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In Q2 2017, house prices still increased (+3.5% year on year)House price index - second quarter 2017

In Q2 2017, house prices rose compared to the previous quarter (+1.3%, not-seasonally adjusted data). The prices of second-hand dwellings increased more (+1.4%) than those of new dwellings (+0.7%).

However, year on year, new dwelling prices grew faster (+4.2%) than second-hand dwelling prices (+3.4%). Overall, house prices increased by 3.5% y-o-y in Q2 2017, after +2.7% in Q1 2017.

Informations rapides N° 268
No 268
Paru le : 11/10/2017

Warning:

The survey on new housing sales, with which the new dwellings price index is calculated, has been overhauled in order to improve the quality of collected data. The method of calculation of the index takes into account the new data model starting from Q2 2017, subject of this publication. The results already published remain unchanged.

House prices still increased

In Q2 2017, house prices rose compared to the previous quarter (+1.3%, not-seasonally adjusted data). The prices of second-hand dwellings increased more (+1.4%) than those of new dwellings (+0.7%).

However, year on year, new dwelling prices grew faster (+4.2%) than second-hand dwelling prices (+3.4%). Overall, house prices increased by 3.5% y-o-y in Q2 2017, after +2.7% in Q1 2017.

Revisions

The index of Q1 2017 has been revised to include transactions recorded after the previous publication. Compared to the publication of 19 July 2017, the year-on-year variation in housing prices in Q1 2017 has been revised downward by 0.4 points: it now stands at +2.7% instead of +3.1%.

Table – House price index

Base 100: 2015
House price index
Weights 2017 (%) Index 2017 Q2 (p) Percentage change compared with the previous quarter (p) Percentage change compared with the same quarter of the previous year (p)
All dwellings 100.0 103.7 1.3 3.5
new dwellings 9.6 105.4 0.7 4.2
second-hand dwellings 90.4 103.5 1.4 3.4
  • Raw data
  • (p) Provisional data
  • Scope: metropolitan France except Corsica
  • Source: INSEE, SDES, French notaries – Database Bien, Perval

Documentation

Methodology (pdf, 175 Ko)