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.

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.

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.

The house price index for newly built homes in Mainland France declined in 2023, after peaking in the fourth quarter of 2022. In the third quarter of 2023, the index value amounted to 130 index points, an increase of 0.3 percent from the same period in 2022. The highest increase in home prices was observed in the fourth quarter of 2005 when prices rose by almost 13 percent. Meanwhile, prices for second-hand homes increased at a slightly faster rate. The index measures the development of prices for newly built homes, with 2015 chosen as a base year. An index value of 130 means that home prices rose by 30 percent since 2015.

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.

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.

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.

The average price of a single-family home in Metropolitan France rose in the third quarter of 2023, after dipping slightly in the previous three-month period. People interested in buying a new single-family house in were expected to pay on average approximately 352,942 euros in the third quarter of 2023. A year prior, the median house price was 340,824 euros, indicating an increase of approximately 12,000 euros. Despite the recent upward price movement, the house price index for new homes indicates a slowing pace.

Key information about France Nominal Residential Property Price Index Growth

• France Nominal Residential Property Price Index Growth was reported at -3.480 % in Sep 2024.
• This records an increase from the previous number of -4.556 % for Jun 2024.
• France Nominal Residential Property Price Index Growth data is updated quarterly, averaging 5.531 % from Mar 1971 to Sep 2024, with 215 observations.
• The data reached an all-time high of 21.125 % in Sep 1980 and a record low of -8.008 % in Jun 2009.
• France Nominal Residential Property Price Index Growth 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: YoY %.

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.

House Price Index YoY in France decreased by 3.50 percent in the third quarter of 2024 from -4.60 percent in the second quarter of 2024. This dataset includes a chart with historical data for France House Price Index YoY.

France FR: HPI: SD: Flats and Houses by Province data was reported at 103.400 1Q2010=100 in Mar 2018. This records an increase from the previous number of 103.000 1Q2010=100 for Dec 2017. France FR: HPI: SD: Flats and Houses by Province data is updated quarterly, averaging 98.200 1Q2010=100 from Dec 1994 (Median) to Mar 2018, with 94 observations. The data reached an all-time high of 109.000 1Q2010=100 in Dec 2007 and a record low of 40.200 1Q2010=100 in Mar 1995. France FR: HPI: SD: Flats and Houses by Province data remains active status in CEIC and is reported by French National Institute for Statistics and Economic Studies. The data is categorized under Global Database’s France – Table FR.EB003: House Price Index: 1Q2010=100. Rebased from 1Q2010=100 to 2015=100 Replacement series ID: 408304827

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.

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

France FR: Price to Rent Ratio: sa data was reported at 117.733 2015=100 in 2024. This records a decrease from the previous number of 125.602 2015=100 for 2023. France FR: Price to Rent Ratio: sa data is updated yearly, averaging 75.149 2015=100 from Dec 1970 (Median) to 2024, with 55 observations. The data reached an all-time high of 129.085 2015=100 in 2022 and a record low of 58.056 2015=100 in 1997. France FR: Price to Rent 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 rent price indices

France New Apartment Sold: Average Sales Price: 1 Room data was reported at 4,964.758 EUR/sq m in Sep 2018. This records an increase from the previous number of 4,880.574 EUR/sq m for Jun 2018. France New Apartment Sold: Average Sales Price: 1 Room data is updated quarterly, averaging 4,049.552 EUR/sq m from Dec 2000 (Median) to Sep 2018, with 72 observations. The data reached an all-time high of 5,033.561 EUR/sq m in Mar 2018 and a record low of 2,121.000 EUR/sq m in Mar 2001. France New Apartment Sold: Average Sales Price: 1 Room 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.P005: New Apartments: Sales Price.

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.

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.

FR: HPI: SD: Flats and Houses: Ile de France: Seine et Marne data was reported at 104.000 1Q2010=100 in Mar 2018. This records an increase from the previous number of 103.200 1Q2010=100 for Dec 2017. FR: HPI: SD: Flats and Houses: Ile de France: Seine et Marne data is updated quarterly, averaging 98.700 1Q2010=100 from Mar 1996 (Median) to Mar 2018, with 89 observations. The data reached an all-time high of 110.400 1Q2010=100 in Sep 2007 and a record low of 45.800 1Q2010=100 in Mar 1997. FR: HPI: SD: Flats and Houses: Ile de France: Seine et Marne data remains active status in CEIC and is reported by French National Institute for Statistics and Economic Studies. The data is categorized under Global Database’s France – Table FR.EB003: House Price Index: 1Q2010=100. Rebased from 1Q2010=100 to 2015=100 Replacement series ID: 408304907