6 January 2020
N° 2020-306

In Q3 2019, prices of second-hand dwellings continued to growNotaries-INSEE second-hand dwellings price index - third quarter 2019

6 January 2020: The file of additional data has been updated compared to the publication of 28 November 2019.

In Q3 2019, prices of second-hand dwellings in France (excluding Mayotte) were still increasing: +1.0% as compared to Q2 2019 (provisional seasonally adjusted results), at a bigger rate than in the previous quarter (+0.7 %).

Informations rapides
No 306
Paru le : Paru le 06/01/2020
Informations rapides  No 306 - January 2020

In Q3 2019, prices of second-hand dwellings in France (excluding Mayotte) were still increasing: +1.0% as compared to Q2 2019 (provisional seasonally adjusted results), at a bigger rate than in the previous quarter (+0.7 %).

Over a year, the rise of prices barely sped up : +3.2%, after +3.1%. As observed since the end of 2016, this increase was more important for flats (+4.0% over the year) than for houses (+2.5%).

Variation in prices of second-hand dwellings in France over a year

Variation in prices of second-hand dwellings in France over a year
France - flats France France - houses
2011-Q1 9.5 7.1 5.3
2011-Q2 10.0 7.1 4.9
2011-Q3 8.8 6.2 4.2
2011-Q4 6.2 3.7 1.8
2012-Q1 3.8 1.8 0.4
2012-Q2 1.0 -0.3 -1.2
2012-Q3 -0.8 -1.7 -2.3
2012-Q4 -1.4 -2.1 -2.6
2013-Q1 -1.5 -2.0 -2.4
2013-Q2 -1.9 -2.2 -2.5
2013-Q3 -1.7 -2.3 -2.8
2013-Q4 -1.8 -1.9 -2.0
2014-Q1 -1.4 -1.9 -2.2
2014-Q2 -1.3 -1.4 -1.4
2014-Q3 -2.0 -1.4 -1.0
2014-Q4 -2.4 -2.5 -2.6
2015-Q1 -2.8 -2.4 -2.1
2015-Q2 -3.0 -2.6 -2.4
2015-Q3 -2.0 -1.8 -1.6
2015-Q4 -1.1 -0.4 0.2
2016-Q1 -0.4 0.3 0.9
2016-Q2 0.5 0.6 0.7
2016-Q3 1.0 1.3 1.5
2016-Q4 1.6 1.5 1.4
2017-Q1 3.0 2.5 2.1
2017-Q2 3.7 3.1 2.6
2017-Q3 4.5 3.2 2.4
2017-Q4 4.3 3.3 2.5
2018-Q1 3.8 2.9 2.3
2018-Q2 3.3 2.8 2.5
2018-Q3 3.4 2.9 2.6
2018-Q4 3.4 3.2 3.1
2019-Q1 3.8 3.0 2.5
2019-Q2 4.3 3.1 2.3
2019-Q3 4.0 3.2 2.5

Variation 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.

Variation in prices of second-hand dwellings in France

Variation in prices of second-hand dwellings in France
Change in (%)
3 months (S.A.) 12 months
2019 Q1 2019 Q2(sd) 2019 Q3(p) 2019 Q1 2019 Q2(sd) 2019 Q3(p)
France 0.6 0.7 1.0 3.0 3.1 3.2
Flats 1.2 1.2 1.0 3.8 4.3 4.0
Houses 0.2 0.4 1.0 2.5 2.3 2.5
  • (p): provisional; (sd): semi-definitive
  • Scope: France (excluding Mayotte)
  • Sources : Insee, ADSN – BIEN – Grand Paris notaries, French notaries, Perval society

In Île-de-France, prices of second-hand dwellings stayed dynamic

In Q3 2019, prices of second-hand dwellings’ price in Île-de-France sped up: +0.9% as compared to Q2 2019, after +0.8% and +0,6%.

Year on year, prices were still increasing at a sustained pace: +3.6% between Q3 2018 and Q3 2019, after +3.6% and +4.0%. Flats’ prices increased by +4.7% over the year while houses’ prices increased by 1.2%. Prices in inner Paris kept on driving flats’ prices: +6.1% over the year in Q3 2019, after +6.3% in Q2 2019 and +6.6% in Q1 2019. Excluding Paris, the annual rise in Île-de-France was +2,3 % in Q3 2019.

Prices keeping on increasingfor second-hand dwellings in provincial France

In Q3 2019, prices of second-hand dwelling in provincial France kept increasing at a higher rate than the two previous quarters : +1.0%, after +0.7% and +0.6%.

Over one year, prices increased at a slightly faster pace than previously: +3.0% between Q3 2018 and Q3 2019, after +2.9% and 2.6%. Uniformly to what was observed at the beginning of 2019, the annual rise in provincial France was in Q3 2019 more important for flats (+3.5%) than for houses (+2.8%).

Second-hand dwellings price index in metropolitan France

Second-hand dwellings price index in metropolitan France
Province - flats Province - houses Île-de-France - flats Île-de-France - houses
2000-Q1 45.7 53.1 38.4 52.2
2000-Q2 46.4 54.0 39.4 52.9
2000-Q3 47.3 55.2 40.3 54.1
2000-Q4 47.8 56.1 40.9 54.8
2001-Q1 48.9 57.3 41.9 55.8
2001-Q2 50.0 58.6 42.5 57.5
2001-Q3 50.5 59.6 43.5 58.0
2001-Q4 51.8 60.7 44.2 58.5
2002-Q1 52.8 62.0 44.8 58.8
2002-Q2 54.3 63.4 46.1 60.1
2002-Q3 56.2 65.2 47.4 61.4
2002-Q4 58.0 67.0 48.8 62.2
2003-Q1 59.7 68.5 50.3 63.5
2003-Q2 62.0 70.4 51.9 65.0
2003-Q3 64.4 72.3 53.3 66.8
2003-Q4 66.6 74.6 55.1 69.7
2004-Q1 70.3 77.1 57.2 72.0
2004-Q2 73.0 79.5 59.4 74.1
2004-Q3 76.2 82.2 61.4 77.0
2004-Q4 79.5 85.3 63.8 79.4
2005-Q1 82.5 88.4 66.2 82.1
2005-Q2 86.1 91.2 68.6 85.4
2005-Q3 89.0 94.3 71.5 88.4
2005-Q4 92.1 96.8 73.5 91.8
2006-Q1 95.3 99.5 75.8 95.0
2006-Q2 97.6 101.9 78.0 97.5
2006-Q3 100.0 103.8 79.5 99.5
2006-Q4 101.9 105.9 81.0 100.7
2007-Q1 102.7 107.2 82.6 103.5
2007-Q2 103.6 108.6 84.0 104.5
2007-Q3 104.8 109.6 85.4 105.0
2007-Q4 106.3 110.9 87.6 106.3
2008-Q1 106.7 111.3 88.4 105.9
2008-Q2 106.4 110.3 89.2 105.9
2008-Q3 104.8 108.9 89.0 104.4
2008-Q4 102.3 105.2 87.6 101.0
2009-Q1 99.5 101.9 84.7 95.8
2009-Q2 98.0 100.0 82.3 92.8
2009-Q3 98.3 99.9 82.7 93.2
2009-Q4 99.3 100.9 84.1 93.8
2010-Q1 101.0 102.4 86.8 97.2
2010-Q2 102.4 103.6 89.4 98.8
2010-Q3 103.9 104.7 92.0 100.0
2010-Q4 105.4 106.4 95.6 102.0
2011-Q1 106.1 107.2 99.2 103.8
2011-Q2 107.2 108.1 103.4 105.7
2011-Q3 108.0 108.4 105.0 107.0
2011-Q4 108.0 107.7 105.5 107.1
2012-Q1 107.8 107.1 105.1 106.9
2012-Q2 107.2 106.5 105.2 106.2
2012-Q3 106.1 105.9 105.2 105.0
2012-Q4 105.8 104.9 104.7 105.2
2013-Q1 105.0 104.4 104.6 104.9
2013-Q2 104.3 103.6 104.2 104.5
2013-Q3 104.1 102.7 103.5 103.4
2013-Q4 104.0 102.8 102.9 103.3
2014-Q1 103.6 102.2 103.0 102.2
2014-Q2 103.2 102.4 102.6 101.6
2014-Q3 102.2 101.7 101.5 101.6
2014-Q4 100.9 100.2 101.2 100.3
2015-Q1 100.6 100.0 100.3 100.0
2015-Q2 99.9 99.9 99.8 99.7
2015-Q3 99.9 100.0 99.9 100.0
2015-Q4 99.8 100.4 100.1 99.9
2016-Q1 99.6 100.9 100.4 100.5
2016-Q2 99.5 100.6 101.4 100.9
2016-Q3 99.6 101.6 102.2 101.3
2016-Q4 100.2 101.7 103.0 101.6
2017-Q1 101.6 103.0 104.5 102.5
2017-Q2 102.3 103.3 106.1 103.1
2017-Q3 103.1 104.0 108.0 103.8
2017-Q4 103.3 104.2 108.8 104.4
2018-Q1 104.2 105.4 109.8 104.8
2018-Q2 104.4 106.0 111.2 105.6
2018-Q3 105.8 106.8 112.5 106.1
2018-Q4 105.9 107.7 113.8 107.7
2019-Q1 107.3 108.1 115.1 107.1
2019-Q2 108.3 108.7 116.7 106.6
2019-Q3 109.3 109.8 117.8 107.5

Second-hand dwellings price index in metropolitan France

  • Scope: France métropolitaine.
  • Sources: Insee, ADSN-BIEN-Grand Paris notaries, French notaries, Perval society.

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
2019 Q1 2019 Q2(sd) 2019 Q3(p) 2019 Q1 2019 Q2(sd) 2019 Q3(p)
Metropolitan France 0.6 0.7 1.0 3.0 3.1 3.2
Île-de-France 0.6 0.8 0.9 4.0 3.6 3.6
Provincial France 0.6 0.7 1.0 2.6 2.9 3.0
- Auvergne-Rhône-Alpes 1.9 0.5 ** 3.9 3.9 **
- Hauts-de-France 0.4 0.6 ** 2.0 2.1 **
- Provence-Alpes-Côte d'Azur 0.1 * ** 1.0 * **
Flats 1.2 1.2 0.9 3.8 4.3 4.0
Île-de-France 1.2 1.4 0.9 4.8 4.9 4.7
- Paris 1.6 1.7 1.0 6.6 6.3 6.1
- Immediate suburbs 1.1 1.2 1.2 4.4 4.6 4.5
- Outer suburbs 0.2 0.9 0.1 0.7 1.5 0.9
Provincial France 1.3 1.0 1.0 2.9 3.7 3.5
- Conurbation > 10 000 inhabitants 1.4 1.0 ** 3.1 3.9 **
* Central town 1.4 1.2 ** 3.3 4.3 **
* Suburb 1.3 0.6 ** 2.7 3.1 **
- Conurbation < 10 000 inhabitants 0.4 0.7 ** 1.3 2.1 **
- Auvergne-Rhône-Alpes 1.1 1.6 ** 3.7 5.1 **
* Lyon 3.4 3.2 ** 9.3 11.3 **
- Hauts-de-France 1.0 0.2 ** 3.1 1.9 **
- Provence-Alpes-Côte d'Azur 1.5 * ** 1.6 * **
* Marseille -0.9 * ** 0.2 * **
Houses 0.2 0.4 1.0 2.4 2.3 2.5
Île-de-France -0.6 -0.5 0.9 2.3 1.0 1.2
- Immediate suburbs -0.1 -0.9 0.7 5.0 2.1 1.8
- Outer suburbs -0.8 -0.3 1.0 1.0 0.4 0.9
Provincial France 0.3 0.6 1.0 2.5 2.6 2.8
- Auvergne-Rhône-Alpes 2.5 -0.5 ** 4.2 2.9 **
- Hauts-de-France 0.3 0.6 ** 1.8 2.1 **
* Conurbation of Lille 0.6 0.9 ** 4.6 3.8 **
- Provence-Alpes-Côte d'Azur -1.4 * ** 0.4 * **
  • ** index released on 6th of January 2020
  • * : the indexes for the second quarter of 2019 relating to the Provence-Alpes-Côte d'Azur region are not published on the 28th November.
  • Additional data (for example by department in Île-de-France) are available on the web page of the indicator
  • (p): provisional ; (sd): semi-definitive
  • Scope: Metropolitan France
  • Sources : Insee. ADSN – BIEN – Grand Paris notaries. French notaries. Perval society

The annual number of transactions remained high

In Q3 2019, the annual number of transactions remained at a high level: in September, it reached 1,059,000 on a yearly basis, which is higher than the one recorded one quarter earlier (1,015,000 at the end of June) and than the one recorded one year earlier (959,000).

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

Volume of transactions of second-hand dwellings over the last 12 months
Volume of transactions of second-hand dwellings over the last 12 months
2000-Q1 755
2000-Q2 768
2000-Q3 780
2000-Q4 793
2001-Q1 785
2001-Q2 789
2001-Q3 791
2001-Q4 784
2002-Q1 793
2002-Q2 799
2002-Q3 802
2002-Q4 811
2003-Q1 797
2003-Q2 793
2003-Q3 805
2003-Q4 813
2004-Q1 823
2004-Q2 835
2004-Q3 827
2004-Q4 822
2005-Q1 825
2005-Q2 815
2005-Q3 820
2005-Q4 828
2006-Q1 833
2006-Q2 835
2006-Q3 831
2006-Q4 820
2007-Q1 812
2007-Q2 821
2007-Q3 821
2007-Q4 810
2008-Q1 796
2008-Q2 758
2008-Q3 717
2008-Q4 674
2009-Q1 610
2009-Q2 578
2009-Q3 568
2009-Q4 595
2010-Q1 656
2010-Q2 699
2010-Q3 737
2010-Q4 776
2011-Q1 796
2011-Q2 807
2011-Q3 821
2011-Q4 801
2012-Q1 816
2012-Q2 781
2012-Q3 734
2012-Q4 708
2013-Q1 661
2013-Q2 677
2013-Q3 690
2013-Q4 720
2014-Q1 737
2014-Q2 736
2014-Q3 727
2014-Q4 694
2015-Q1 697
2015-Q2 715
2015-Q3 754
2015-Q4 798
2016-Q1 809
2016-Q2 819
2016-Q3 825
2016-Q4 845
2017-Q1 877
2017-Q2 917
2017-Q3 949
2017-Q4 964
2018-Q1 961
2018-Q2 956
2018-Q3 959
2018-Q4 965
2019-Q1 984
2019-Q2 1015
2019-Q3 1059

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

  • Scope: France (excluding Mayotte).
  • Sources: CGEDD, based on notarial databases and DGFiP (MEDOC).

Revisions

The second-hand housing price index is revised in order to include observations recorded after the previous publication.

In comparison with the results released on 30th September 2019, the change in prices in Q2 2019 in metropolitan France was revised downwards. The overall change in prices in Q2 2019 stood at +0.7% compared to Q1 2019, instead of +0.8%.

For further information

The calculation of indexes 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 indexes may be found in « Les indices Notaires-Insee de prix des logements anciens », Insee Méthodes n° 128 released in July 2014.

At the time for publication of this Informations Rapides, around 30 indexes for big cities are not yet available. Between two publications, at the middle-quarter, the Insee Macro-economic database (BDM) and the historical data available on the web page of the index are updated so as to incorporate this information and update the data previously released.

Next data update: 6th January 2020

Next issue: 27th February 2020, 8:45 AM

The calculation of indexes 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 indexes may be found in « Les indices Notaires-Insee de prix des logements anciens », Insee Méthodes n° 128 released in July 2014.

At the time for publication of this Informations Rapides, around 30 indexes for big cities are not yet available. Between two publications, at the middle-quarter, the Insee Macro-economic database (BDM) and the historical data available on the web page of the index are updated so as to incorporate this information and update the data previously released.

Next data update: 6th January 2020

Next issue: 27th February 2020, 8:45 AM


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