Informations Rapides ·
10 September 2024 · n° 224In 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.
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.
tableauVariation 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.
graphiqueVariation in prices of second-hand dwellings in France over a year
tableauVariation 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%).
tableauSecond-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.
graphiqueSecond-hand dwellings price index in metropolitan France
tableauVariation 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.
tableauVolume 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.
graphiqueVolume of transactions of second-hand dwellings over the last 12 months
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.