 |
| 2018-Q4 | 967 |
| 2018-Q3 | 958 |
| 2018-Q2 | 954 |
| 2018-Q1 | 960 |
| 2017-Q4 | 963 |
| 2017-Q3 | 949 |
| 2017-Q2 | 917 |
| 2017-Q1 | 876 |
| 2016-Q4 | 844 |
| 2016-Q3 | 824 |
| 2016-Q2 | 818 |
| 2016-Q1 | 807 |
| 2015-Q4 | 795 |
| 2015-Q3 | 750 |
| 2015-Q2 | 710 |
| 2015-Q1 | 691 |
| 2014-Q4 | 689 |
| 2014-Q3 | 722 |
| 2014-Q2 | 733 |
| 2014-Q1 | 733 |
| 2013-Q4 | 716 |
| 2013-Q3 | 687 |
| 2013-Q2 | 675 |
| 2013-Q1 | 661 |
| 2012-Q4 | 708 |
| 2012-Q3 | 734 |
| 2012-Q2 | 781 |
| 2012-Q1 | 816 |
| 2011-Q4 | 801 |
| 2011-Q3 | 821 |
| 2011-Q2 | 807 |
| 2011-Q1 | 796 |
| 2010-Q4 | 776 |
| 2010-Q3 | 737 |
| 2010-Q2 | 699 |
| 2010-Q1 | 656 |
| 2009-Q4 | 595 |
| 2009-Q3 | 568 |
| 2009-Q2 | 578 |
| 2009-Q1 | 610 |
| 2008-Q4 | 674 |
| 2008-Q3 | 717 |
| 2008-Q2 | 758 |
| 2008-Q1 | 796 |
| 2007-Q4 | 810 |
| 2007-Q3 | 821 |
| 2007-Q2 | 822 |
| 2007-Q1 | 813 |
| 2006-Q4 | 821 |
| 2006-Q3 | 832 |
| 2006-Q2 | 836 |
| 2006-Q1 | 834 |
| 2005-Q4 | 829 |
| 2005-Q3 | 821 |
| 2005-Q2 | 816 |
| 2005-Q1 | 826 |
| 2004-Q4 | 823 |
| 2004-Q3 | 827 |
| 2004-Q2 | 836 |
| 2004-Q1 | 824 |
| 2003-Q4 | 814 |
| 2003-Q3 | 806 |
| 2003-Q2 | 794 |
| 2003-Q1 | 798 |
| 2002-Q4 | 811 |
| 2002-Q3 | 803 |
| 2002-Q2 | 799 |
| 2002-Q1 | 793 |
| 2001-Q4 | 784 |
| 2001-Q3 | 791 |
| 2001-Q2 | 789 |
| 2001-Q1 | 785 |
| 2000-Q4 | 793 |
| 2000-Q3 | 780 |
| 2000-Q2 | 768 |
| 2000-Q1 | 755 |
- Warning: The recent increase in notary data cover rates may have an impact on the adjustments historically implemented to take into account the heterogeneity of coverage deficits in the calculation of the volume of transactions. Pending more time to better know these impacts, the uncertainty on the estimate of the volume from Q3 2021 onwards may be slightly increased.
graphiqueVolume of transactions of second-hand dwellings over the last 12 months
- Warning: The recent increase in notary data cover rates may have an impact on the adjustments historically implemented to take into account the heterogeneity of coverage deficits in the calculation of the volume of transactions. Pending more time to better know these impacts, the uncertainty on the estimate of the volume from Q3 2021 onwards may be slightly increased.
- Scope: France (excluding Mayotte).
- Sources: CGEDD, based on notarial databases and DGFiP (MEDOC).
Revisions
The second-hand housing price index may be revised in order to include observations recorded after the previous publication.
In comparison with the results released on 24 February 2022, the q-o-q change in prices in Q4 2021 in France (excluding Mayotte) was revised downward by 0.1 points: the definitive estimate is +1,6%, while the estimate published initially was +1,7%.
For further information
The calculation of indices is based on the transactions completed during the quarter. The methodology is based on models explaining the price of housing according to its characteristics. The current value of a reference housing stock is estimated thanks to these models. Methodological principles of calculation of indices may be found in « Les indices Notaires-Insee de prix des logements anciens », Insee Méthodes n° 132 released in June 2019 (in French only).
Next issue: 6 September 2022, 8:45 AM.
Pour en savoir plus
The calculation of indices is based on the transactions completed during the quarter. The methodology is based on models explaining the price of housing according to its characteristics. The current value of a reference housing stock is estimated thanks to these models. Methodological principles of calculation of indices may be found in « Les indices Notaires-Insee de prix des logements anciens », Insee Méthodes n° 132 released in June 2019 (in French only).
Next issue: 6 September 2022, 8:45 AM.