Insee
Informations Rapides · 10 September 2024 · n° 224
Informations rapidesIn Q2 2024, prices of second-hand dwellings fell by 0,5% Notaries-INSEE second-hand dwellings price index - second quarter 2024

In Q2 2024, prices of second-hand dwellings in France (excluding Mayotte) fell again over a quarter, but at a slower pace: ‑0.5% (provisional seasonally adjusted results), after ‑1.5% in Q1 2024 and -1.8% in Q4 2023.

Over a year, prices declined for the fourth quarter in a row: ‑4.9% in Q2 2024, after ‑5.2% in Q1 2024 and ‑3.9% in Q4 2023. Prices fell by 5.0% for flats and by 4.9% for houses.

Informations rapides
No 224
Paru le :Paru le10/09/2024
Prochaine parution le : 28/11/2024 at 08:45 - third quarter 2024

In Q2 2024, prices of second-hand dwellings in France (excluding Mayotte) fell again over a quarter, but at a slower pace: ‑0.5% (provisional seasonally adjusted results), after ‑1.5% in Q1 2024 and -1.8% in Q4 2023.

Over a year, prices declined for the fourth quarter in a row: ‑4.9% in Q2 2024, after ‑5.2% in Q1 2024 and ‑3.9% in Q4 2023. Prices fell by 5.0% for flats and by 4.9% for houses.

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
2024-Q2 -5.0 -4.9 -4.9
2024-Q1 -5.5 -5.2 -4.9
2023-Q4 -4.1 -3.9 -3.8
2023-Q3 -2.0 -1.8 -1.6
2023-Q2 0.0 0.5 0.9
2023-Q1 2.1 2.7 3.0
2022-Q4 3.4 4.6 5.5
2022-Q3 4.1 6.4 8.1
2022-Q2 4.5 6.8 8.5
2022-Q1 4.7 7.3 9.1
2021-Q4 4.6 7.1 9.0
2021-Q3 5.3 7.5 9.0
2021-Q2 4.9 6.3 7.3
2021-Q1 5.1 6.0 6.6
2020-Q4 6.4 6.4 6.5
2020-Q3 6.6 5.2 4.3
2020-Q2 7.0 5.6 4.7
2020-Q1 6.4 4.9 3.9
2019-Q4 5.3 3.7 2.6
2019-Q3 4.0 3.2 2.5
2019-Q2 4.3 3.1 2.3
2019-Q1 3.8 3.0 2.5
2018-Q4 3.4 3.2 3.1
2018-Q3 3.4 2.9 2.6
2018-Q2 3.3 2.8 2.5
2018-Q1 3.8 2.9 2.3
2017-Q4 4.3 3.3 2.5
2017-Q3 4.5 3.2 2.4
2017-Q2 3.7 3.1 2.6
2017-Q1 3.0 2.5 2.1
2016-Q4 1.6 1.5 1.4
2016-Q3 1.0 1.3 1.5
2016-Q2 0.5 0.6 0.7
2016-Q1 -0.4 0.3 0.9
2015-Q4 -1.1 -0.4 0.2
2015-Q3 -2.0 -1.8 -1.6
2015-Q2 -3.0 -2.6 -2.4
2015-Q1 -2.8 -2.4 -2.1
2014-Q4 -2.4 -2.5 -2.6
2014-Q3 -2.0 -1.4 -1.0
2014-Q2 -1.3 -1.4 -1.4
2014-Q1 -1.4 -1.9 -2.2
2013-Q4 -1.8 -1.9 -2.0
2013-Q3 -1.7 -2.3 -2.8
2013-Q2 -1.9 -2.2 -2.5
2013-Q1 -1.5 -2.0 -2.4
2012-Q4 -1.4 -2.1 -2.6
2012-Q3 -0.8 -1.7 -2.3
2012-Q2 1.0 -0.3 -1.2
2012-Q1 3.8 1.8 0.4
2011-Q4 6.2 3.7 1.8
2011-Q3 8.8 6.2 4.2
2011-Q2 10.0 7.1 4.9
2011-Q1 9.5 7.1 5.3
  • Note: data for the last quarter are provisional.

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

  • Note: data for the last quarter are provisional.
  • Scope: France (excluding Mayotte).
  • Source: INSEE, French notaries - ADSN Group, Grand Paris notaries - PNS.

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
2023 Q4 (d) 2024 Q1 (d) 2024 Q2 (p) 2023 Q4 (d) 2024 Q1 (d) 2024 Q2 (p)
France -1.8 -1.5 -0.5 -3.9 -5.2 -4.9
Flats -1.8 -1.7 -0.4 -4.1 -5.5 -5.0
Houses -1.8 -1.5 -0.6 -3.8 -4.9 -4.9
  • (p): provisional; (d): definitive.
  • Scope: France (excluding Mayotte).
  • Source: INSEE, ADSN – BIEN – Grand Paris notaries, French notaries, Perval society.

In Île-de-France, the fall in second-hand dwelling prices eased

In Q2 2024, the prices of second-hand dwellings in Île-de-France fell over a quarter at a slower rate than in previous quarters: ‑0.9%, after ‑2.4% in Q1 2024 and ‑2.0% in Q4 2023. The fall was more marked for houses (‑1.4%) than for flats (‑0.7%), as in the previous quarter (‑2.8% for houses and ‑2.3% for flats). Flat prices continued to fall in Paris (‑0.9% in Q2 2024 after ‑2.4% in Q1 2024) and immediate suburbs (‑0.9% after ‑2.5%), whereas they where stable in the outer suburbs after five quarters of decline.

Over a year, prices of second-hand dwellings in Île-de-France continued to fall sharply in Q2 2024: ‑7.2%, after ‑8.1% in Q1 2024 and ‑6.9% in Q4 2023. They fell more for houses (‑8.0% after ‑8.3%) than for flats (‑6.7% after ‑7.9%). The year-on-year fall in flat prices continued to fall sharply in Paris (‑6.7% after ‑7.9%), immediate suburbs (‑7.4% after ‑8.4%) and the outer suburbs (‑5,5% after ‑7,0%).

In Provincial France, the prices of second-hand dwellings continued to fall

In Q2 2024, the fall in prices of second-hand dwellings in Provincial France eased: ‑0.4% after ‑1.3% in Q1 2024 and ‑1.8% in Q4 2023.

Over a year, the prices of second-hand dwellings fell: ‑4.3% in Q2 2024, as in the previous quarter. The decline in prices continue at the same rate for house (‑4.4% after ‑4.4%), as well as for flats (‑3.8% after ‑3.9%).

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
2024-Q2 130.8 129.6 116.1 113.4
2024-Q1 131.0 130.3 116.9 115.0
2023-Q4 132.7 132.0 119.6 118.2
2023-Q3 134.9 134.4 122.2 120.3
2023-Q2 136.0 135.7 124.4 123.2
2023-Q1 136.2 136.3 126.9 125.2
2022-Q4 135.4 136.4 128.5 126.9
2022-Q3 134.3 135.9 129.1 127.2
2022-Q2 132.3 133.9 129.0 125.5
2022-Q1 130.1 131.7 128.6 124.5
2021-Q4 128.3 128.8 127.6 122.5
2021-Q3 125.4 125.2 128.7 120.6
2021-Q2 123.1 122.7 127.9 118.7
2021-Q1 120.6 119.8 127.4 117.5
2020-Q4 118.7 117.7 127.5 115.4
2020-Q3 116.5 114.4 125.7 112.5
2020-Q2 115.2 114.1 125.2 112.0
2020-Q1 113.4 112.5 123.0 109.7
2019-Q4 111.2 110.7 120.4 108.1
2019-Q3 109.4 109.9 118.2 107.9
2019-Q2 108.1 108.9 116.7 106.9
2019-Q1 107.0 108.0 115.2 106.3
2018-Q4 106.0 107.5 113.7 107.2
2018-Q3 105.8 106.9 112.6 106.2
2018-Q2 104.2 106.1 111.1 105.9
2018-Q1 104.1 105.4 109.8 105.0
2017-Q4 103.3 104.2 108.8 104.4
2017-Q3 103.1 104.0 108.0 103.8
2017-Q2 102.3 103.3 106.1 103.1
2017-Q1 101.6 103.0 104.5 102.5
2016-Q4 100.2 101.7 103.0 101.6
2016-Q3 99.6 101.6 102.2 101.3
2016-Q2 99.5 100.6 101.4 100.9
2016-Q1 99.6 100.9 100.4 100.5
2015-Q4 99.8 100.4 100.1 99.9
2015-Q3 99.9 100.0 99.9 100.0
2015-Q2 99.9 99.9 99.8 99.7
2015-Q1 100.6 100.0 100.3 100.0
2014-Q4 100.9 100.2 101.2 100.3
2014-Q3 102.2 101.7 101.5 101.6
2014-Q2 103.2 102.4 102.6 101.6
2014-Q1 103.6 102.2 103.0 102.2
2013-Q4 104.0 102.8 102.9 103.3
2013-Q3 104.1 102.7 103.5 103.4
2013-Q2 104.3 103.6 104.2 104.5
2013-Q1 105.0 104.4 104.6 104.9
2012-Q4 105.8 104.9 104.7 105.2
2012-Q3 106.1 105.9 105.2 105.0
2012-Q2 107.2 106.5 105.2 106.2
2012-Q1 107.8 107.1 105.1 106.9
2011-Q4 108.0 107.7 105.5 107.1
2011-Q3 108.0 108.4 105.0 107.0
2011-Q2 107.2 108.1 103.4 105.7
2011-Q1 106.1 107.2 99.2 103.8
2010-Q4 105.4 106.4 95.6 102.0
2010-Q3 103.9 104.7 92.0 100.0
2010-Q2 102.4 103.6 89.4 98.8
2010-Q1 101.0 102.4 86.8 97.2
2009-Q4 99.3 100.9 84.1 93.8
2009-Q3 98.3 99.9 82.7 93.2
2009-Q2 98.0 100.0 82.3 92.8
2009-Q1 99.5 101.9 84.7 95.8
2008-Q4 102.3 105.2 87.6 101.0
2008-Q3 104.8 108.9 89.0 104.4
2008-Q2 106.4 110.3 89.2 105.9
2008-Q1 106.7 111.3 88.4 105.9
2007-Q4 106.3 110.9 87.6 106.3
2007-Q3 104.8 109.6 85.4 105.0
2007-Q2 103.6 108.6 84.0 104.5
2007-Q1 102.7 107.2 82.6 103.5
2006-Q4 101.9 105.9 81.0 100.7
2006-Q3 100.0 103.8 79.5 99.5
2006-Q2 97.6 101.9 78.0 97.5
2006-Q1 95.3 99.5 75.8 95.0
2005-Q4 92.1 96.8 73.5 91.8
2005-Q3 89.0 94.3 71.5 88.4
2005-Q2 86.1 91.2 68.6 85.4
2005-Q1 82.5 88.4 66.2 82.1
2004-Q4 79.5 85.3 63.8 79.4
2004-Q3 76.2 82.2 61.4 77.0
2004-Q2 73.0 79.5 59.4 74.1
2004-Q1 70.3 77.1 57.2 72.0
2003-Q4 66.6 74.6 55.1 69.7
2003-Q3 64.4 72.3 53.3 66.8
2003-Q2 62.0 70.4 51.9 65.0
2003-Q1 59.7 68.5 50.3 63.5
2002-Q4 58.0 67.0 48.8 62.2
2002-Q3 56.2 65.2 47.4 61.4
2002-Q2 54.3 63.4 46.1 60.1
2002-Q1 52.8 62.0 44.8 58.8
2001-Q4 51.8 60.7 44.2 58.5
2001-Q3 50.5 59.6 43.5 58.0
2001-Q2 50.0 58.6 42.5 57.5
2001-Q1 48.9 57.3 41.9 55.8
2000-Q4 47.8 56.1 40.9 54.8
2000-Q3 47.3 55.2 40.3 54.1
2000-Q2 46.4 54.0 39.4 52.9
2000-Q1 45.7 53.1 38.4 52.2
  • Note: data for the last quarter are provisional.

Second-hand dwellings price index in metropolitan France

  • Note: data for the last quarter are provisional.
  • Scope: Metropolitan France.
  • Source: INSEE, French notaries - ADSN Group, Grand Paris notaries - PNS.

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
2023 Q4 (d) 2024 Q1 (d) 2024 Q2 (p) 2023 Q4 (d) 2024 Q1 (d) 2024 Q2 (p)
Metropolitan France -1.8 -1.6 -0.5 -3.9 -5.2 -5.0
Île-de-France -2.0 -2.4 -0.9 -6.9 -8.1 -7.2
Provincial France -1.8 -1.3 -0.4 -2.9 -4.3 -4.3
- Auvergne-Rhône-Alpes -2.0 -1.5 -0.5 -4.0 -5.2 -5.0
- Hauts-de-France -1.3 -2.0 0.4 -4.3 -5.3 -4.2
- Provence-Alpes-Côte d'Azur -1.2 -0.8 -0.5 -0.6 -1.9 -2.8
Flats -1.8 -1.7 -0.4 -4.1 -5.5 -5.0
Île-de-France -2.1 -2.3 -0.7 -7.0 -7.9 -6.7
- Paris -2.1 -2.4 -0.9 -6.9 -7.9 -6.7
- Immediate suburbs -2.1 -2.5 -0.9 -7.5 -8.4 -7.4
- Outer suburbs -2.1 -1.5 0.0 -6.2 -7.0 -5.5
Provincial France -1.6 -1.3 -0.2 -2.0 -3.9 -3.8
- Conurbation > 10 000 inhabitants -1.7 -1.3 -0.3 -2.4 -4.2 -4.1
* Central town -2,0 -1,2 -0,3 -3,2 -4,7 -4,6
* Suburb -1,2 -1,4 -0,2 -1,1 -3,2 -3,3
- Conurbation < 10 000 inhabitants -0.9 -1.4 0.7 1.4 -1.0 -1.1
- Auvergne-Rhône-Alpes -1.7 -1.8 -0.8 -3.4 -5.1 -5.4
* Lyon -3.0 -2.2 -1.6 -9.3 -9.8 -9.1
- Hauts-de-France -1.2 -2.6 0.9 -0.8 -4.9 -2.4
- Provence-Alpes-Côte d'Azur -0.9 -1.2 0.8 1.0 -1.2 -1.4
* Marseille -2.6 -1.7 0.9 -3.3 -5.8 -4.3
Houses -1.8 -1.5 -0.6 -3.8 -5.0 -4.9
Île-de-France -1.7 -2.8 -1.4 -6.8 -8.3 -8.0
- Immediate suburbs -0.6 -4.0 -1.8 -5.7 -8.5 -8.5
- Outer suburbs -2.2 -2.2 -1.1 -7.3 -8.2 -7.8
Provincial France -1.8 -1.2 -0.5 -3.3 -4.4 -4.4
- Auvergne-Rhône-Alpes -2.3 -1.3 -0.3 -4.5 -5.3 -4.7
- Hauts-de-France -1.4 -1.9 0.3 -5.0 -5.4 -4.5
* Conurbation of Lille -0.2 -3.2 1.5 -5.2 -7.1 -4.6
- Provence-Alpes-Côte d'Azur -1.4 -0.5 -1.7 -2.1 -2.4 -4.1
  • Additional data (for example by department in Île-de-France) are available by consulting the time series of the indicator.
  • (p): provisional; (d): definitive.
  • Scope: Metropolitan France.
  • Source: INSEE, ADSN – BIEN – Grand Paris notaries. French notaries. Perval society.

The annual number of transactions continued to fall

At the end of June 2024, the annual number of transactions over the last twelve months was estimated at 792,000, after 825,000 at the end of March 2024 and 872,000 at the end of December 2023. The annual volume of transactions kept falling since the end of September 2021. The proportion of transactions concerned 2.1% of the dwelling stock, decreasing since its high point in Q3 2021 (3.2%), and is now below the level of the early 2000s, before the economics crisis of 2008.

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
2024-Q2 792
2024-Q1 825
2023-Q4 872
2023-Q3 935
2023-Q2 1005
2023-Q1 1073
2022-Q4 1116
2022-Q3 1137
2022-Q2 1161
2022-Q1 1178
2021-Q4 1176
2021-Q3 1202
2021-Q2 1152
2021-Q1 1078
2020-Q4 1025
2020-Q3 993
2020-Q2 1015
2020-Q1 1047
2019-Q4 1077
2019-Q3 1053
2019-Q2 1025
2019-Q1 992
2018-Q4 974
2018-Q3 964
2018-Q2 958
2018-Q1 962
2017-Q4 964
2017-Q3 949
2017-Q2 917
2017-Q1 876
2016-Q4 843
2016-Q3 824
2016-Q2 817
2016-Q1 807
2015-Q4 795
2015-Q3 750
2015-Q2 710
2015-Q1 691
2014-Q4 689
2014-Q3 722
2014-Q2 733
2014-Q1 733
2013-Q4 716
2013-Q3 687
2013-Q2 675
2013-Q1 661
2012-Q4 708
2012-Q3 734
2012-Q2 781
2012-Q1 816
2011-Q4 801
2011-Q3 821
2011-Q2 807
2011-Q1 796
2010-Q4 776
2010-Q3 737
2010-Q2 699
2010-Q1 656
2009-Q4 595
2009-Q3 568
2009-Q2 578
2009-Q1 610
2008-Q4 674
2008-Q3 717
2008-Q2 758
2008-Q1 796
2007-Q4 810
2007-Q3 821
2007-Q2 822
2007-Q1 813
2006-Q4 821
2006-Q3 832
2006-Q2 836
2006-Q1 834
2005-Q4 829
2005-Q3 821
2005-Q2 816
2005-Q1 826
2004-Q4 823
2004-Q3 827
2004-Q2 836
2004-Q1 824
2003-Q4 814
2003-Q3 806
2003-Q2 794
2003-Q1 798
2002-Q4 811
2002-Q3 803
2002-Q2 799
2002-Q1 793
2001-Q4 784
2001-Q3 791
2001-Q2 789
2001-Q1 785
2000-Q4 793
2000-Q3 780
2000-Q2 768
2000-Q1 755
  • Note: data for the last quarter are provisional.

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

  • Note: data for the last quarter are provisional.
  • Scope: France (excluding Mayotte).
  • Source: IGEDD and INSEE, based on notarial databases and DGFiP (MEDOC).

Revisions

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

In comparison with the results released on 28 May 2024, the quarterly change in prices of second-hand dwellings in France (excluding Mayotte) in Q1 2024 has been revised downwards by 0,1 points (‑1,5% instead of ‑1,6%).

In addition, as every year in Q2, the models used to calculate seasonal adjustments are updated, which may lead to revisions of indicators over several years.

For further information

Notaries-INSEE second-hand dwellings price index

The calculation of indices is based on the transactions completed over 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 indices may be found in the “Documentation” tab of the digital version of this publication.

Next issue: 28 November 2024 at 8:45 am.

Pour en savoir plus

Notaries-INSEE second-hand dwellings price index

The calculation of indices is based on the transactions completed over 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 indices may be found in the “Documentation” tab of the digital version of this publication.

Next issue: 28 November 2024 at 8:45 am.

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