Informations Rapides ·
23 June 2023 · n° 163
In Q1 2023, house prices fell by 0.2% House price index - first quarter 2023
In Q1 2023, the house prices of metropolitan France fell by 0.2% compared to the previous quarter (provisional seasonally-adjusted data), after remaining stable in Q4 2022. The prices went down again for new dwellings (-0.2% compared to the previous quarter, after -0.2%); the decline was similar for second-hand dwellings (-0.2% , after a stability in Q4 2022).
Year on year, house prices slowed down sharply (+2.9% in Q1 2023 after +4.9% in the previous quarter). Prices of second-hand dwellings (+2.7%) increased at a lower rate than those of new dwellings (+4.4%) for the third quarter in a row.
House prices fell in Q1 2023
In Q1 2023, the house prices of metropolitan France fell by 0.2% compared to the previous quarter (provisional seasonally-adjusted data), after remaining stable in Q4 2022. The prices went down again for new dwellings (-0.2% compared to the previous quarter, after -0.2%); the decline was similar for second-hand dwellings (-0.2% , after a stability in Q4 2022).
Year on year, house prices slowed down sharply (+2.9% in Q1 2023 after +4.9% in the previous quarter). Prices of second-hand dwellings (+2.7%) increased at a lower rate than those of new dwellings (+4.4%) for the third quarter in a row.
tableauHouse price index (Base 100: 2015)
| Weights 2023 (%) | Index 2023 Q1 (SA data) (p) | Percentage change compared with the previous quarter (p) (SA data) | Percentage change compared with the same quarter of the previous year (p) | |
|---|---|---|---|---|
| All dwellings | 100.0 | 133.3 | -0.2 | 2.9 |
| - new dwellings | 11.8 | 130.0 | -0.2 | 4.4 |
| - second-hand dwellings | 88.2 | 133.7 | -0.2 | 2.7 |
- (p) provisional data, (SA data) seasonally adjusted
- Scope: metropolitan France.
- Sources: INSEE, SDES, French notaries – ADSN Group, Grand Paris notaries – PNS
tableauNew and second-hand dwellings price index in metropolitan France
| New and second-hand dwellings | New dwellings | |
|---|---|---|
| 2023-Q1 | 133.3 | 130.0 |
| 2022-Q4 | 133.5 | 130.2 |
| 2022-Q3 | 133.2 | 130.4 |
| 2022-Q2 | 131.2 | 127.8 |
| 2022-Q1 | 129.3 | 123.9 |
| 2021-Q4 | 127.5 | 123.8 |
| 2021-Q3 | 125.2 | 122.1 |
| 2021-Q2 | 122.9 | 120.2 |
| 2021-Q1 | 120.8 | 118.8 |
| 2020-Q4 | 119.3 | 117.1 |
| 2020-Q3 | 116.8 | 116.6 |
| 2020-Q2 | 115.9 | 114.5 |
| 2020-Q1 | 114.5 | 115.1 |
| 2019-Q4 | 112.7 | 114.1 |
| 2019-Q3 | 111.4 | 112.8 |
| 2019-Q2 | 110.2 | 111.9 |
| 2019-Q1 | 109.1 | 110.3 |
| 2018-Q4 | 108.6 | 109.4 |
| 2018-Q3 | 107.7 | 108.3 |
| 2018-Q2 | 106.8 | 108.0 |
| 2018-Q1 | 106.1 | 107.4 |
| 2017-Q4 | 105.3 | 106.9 |
| 2017-Q3 | 104.6 | 105.9 |
| 2017-Q2 | 103.9 | 105.4 |
| 2017-Q1 | 103.1 | 104.7 |
| 2016-Q4 | 101.9 | 103.1 |
| 2016-Q3 | 101.3 | 102.8 |
| 2016-Q2 | 100.6 | 101.1 |
| 2016-Q1 | 100.3 | 100.4 |
| 2015-Q4 | 100.2 | 100.3 |
| 2015-Q3 | 99.9 | 100.4 |
| 2015-Q2 | 99.9 | 100.0 |
| 2015-Q1 | 100.0 | 99.2 |
| 2014-Q4 | 100.3 | 98.8 |
| 2014-Q3 | 101.3 | 98.5 |
| 2014-Q2 | 101.8 | 97.7 |
| 2014-Q1 | 102.1 | 98.4 |
| 2013-Q4 | 102.5 | 98.6 |
| 2013-Q3 | 102.6 | 98.6 |
| 2013-Q2 | 103.0 | 97.7 |
| 2013-Q1 | 103.6 | 97.8 |
| 2012-Q4 | 104.0 | 97.5 |
| 2012-Q3 | 104.6 | 98.1 |
| 2012-Q2 | 105.2 | 99.1 |
| 2012-Q1 | 105.7 | 99.4 |
| 2011-Q4 | 106.2 | 100.0 |
| 2011-Q3 | 106.2 | 99.8 |
| 2011-Q2 | 105.4 | 98.8 |
| 2011-Q1 | 104.0 | 98.0 |
| 2010-Q4 | 102.3 | 96.5 |
| 2010-Q3 | 100.3 | 94.8 |
| 2010-Q2 | 98.9 | 94.0 |
| 2010-Q1 | 97.5 | 93.1 |
| 2009-Q4 | 95.8 | 93.0 |
| 2009-Q3 | 94.7 | 92.2 |
| 2009-Q2 | 94.5 | 91.6 |
| 2009-Q1 | 96.3 | 91.3 |
| 2008-Q4 | 99.1 | 91.1 |
| 2008-Q3 | 101.5 | 92.0 |
| 2008-Q2 | 102.7 | 92.8 |
| 2008-Q1 | 102.8 | 91.8 |
| 2007-Q4 | 102.5 | 91.3 |
| 2007-Q3 | 100.9 | 91.5 |
| 2007-Q2 | 100.0 | 89.8 |
| 2007-Q1 | 98.8 | 89.2 |
| 2006-Q4 | 97.3 | 88.1 |
| 2006-Q3 | 95.5 | 86.6 |
| 2006-Q2 | 93.7 | 85.4 |
| 2006-Q1 | 91.4 | 83.6 |
| 2005-Q4 | 88.9 | 82.3 |
| 2005-Q3 | 86.2 | 80.1 |
| 2005-Q2 | 83.3 | 77.8 |
| 2005-Q1 | 80.4 | 75.7 |
| 2004-Q4 | 77.6 | 73.1 |
| 2004-Q3 | 74.8 | 71.3 |
| 2004-Q2 | 72.2 | 69.5 |
| 2004-Q1 | 69.9 | 67.8 |
| 2003-Q4 | 67.3 | 66.2 |
| 2003-Q3 | 65.2 | 64.9 |
| 2003-Q2 | 63.3 | 63.4 |
| 2003-Q1 | 61.5 | 62.2 |
| 2002-Q4 | 59.9 | 60.8 |
| 2002-Q3 | 58.5 | 59.6 |
| 2002-Q2 | 56.9 | 58.8 |
| 2002-Q1 | 55.6 | 57.7 |
| 2001-Q4 | 54.6 | 56.8 |
| 2001-Q3 | 53.6 | 55.1 |
| 2001-Q2 | 52.8 | 54.6 |
| 2001-Q1 | 51.8 | 53.9 |
| 2000-Q4 | 50.7 | 53.6 |
| 2000-Q3 | 50.1 | 53.2 |
| 2000-Q2 | 49.1 | 52.4 |
| 2000-Q1 | 48.3 | 51.8 |
graphiqueNew and second-hand dwellings price index in metropolitan France
- Scope: metropolitan France.
- Source: Insee, SDES, Notaires de France – Groupe ADSN, Notaires du Grand Paris – PNS.
Revisions
Compared with the previous publication, the indices for Q4 2022 have been revised to take account of observations not yet recorded. The quarterly variation in prices of second-hand dwellings in Q4 2022 has been revised downwards (0.0% instead of +0.2%). That of new dwellings has not been revised and is confirmed at -0.2%. All in all, the quarter-on-quarter variation of housing prices in Q4 2022 has been slightly revised downwards (0.0% instead of +0.1%).
For further information
Price index of second-hand dwellings published here is the Notaires-INSEE index.
Information about methodology is available in the Documentation tab of this publication.
A link to the historical data is available at the bottom of this publication.
Next issue: 29 September 2023, 12:00 pm.
Pour en savoir plus
Price index of second-hand dwellings published here is the Notaires-INSEE index.
Information about methodology is available in the Documentation tab of this publication.
A link to the historical data is available at the bottom of this publication.
Next issue: 29 September 2023, 12:00 pm.