The financial crisis in 2008 led to steep declines in the hose price in France, followed by some large increases. In 2022, the French property market contracted again, with the inflation-adjusted home price declining by 1.28 percent in the fourth quarter of the year. Despite home prices continuing to increase in real terms, in the second quarter of 2022, the inflation-adjusted price change reached a negative 4.28 percent.

Graph and download economic data for Residential Property Prices for France (QFRN628BIS) from Q1 1970 to Q3 2024 about France, residential, HPI, housing, price index, indexes, and price.

Housing Index in France increased to 127.61 points in the third quarter of 2024 from 125.68 points in the second quarter of 2024. This dataset provides the latest reported value for - France House Price Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Paris, Lyon, and Bordeaux are the most expensive cities for residential real estate in France. In Paris, the average square meter price of an apartment was over 9,000 euros in October 2024, while the price for a house was even higher. Apartment prices in Paris went as high as 15,000 euros, depending on the arrondissement.

The average price per square meter of properties in France as of December 2023 was higher for apartments than for houses. The price for apartments at the upper price point cost approximately 8,270 euros per square meter, while for houses it amounted to 4,350 euros per square meter.

The house price index in France declined in 2023, after peaking in 2022. In the third quarter of 2023, the index value was 132.3, down from 134.3 index points in the same period a year ago. The index was set to 100 in 2015, which means that by the third quarter of 2023, house prices had increased by over 32 percent.

Key information about France Nominal Residential Property Price Index

• France Nominal Residential Property Price Index was reported at 127.888 2010=100 in Sep 2024.
• This records an increase from the previous number of 125.984 2010=100 for Jun 2024.
• France Nominal Residential Property Price Index data is updated quarterly, averaging 42.824 2010=100 from Mar 1970 to Sep 2024, with 219 observations.
• The data reached an all-time high of 134.603 2010=100 in Sep 2022 and a record low of 6.112 2010=100 in Mar 1970.
• France Nominal Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Nominal Residential Property Price Index: 2010=100: Quarterly.

House prices growth in France is expected to slow down until 2023, according to a July 2022 forecast by the banking group Groupe BCPE. In 2021, the average house price increased by over seven percent. In 2022, this figure is set to decrease to four percent and in 2023, house prices are expected to fall by three percent. Some of the factors cited by the source are the worsening economic conditions, rising interest rates, and the energy transition. About 4.8 million homes in France have an energy performance F or G which are likely to face additional renovation costs to be rented. From 2023 onwards, properties with these scores can no longer be rented and to be sold, the owner needs to perform an energy audit. This, along with more regulations to come in force in the coming years, is likely to impact the price development for vintage properties.

The Report Covers French Insurance Companies and It is Segmented by Policy Type (Car Insurance - Personal and Commercial, Condo Insurance, Homeowner Insurance, Renters Insurance, Others) and by Distribution Channel (Direct, Banks, Agents, Brokers, and Others). The Report Offers the Market Sizes and Forecasts in Value (USD) for all the Above Segments.

New Houses Sold: Average Sales Price: Region: Paris-Isle-of France data was reported at 314.918 EUR th in Sep 2018. This records a decrease from the previous number of 328.994 EUR th for Jun 2018. New Houses Sold: Average Sales Price: Region: Paris-Isle-of France data is updated quarterly, averaging 322.387 EUR th from Dec 2001 (Median) to Sep 2018, with 68 observations. The data reached an all-time high of 379.266 EUR th in Mar 2008 and a record low of 214.700 EUR th in Mar 2002. New Houses Sold: Average Sales Price: Region: Paris-Isle-of France data remains active status in CEIC and is reported by Ministry of Ecology, Sustainable Development and Energy. The data is categorized under Global Database’s France – Table FR.P004: New Houses: Sales Price.

France Luxury Residential Real Estate Market is segmented by Type (Apartments and Condominiums, Villas and Landed Houses), and by Key Cities (Paris, Nantes, Lyon and Other Cities). The report offers market size and forecast values (USD billion) for all the above segments.

The house price to income ratio in Francedecreased by 8.3 index points in the second quarter of 2023, compared to the same period the previous year, reflecting a slowdown in the housing market. In 2023, the house price to income ratio amounted to 104.5 index points. The ratio is calculated by dividing nominal house prices by disposable income per head, with the index value of 100 in 2015. A ratio of 110 index points shows that house prices have grown 10 percent faster than income since 2015.

In 2023, the France Real Estate Market reached a value of USD 493.6 million, and it is projected to surge to USD 598.9 million by 2030.

The house price index for second-hand homes in Mainland France declined in 2023, after peaking in the third quarter of 2022. In the third quarter of 2023, the index value amounted to 132.7 index points, a decline of 1.8 percent from the same period in 2022. Meanwhile, the index for new housing increased at a slightly slower rate. The index measures the development of prices for existing homes, with 2015 chosen as a base year. An index value of 130 means that home prices rose by 30 percent since 2015.

Real residential property prices Y-on-Y, percent change in France, September, 2024 The most recent value is -5.13 percent as of Q3 2024, an increase compared to the previous value of -6.62 percent. Historically, the average for France from Q1 1990 to Q3 2024 is 1.85 percent. The minimum of -7.82 percent was recorded in Q2 2009, while the maximum of 13.46 percent was reached in Q2 2005. | TheGlobalEconomy.com

The median selling price of old houses in France was the highest in Nice municipality, followed by Paris and Toulon in 2023. In Nice, the median house sold for 597,700 euros, while in Paris, the price was 471,400 euros. According to the house price index for second-hand housing, house prices nationally decreased slightly in 2023.

France Facility Management Market size was valued at USD 73.6 Billion in 2024 and is projected to reach USD 112.3 Billion by 2032, growing at a CAGR of 5.8% from 2025 to 2032.

Key Market Drivers:
Focus on Sustainability: According to the French Environment and Energy Management Agency (ADEME), more than 60% of commercial property managers in France are focusing on decreasing energy usage and implementing green building solutions, which is driving up demand for facility management services.
Growth of Commercial Real Estate: According to INSEE, the French commercial real estate market will expand by 7.1% in 2023, increasing the demand for efficient building operations, maintenance and facility management services. Also, the demand for facility management services grows in tandem with the expansion of commercial real estate.

Graph and download economic data for Harmonized Index of Consumer Prices: Actual Rentals for Housing for France (CP0410FRM086NEST) from Jan 1996 to Feb 2025 about France, harmonized, rent, CPI, housing, price index, indexes, and price.

France FR: Standardised Price-Income Ratio: sa data was reported at 107.544 Ratio in 2024. This records a decrease from the previous number of 116.872 Ratio for 2023. France FR: Standardised Price-Income Ratio: sa data is updated yearly, averaging 92.481 Ratio from Dec 1978 (Median) to 2024, with 47 observations. The data reached an all-time high of 126.865 Ratio in 2022 and a record low of 71.464 Ratio in 1998. France FR: Standardised Price-Income Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s France – Table FR.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Annual. Nominal house prices divided by nominal disposable income per head. Net household disposable income is used. The population data come from the OECD national accounts database. The long-term average is calculated over the whole period available when the indicator begins after 1980 or after 1980 if the indicator is longer. This value is used as a reference value. The ratio is calculated by dividing the indicator source on this long-term average, and indexed to a reference value equal to 100.

France Property and Casualty Insurance: Direct Premium Written: Miscellaneous data was reported at 6,900.000 EUR mn in 2017. This records an increase from the previous number of 6,500.000 EUR mn for 2016. France Property and Casualty Insurance: Direct Premium Written: Miscellaneous data is updated yearly, averaging 3,700.000 EUR mn from Dec 1993 (Median) to 2017, with 25 observations. The data reached an all-time high of 6,900.000 EUR mn in 2017 and a record low of 1,900.000 EUR mn in 1993. France Property and Casualty Insurance: Direct Premium Written: Miscellaneous data remains active status in CEIC and is reported by French Federation of Insurance Companies. The data is categorized under Global Database’s France – Table FR.RG006: Non Life Insurance: Property and Casualty: Premium.