28 May 2015

2015- n° 126

Prices of second-hand dwellings stopped decreasing in Q1 2015, but were still declining year-on-year (–1.9%) Indexes of prices of second-hand dwellings - 1st quarter 2015

During the first quarter of 2015, prices of second-hand dwellings went slightly up (+0.3% quarter-on-quarter according to provisional results after -1.3% in Q4 2014, s.a. data). This rise concerned only houses: +0.6%, after –1.6% during Q4 2014. Prices of flats were still slightly decreasing (–0.2%, after –0.8%).

Year-on-year, prices of second-hand dwellings continued however their downward trend around 2% observed since the end of 2012: –1.9% in Q1 2015 compared to Q1 2014, against –2.5% in Q4 2014. This decrease is more important for flats (–2.5% y-o-y) than for houses (–1.5%).

In Île-de-France, prices of second-hand dwellings went on declining during the first quarter of 2015, almost at the same pace as the last 2 years (–0.4% q-o-q, –2.1% y-o-y).

In provincial France, prices of second-hand dwellings increased sligthly (+0.6% q-o-q, after –1.5% in Q4 2014). This increase concerned houses (+0.7%) and flats (+0.4%).

However, year-on-year, prices were still decreasing: –1.8%. This decline is more important for flats (–2.4%) than for houses (–1.5%).

The annual volume of transactions was stable in the first quarter of 2015, after decreasing since june 2014. In March, it was estimated at 698,000 over the last 12 months, against 691,000 in December 2014.

Year-on-year, the annual number of transactions decreased: –4.6%, against the 732,000 transactions completed from April 2013 to March 2014.

The index is revised to include transactions recorded after the last publication.

In comparison to the results released on 7th April 2015, the change in prices in the fourth quarter of 2014 was revised downwards by 0.1 points for the total (+0.1 for flats, –0.2 for houses).