Informations Rapides ·
6 September 2022 · n° 233
In Q2 2022, prices of second-hand dwellings slightly slowed down Notaries-INSEE second-hand dwellings price index - second quarter 2022
In Q2 2022, the rise in prices of second-hand dwellings in France (excluding Mayotte) continued despite a slight slowing down: +1.4% over a quarter (provisional seasonally adjusted results), after +1.7% in both previous quarters.
Over a year, the rise in prices continued: +6.8% in Q2 2022, after +7.3% in Q1 and +7.1% in Q4 2021. The increase remained larger for houses (+8.4% over the year) than for flats (+4.5%), as has been the case since Q4 2020.
In Q2 2022, the rise in prices of second-hand dwellings in France (excluding Mayotte) continued despite a slight slowing down: +1.4% over a quarter (provisional seasonally adjusted results), after +1.7% in both previous quarters.
Over a year, the rise in prices continued: +6.8% in Q2 2022, after +7.3% in Q1 and +7.1% in Q4 2021. The increase remained larger for houses (+8.4% over the year) than for flats (+4.5%), as has been the case since Q4 2020.
tableauVariation in prices of second-hand dwellings in France over a year
| France - flats | France | France - houses | |
|---|---|---|---|
| 2022-Q2 | 4.5 | 6.8 | 8.4 |
| 2022-Q1 | 4.7 | 7.3 | 9.1 |
| 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 Q4 (d) | 2022 Q1 (d) | 2022 Q2 (p) | 2021 Q4 (d) | 2022 Q1 (d) | 2022 Q2 (p) | |
| France | 1.7 | 1.7 | 1.4 | 7.1 | 7.3 | 6.8 |
| Flats | 0.7 | 1.2 | 1.2 | 4.6 | 4.7 | 4.5 |
| Houses | 2.4 | 2.1 | 1.5 | 9.0 | 9.1 | 8.4 |
- (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 Q2 2022, prices of second-hand dwellings in Île-de-France increases for two quarters in a row: +0.3% over a quarter, after +1.1% and -0.2% in both previous quarters.
Over a year, prices also increased: +2.2% in Q2 2022, after +2.5% in Q1 and +2.3% in Q4 2021. The increase was much stronger for houses (+5.4% over a year, after +5.9% in Q1 2022 and +6.6% in Q4 2021) than it was for flats (+0.7%, after +0.9% and +0.3%). This greater dynamism in house prices in Île-de-France has been observed since the fourth quarter of 2020.
In Paris, the evolution of flats prices remained flat over a quarter: +0.1% in Q2 2022, after a stability in Q1 2022 and -1.0% in Q4 2021. Over a year, prices of Parisian flats decreased (-0.8%).
In provincial France, the rise in prices of second-hand dwellings kept going
In Q2 2022, prices of second-hand dwellings in provincial France increased again: +1.7% over a quarter, after +1.9% in Q1 2022 and +2.4% in Q4 2021.
Over a year, prices evolved still dynamically: +8.6% in Q2 2022, after +9.2% and +9.0%. As has been the case since the beginning of 2021, the prices of houses (+9.0% y-o-y in Q2 2022) rose stronger than those of flats (+7.6%), which was the opposite 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-Q2 | 132.5 | 133.7 | 129.1 | 125.1 |
| 2022-Q1 | 130.1 | 131.6 | 128.7 | 124.5 |
| 2021-Q4 | 128.2 | 128.7 | 127.6 | 122.6 |
| 2021-Q3 | 125.6 | 125.5 | 128.9 | 120.7 |
| 2021-Q2 | 123.2 | 122.7 | 128.0 | 118.6 |
| 2021-Q1 | 120.6 | 119.8 | 127.4 | 117.7 |
| 2020-Q4 | 118.6 | 117.7 | 127.5 | 115.3 |
| 2020-Q3 | 116.6 | 114.6 | 125.9 | 112.6 |
| 2020-Q2 | 115.2 | 114.0 | 125.2 | 111.9 |
| 2020-Q1 | 113.4 | 112.5 | 123.1 | 109.8 |
| 2019-Q4 | 111.2 | 110.7 | 120.4 | 108.1 |
| 2019-Q3 | 109.4 | 110.0 | 118.3 | 107.9 |
| 2019-Q2 | 108.1 | 108.9 | 116.7 | 106.8 |
| 2019-Q1 | 107.0 | 108.0 | 115.2 | 106.4 |
| 2018-Q4 | 106.0 | 107.5 | 113.7 | 107.2 |
| 2018-Q3 | 105.8 | 106.9 | 112.7 | 106.2 |
| 2018-Q2 | 104.2 | 106.1 | 111.1 | 105.8 |
| 2018-Q1 | 104.1 | 105.4 | 109.8 | 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 Q4 (d) | 2022 Q1 (d) | 2022 Q2 (p) | 2021 Q4 (d) | 2022 Q1 (d) | 2022 Q2 (p) | |
| Metropolitan France | 1.7 | 1.7 | 1.3 | 7.1 | 7.3 | 6.8 |
| Île-de-France | -0.2 | 1.1 | 0.3 | 2.3 | 2.5 | 2.2 |
| Provincial France | 2.4 | 1.9 | 1.7 | 9.0 | 9.2 | 8.6 |
| - Auvergne-Rhône-Alpes | 2.0 | 1.7 | 1.4 | 8.5 | 8.3 | 7.9 |
| - Hauts-de-France | 0.9 | 1.9 | 1.4 | 5.4 | 6.4 | 6.4 |
| - Provence-Alpes-Côte d'Azur | 2.2 | 2.0 | 2.0 | 8.2 | 8.9 | 8.2 |
| Flats | 0.7 | 1.2 | 1.2 | 4.6 | 4.7 | 4.5 |
| Île-de-France | -1.0 | 0.9 | 0.3 | 0.3 | 0.9 | 0.7 |
| - Paris | -1.0 | 0.0 | 0.1 | -1.6 | -1.2 | -0.8 |
| - Immediate suburbs | -1.1 | 1.2 | 0.3 | 1.6 | 1.9 | 1.2 |
| - Outer suburbs | -0.8 | 2.8 | 0.8 | 3.3 | 5.0 | 4.1 |
| Provincial France | 2.1 | 1.4 | 1.8 | 8.1 | 7.8 | 7.6 |
| - Conurbation > 10 000 inhabitants | 2.1 | 1.3 | 1.8 | 8.0 | 7.6 | 7.3 |
| * Central town | 2.1 | 1.2 | 1.8 | 8.0 | 7.6 | 7.3 |
| * Suburb | 1.9 | 1.6 | 1.8 | 7.9 | 7.8 | 7.4 |
| - Conurbation < 10 000 inhabitants | 2.6 | 2.2 | 2.3 | 9.4 | 10.0 | 9.8 |
| - Auvergne-Rhône-Alpes | 1.7 | 1.9 | 1.2 | 6.5 | 6.5 | 6.1 |
| * Lyon | 1.0 | -0.4 | -0.1 | 2.5 | 1.1 | 0.0 |
| - Hauts-de-France | 0.7 | 0.5 | 3.4 | 7.7 | 6.2 | 7.4 |
| - Provence-Alpes-Côte d'Azur | 2.0 | 1.2 | 2.2 | 7.0 | 7.0 | 7.4 |
| * Marseille | 3.2 | 2.9 | 2.4 | 9.0 | 9.9 | 10.0 |
| Houses | 2.4 | 2.1 | 1.5 | 9.0 | 9.2 | 8.5 |
| Île-de-France | 1.6 | 1.5 | 0.5 | 6.6 | 5.9 | 5.4 |
| - Immediate suburbs | 1.6 | 1.0 | 0.7 | 6.3 | 5.3 | 4.5 |
| - Outer suburbs | 1.5 | 1.9 | 0.4 | 6.8 | 6.2 | 5.8 |
| Provincial France | 2.6 | 2.2 | 1.6 | 9.5 | 9.8 | 9.0 |
| - Auvergne-Rhône-Alpes | 2.3 | 1.5 | 1.5 | 10.2 | 9.9 | 9.4 |
| - Hauts-de-France | 0.9 | 2.2 | 1.0 | 5.0 | 6.5 | 6.2 |
| * Conurbation of Lille | -0.1 | 4.1 | -0.2 | 3.9 | 7.5 | 5.8 |
| - Provence-Alpes-Côte d'Azur | 2.3 | 2.7 | 1.9 | 9.4 | 10.8 | 8.9 |
- 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 June 2022
In Q2 2022, the annual number of transactions decreased slightly: in June, the number was 1,157,000, after 1,176,000 in March 2022. Compared to the stock of available dwellings which increases by around 1% a year, the proportion of transactions has been larger since 2019 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-Q2 | 1157 |
| 2022-Q1 | 1176 |
| 2021-Q4 | 1177 |
| 2021-Q3 | 1206 |
| 2021-Q2 | 1157 |
| 2021-Q1 | 1081 |
| 2020-Q4 | 1025 |
| 2020-Q3 | 989 |
| 2020-Q2 | 1008 |
| 2020-Q1 | 1039 |
| 2019-Q4 | 1068 |
| 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 31 May 2022, the quarterly change in prices in Q1 2022 in France (excluding Mayotte) was revised upward by 0.2 points: the definitive estimate is +1.7%, while the estimate published initially was +1.5%.
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: 24 November 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: 24 November 2022, 8:45 AM.