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.

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.

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 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 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.

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.

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 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.

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

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.

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.

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 of residential properties in Marseille in 2024, was the highest in the 7th arrondissement, followed by the 8th arrondissement. In January that year, the square meter price in both arrondissements exceeded 5,000 euros. Overall, it was twice more affordable to buy and apartment in Marseille than in Paris.

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.

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.

France New Houses Sold: Average Sales Price data was reported at 259.174 EUR th in Sep 2018. This records a decrease from the previous number of 261.337 EUR th for Jun 2018. France New Houses Sold: Average Sales Price data is updated quarterly, averaging 245.964 EUR th from Dec 2000 (Median) to Sep 2018, with 72 observations. The data reached an all-time high of 271.383 EUR th in Dec 2017 and a record low of 152.300 EUR th in Sep 2001. France New Houses Sold: Average Sales Price 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.