Insee
Informations Rapides · 29 September 2023 · n° 254
Informations rapidesIn Q2 2023, house prices fell by 0.7% House price index - second quarter 2023

In Q2 2023, the house prices of metropolitan France fell by 0.7% compared to the previous quarter (provisional seasonally-adjusted data), after a near stability in Q1 2023 (-0.1%). Prices of new dwellings fell back (-0.2% compared with the previous quarter, after +0.2%), while the fall in prices of second-hand dwellings intensified (-0.8%, after -0.2% in the previous quarter).

Year on year, house prices slowed down sharply (+0.7% in Q2 2023 after +2.9% in Q1 2023 and +4.8% in Q4 2022). For the fourth quarter in a row, prices of second-hand dwellings increased over the year more slowly (+0.5%) than those of new dwellings (+1.8%).

Informations rapides
No 254
Paru le :Paru le29/09/2023
Prochaine parution le : 21/06/2024 at 12:00 - first quarter 2024
Warning

With effect from the publication of Q2 2023, and in accordance with European recommendations, the seasonally-adjusted price index for new and second-hand dwellings is calculated as the weighted average (by transaction values) of the Notaires-Insee seasonally-adjusted price index for second-hand dwellings and the seasonally-adjusted price index for new dwellings.

This change has no effect on historical data other than to slightly modify the series of the seasonally-adjusted price index for new and second-hand dwellings, without altering long-term trends.

House prices fell in Q2 2023

In Q2 2023, the house prices of metropolitan France fell by 0.7% compared to the previous quarter (provisional seasonally-adjusted data), after a near stability in Q1 2023 (-0.1%). Prices of new dwellings fell back (-0.2% compared with the previous quarter, after +0.2%), while the fall in prices of second-hand dwellings intensified (-0.8%, after -0.2% in the previous quarter).

Year on year, house prices slowed down sharply (+0.7% in Q2 2023 after +2.9% in Q1 2023 and +4.8% in Q4 2022). For the fourth quarter in a row, prices of second-hand dwellings increased over the year more slowly (+0.5%) than those of new dwellings (+1.8%).

House price index (Base 100: 2015)

House price index (Base 100: 2015)
Weights 2023 (%) Index 2023 Q2 (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 100.0 132.4 -0.7 0.7
- new dwellings 11.8 130.1 -0.2 1.8
- second-hand dwellings 88.2 132.7 -0.8 0.5
  • (p) provisional data, (SA data) seasonally adjusted
  • Scope: metropolitan France.
  • Sources: INSEE, SDES, French notaries – ADSN Group, Grand Paris notaries – PNS

New and second-hand dwellings price index in metropolitan France

New and second-hand dwellings price index in metropolitan France
New and second-hand dwellings New dwellings
2023-Q2 132.4 130.1
2023-Q1 133.3 130.4
2022-Q4 133.5 130.1
2022-Q3 133.3 130.4
2022-Q2 131.5 127.8
2022-Q1 129.4 123.9
2021-Q4 127.5 123.8
2021-Q3 125.2 122.1
2021-Q2 123.1 120.2
2021-Q1 121.0 118.8
2020-Q4 119.3 117.1
2020-Q3 116.9 116.6
2020-Q2 116.0 114.5
2020-Q1 114.6 115.1
2019-Q4 112.7 114.1
2019-Q3 111.5 112.8
2019-Q2 110.3 111.9
2019-Q1 109.2 110.3
2018-Q4 108.5 109.4
2018-Q3 107.8 108.3
2018-Q2 106.8 108.0
2018-Q1 106.2 107.4
2017-Q4 105.3 106.9
2017-Q3 104.8 105.9
2017-Q2 103.9 105.4
2017-Q1 103.2 104.7
2016-Q4 101.8 103.1
2016-Q3 101.5 102.8
2016-Q2 100.6 101.1
2016-Q1 100.4 100.4
2015-Q4 100.2 100.3
2015-Q3 100.0 100.4
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 101.9 97.7
2014-Q1 102.1 98.4
2013-Q4 102.5 98.6
2013-Q3 102.6 98.6
2013-Q2 103.1 97.7
2013-Q1 103.7 97.8
2012-Q4 104.1 97.5
2012-Q3 104.7 98.1
2012-Q2 105.4 99.1
2012-Q1 105.8 99.4
2011-Q4 106.1 100.0
2011-Q3 106.2 99.8
2011-Q2 105.4 98.8
2011-Q1 103.8 98.0
2010-Q4 102.0 96.5
2010-Q3 100.0 94.8
2010-Q2 98.6 94.0
2010-Q1 97.1 93.1
2009-Q4 95.6 93.0
2009-Q3 94.6 92.2
2009-Q2 94.4 91.6
2009-Q1 96.1 91.3
2008-Q4 98.7 91.1
2008-Q3 101.3 92.0
2008-Q2 102.4 92.8
2008-Q1 102.5 91.8
2007-Q4 102.0 91.3
2007-Q3 100.7 91.5
2007-Q2 99.5 89.8
2007-Q1 98.4 89.2
2006-Q4 97.3 88.1
2006-Q3 95.5 86.6
2006-Q2 93.6 85.4
2006-Q1 91.4 83.6
2005-Q4 88.9 82.3
2005-Q3 86.3 80.1
2005-Q2 83.4 77.8
2005-Q1 80.5 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 63.4 63.4
2003-Q1 61.6 62.2
2002-Q4 60.0 60.8
2002-Q3 58.5 59.6
2002-Q2 57.0 58.8
2002-Q1 55.6 57.7
2001-Q4 54.8 56.8
2001-Q3 53.7 55.1
2001-Q2 52.9 54.6
2001-Q1 51.9 53.9
2000-Q4 50.9 53.6
2000-Q3 50.2 53.2
2000-Q2 49.2 52.4
2000-Q1 48.4 51.8

New 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

In metropolitan France, the quarterly variation in prices of second-hand dwellings in Q1 2023 has not been revised (-0.2% after rounding), while new dwellings has been revised upwards by 0.4 points (+0.2% instead of -0.2%). All in all, the quarter-on-quarter variation of housing prices in Q1 2023 has been slightly revised upwards by 0.1 points (-0.1% instead of -0.2%).

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: 22 December 2023 at 12:00 pm.

Documentation

Methodology (pdf,82 Ko)

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: 22 December 2023 at 12:00 pm.

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