In the third quarter 2014, prices of second-hand dwellings were still decreasing: -0.4% over the quarter, -1.0% over the yearIndexes of prices of second-hand dwellings - 3rd Quarter 2014

During the third quarter 2014, prices of second-hand dwellings went down by 0.4% quarter-on-quarter according to provisional results (s.a. data). Prices of flats where still decreasing (–0.9 %), while prices of houses were stable.

Informations rapides
No 270
Paru le : 27/11/2014
Prochaine parution le : 30/11/2017 at 08:45 - third quarter 2017

During the third quarter 2014, prices of second-hand dwellings went down by 0.4% quarter-on-quarter according to provisional results (s.a. data). Prices of flats where still decreasing (–0.9 %), while prices of houses were stable.

Year-on-year, prices of second-hand dwellings were still declining: –1.0%, after –1,3% in the second quarter. This fall concerned flats (–1.7%) more than houses (–0.4%).

Overall stability of prices in Île-de-France

In Île-de-France, during the third quarter 2014, prices of second-hand dwellings were stable (provisional results, s.a. data). This stability combined opposite changes: whereas prices of flats kept falling, prices of houses were rising.

Year-on-year, prices in Île-de-France shrank by 1.2%. It was more significant for flats (–1.6%) than for houses (–0.5%).

In provincial France, prices dropped

In provincial France, prices went down during the third quarter 2014: –0.5%, –1.0% for flats, –0.3% for houses.

Year-on-year, prices of second-hand dwellings in provincial France went on decreasing (-0.8%, after –1,0% in the second quarter). This decline was also more important for flats (-1.7%) than for houses (-0.3%).

Graphique1a – Prices of second-hand dwellings

  • Insee, French notaries - Database Bien, Perval society

Graphique2a – Prices of second-hand dwellings in Île-de-France

  • Insee, French notaries - Database Bien, Perval society

Tableau1a – Variation in prices of second-hand dwellings in metropolitan France

Variation in prices of second-hand dwellings in metropolitan France
change in
3 months (S.A.) 12 months
2014 Q1 2014 Q2 (sd) 2014 Q3 (p) 2014 Q1 2014 Q2 (sd) 2014 Q3 (p)
France -0.3 -0.1 -0.4 -1.9 -1.3 -1.0
Flats 0.0 -0.4 -0.9 -1.4 -1.2 -1.7
Houses -0.5 0.1 0.0 -2.1 -1.3 -0.4
  • (p) : provisional
  • (sd) : semi-definitive
  • Sources : Insee, French notaries - Database Bien, Perval society

The annual volume of transactions slightly decreasing in the third quarter 2014

The annual volume of transactions held steady at the beginning of 2014, after increasing in 2013. However in September 2014, the number of transactions fall slightly: it was estimated at 725 000 over the last 12 months (735 000 over Q2 2014).

However, year-on-year, the annual number of transactions rose significantly (+5.4%, against the 688 000 transactions completed from October 2012 to September 2013).

Graphique3a – Volume of transactions of second-hand dwellings over the last 12 months

  • CGEDD, based on notarial databases and DGFiP (MEDOC)

Revisions 

The index is revised to include transactions recorded after the last publication. Furthermore, for this publication, the seasonal factors for Île-de-France have been revised. This could marginally change the figures since the beginning of 2008. Besides, the figures for houses in Île-de-France have been reestimated since the beginning of 2014, in order to take into account an improvement of the processing of collected data.

In comparison to the results released on 7th October, the total change in prices in the second quarter 2014 has not been revised. However, it has been revised by +0.1 point for flats, and by –0.1 point for houses.

Tableau2a – Variation in prices of second-hand dwellings in metropolitan France

Variation in prices of second-hand dwellings in metropolitan France
Change in
3 months (S.A.) 12 months
2014 Q1 2014 Q2 (sd) 2014 Q3 (p) 2014 Q1 2014 Q2 (sd) 2014 Q3 (p)
Metropolitan France -0.3 -0.1 -0.4 -1.9 -1.3 -1.0
- Flats 0.0 -0.4 -0.9 -1.4 -1.2 -1.7
- Houses -0.5 0.1 0.0 -2.1 -1.3 -0.4
Île-de-France -0.3 -0.5 0.0 -1.9 -1.9 -1.2
Provincial France -0.3 0.1 -0.5 -1.8 -1.0 -0.8
Flats
Île-de-France 0.2 -0.5 -0.8 -1.5 -1.5 -1.6
- Paris 0.0 -0.2 -1.4 -1.8 -1.0 -1.9
- Seine-et-Marne -1.2 -1.1 0.9 -2.1 -3.2 -2.6
- Yvelines 0.1 -0.1 -0.9 -2.5 -2.1 -2.4
- Essonne -0.2 -0.6 -0.7 -2.1 -2.8 -2.9
- Hauts-de-Seine 0.8 -0.8 -0.3 -0.9 -1.5 -0.8
- Seine-Saint-Denis 1.0 -1.4 0.2 -0.2 -2.0 -0.5
- Val-de-Marne 0.5 -0.8 0.0 -0.6 -1.5 -0.5
- Val-d'Oise -0.7 -0.3 -0.3 -2.5 -2.7 -2.3
Provincial France -0.2 -0.3 -1.0 -1.3 -0.9 -1.7
- Conurbation > 10 000 inhabitants -0.3 -0.4 ** -1.4 -1.1 **
- Central town -0.1 -0.4 ** -1.1 -0.8 **
- Suburb -0.7 -0.3 ** -2.0 -1.5 **
- Conurbation < 10 000 inhabitants 1.3 0.0 ** 0.4 0.5 **
Houses
Île-de-France -1.3 -0.5 1.6 -2.7 -2.7 -0.5
- Seine-et-Marne -1.9 -0.3 1.5 -3.0 -2.8 -1.1
- Yvelines -1.9 -0.1 1.8 -2.7 -2.3 0.0
- Essonne -1.7 -0.2 1.0 -2.9 -2.6 -1.2
- Hauts-de-Seine -0.8 -0.6 3.4 -1.7 -2.0 2.6
- Seine-Saint-Denis 0.5 -1.2 0.5 -2.7 -3.4 -1.6
- Val-de-Marne -0.5 -0.9 1.3 -2.4 -2.9 -0.6
- Val-d'Oise -1.2 -0.9 1.4 -2.8 -3.2 -1.3
Provincial France -0.3 0.2 -0.3 -2.0 -1.0 -0.3
Nord-Pas de Calais -0.5 -1.0 ** -1.3 -1.3 **
- Flats -1.1 -0.8 ** -2.1 -1.6 **
- Houses -0.4 -1.0 ** -1.1 -1.3 **
- Lille Houses -0.1 -0.4 ** -0.1 0.0 **
Provence-Alpes-Côte d'Azur -1.1 0.1 ** -2.4 -2.2 **
- Flats -1.1 -0.2 ** -2.4 -1.1 **
- Houses -1.0 0.5 ** -2.3 -3.4 **
- Marseille Flats 0.1 -2.0 ** -3.8 -2.1 **
Rhône-Alpes 0.4 0.0 ** -0.5 0.3 **
- Flats 0.5 -0.4 ** -0.1 -0.5 **
- Houses 0.3 0.3 ** -0.9 1.1 **
- Lyon Flats 0.4 -0.6 ** 1.3 -0.3 **
  • ** index released on the 6th January 2014
  • (p) : provisional
  • (sd) : semi-definitive
  • Sources : Insee, French notaries - Database Bien, Perval society