1 July 2019
2019- n° 136In Q1 2019, prices of second-hand dwellings continued to grow Notaries-INSEE second-hand dwellings price index - first quarter 2019
1 July 2019: The file of additional data has been updated compared to the publication of 23 May 2019.
In Q1 2019, prices of second-hand dwellings in France (excluding Mayotte) were still increasing: +0.7% as compared to Q4 2018 (provisional seasonally adjusted results), at the same level as in the previous quarter.
In Q1 2019, prices of second-hand dwellings in France (excluding Mayotte) were still increasing: +0.7% as compared to Q4 2018 (provisional seasonally adjusted results), at the same level as in the previous quarter.
Over a year, the rise of prices barely slowed down: +3.0%, after +3.2%. As observed since the end of 2016, this increase was more important for flats (+3.7% over the year) than for houses (+2.5%).
tableauVariation in prices of second-hand dwellings in France over a year
| France - flats | France | France - houses | |
|---|---|---|---|
| 2011-Q1 | 9.5 | 7.1 | 5.3 |
| 2011-Q2 | 10.0 | 7.1 | 4.9 |
| 2011-Q3 | 8.8 | 6.2 | 4.2 |
| 2011-Q4 | 6.2 | 3.7 | 1.8 |
| 2012-Q1 | 3.8 | 1.8 | 0.4 |
| 2012-Q2 | 1.0 | -0.3 | -1.2 |
| 2012-Q3 | -0.8 | -1.7 | -2.3 |
| 2012-Q4 | -1.4 | -2.1 | -2.6 |
| 2013-Q1 | -1.5 | -2.0 | -2.4 |
| 2013-Q2 | -1.9 | -2.2 | -2.5 |
| 2013-Q3 | -1.7 | -2.3 | -2.8 |
| 2013-Q4 | -1.8 | -1.9 | -2.0 |
| 2014-Q1 | -1.4 | -1.9 | -2.2 |
| 2014-Q2 | -1.3 | -1.4 | -1.4 |
| 2014-Q3 | -2.0 | -1.4 | -1.0 |
| 2014-Q4 | -2.4 | -2.5 | -2.6 |
| 2015-Q1 | -2.8 | -2.4 | -2.1 |
| 2015-Q2 | -3.0 | -2.6 | -2.4 |
| 2015-Q3 | -2.0 | -1.8 | -1.6 |
| 2015-Q4 | -1.1 | -0.4 | 0.2 |
| 2016-Q1 | -0.4 | 0.3 | 0.9 |
| 2016-Q2 | 0.5 | 0.6 | 0.7 |
| 2016-Q3 | 1.0 | 1.3 | 1.5 |
| 2016-Q4 | 1.6 | 1.5 | 1.4 |
| 2017-Q1 | 3.0 | 2.5 | 2.1 |
| 2017-Q2 | 3.7 | 3.1 | 2.6 |
| 2017-Q3 | 4.5 | 3.2 | 2.4 |
| 2017-Q4 | 4.3 | 3.3 | 2.5 |
| 2018-Q1 | 3.8 | 2.9 | 2.3 |
| 2018-Q2 | 3.3 | 2.8 | 2.5 |
| 2018-Q3 | 3.3 | 2.9 | 2.6 |
| 2018-Q4 | 3.4 | 3.2 | 3.1 |
| 2019-Q1 | 3.7 | 3.0 | 2.5 |
graphiqueVariation in prices of second-hand dwellings in France over a year
- Scope: France (excluding Mayotte)
- Sources: Insee, ADSN-BIEN-Grand Paris notaries, French notaries, Perval society
tableauVariation in prices of second-hand dwellings in France
| Change in (%) | ||||||
|---|---|---|---|---|---|---|
| 3 months (S.A.) | 12 months | |||||
| 2018 Q3 | 2018 Q4(sd) | 2019 Q1(p) | 2018 Q3 | 2018 Q4(sd) | 2019 Q1(p) | |
| France | 1.0 | 0.7 | 0.7 | 2.9 | 3.2 | 3.0 |
| Flats | 1.4 | 0.5 | 1.0 | 3.4 | 3.4 | 3.7 |
| Houses | 0.8 | 0.8 | 0.5 | 2.6 | 3.1 | 2.5 |
- (p): provisional; (sd): semi-definitive
- Scope: France (excluding Mayotte)
- Sources: Insee, ADSN – BIEN – Grand Paris notaries, French notaries, Perval society
In Île-de-France, prices of second-hand dwellings stayed dynamic
In Q1 2019, prices of second-hand dwellings’ price in Île-de-France slowed down: +0.4% as compared to Q4 2018, after +1.3%.
Year on year, prices were still increasing at a sustained pace: +3.9% between Q1 2018 and Q1 2019, after +4.2% and +3.5%. Flats’ prices increased by 4.6% over the year while houses’ prices increased by 2.4%. Prices in inner Paris kept on driving flats’ prices: +6.4% over the year in Q1 2019, after +5.7% in Q4 2018 and +6.2% in Q3 2018. Excluding Paris, the annual rise in Île-de-France was +2,7 % in Q1 2019.
Prices keeping on increasingfor second-hand dwellings in provincial France
In Q1 2019, prices of second-hand dwelling in provincial France increased by 0.8% as compared to the previous quarter, after +0.5%.
Over one year, prices increased almost at the same pace than previously: +2.6% between Q1 2018 and Q1 2019, after +2.8% in 2018 and 2.7% in 2019. This increase was close to the one observed in the Île-de-France without Paris. Contrary to what was observed at the end of 2018, the annual rise in provincial France was at the beginning of 2019 more important for flats (+2.8%) than for houses (+2.5%).
tableauPrices of second-hand dwellings in metropolitan France
| Province - flats | Province - houses | Île-de-France - flats | Île-de-France - houses | |
|---|---|---|---|---|
| 2000-Q1 | 45.7 | 53.1 | 38.4 | 52.2 |
| 2000-Q2 | 46.4 | 54.0 | 39.4 | 52.9 |
| 2000-Q3 | 47.3 | 55.2 | 40.3 | 54.1 |
| 2000-Q4 | 47.8 | 56.1 | 40.9 | 54.8 |
| 2001-Q1 | 48.9 | 57.3 | 41.9 | 55.8 |
| 2001-Q2 | 50.0 | 58.6 | 42.5 | 57.5 |
| 2001-Q3 | 50.5 | 59.6 | 43.5 | 58.0 |
| 2001-Q4 | 51.8 | 60.7 | 44.2 | 58.5 |
| 2002-Q1 | 52.8 | 62.0 | 44.8 | 58.8 |
| 2002-Q2 | 54.3 | 63.4 | 46.1 | 60.1 |
| 2002-Q3 | 56.2 | 65.2 | 47.4 | 61.4 |
| 2002-Q4 | 58.0 | 67.0 | 48.8 | 62.2 |
| 2003-Q1 | 59.7 | 68.5 | 50.3 | 63.5 |
| 2003-Q2 | 62.0 | 70.4 | 51.9 | 65.0 |
| 2003-Q3 | 64.4 | 72.3 | 53.3 | 66.8 |
| 2003-Q4 | 66.6 | 74.6 | 55.1 | 69.7 |
| 2004-Q1 | 70.3 | 77.1 | 57.2 | 72.0 |
| 2004-Q2 | 73.0 | 79.5 | 59.4 | 74.1 |
| 2004-Q3 | 76.2 | 82.2 | 61.4 | 77.0 |
| 2004-Q4 | 79.5 | 85.3 | 63.8 | 79.4 |
| 2005-Q1 | 82.5 | 88.4 | 66.2 | 82.1 |
| 2005-Q2 | 86.1 | 91.2 | 68.6 | 85.4 |
| 2005-Q3 | 89.0 | 94.3 | 71.5 | 88.4 |
| 2005-Q4 | 92.1 | 96.8 | 73.5 | 91.8 |
| 2006-Q1 | 95.3 | 99.5 | 75.8 | 95.0 |
| 2006-Q2 | 97.6 | 101.9 | 78.0 | 97.5 |
| 2006-Q3 | 100.0 | 103.8 | 79.5 | 99.5 |
| 2006-Q4 | 101.9 | 105.9 | 81.0 | 100.7 |
| 2007-Q1 | 102.7 | 107.2 | 82.6 | 103.5 |
| 2007-Q2 | 103.6 | 108.6 | 84.0 | 104.5 |
| 2007-Q3 | 104.8 | 109.6 | 85.4 | 105.0 |
| 2007-Q4 | 106.3 | 110.9 | 87.6 | 106.3 |
| 2008-Q1 | 106.7 | 111.3 | 88.4 | 105.9 |
| 2008-Q2 | 106.4 | 110.3 | 89.2 | 105.9 |
| 2008-Q3 | 104.8 | 108.9 | 89.0 | 104.4 |
| 2008-Q4 | 102.3 | 105.2 | 87.6 | 101.0 |
| 2009-Q1 | 99.5 | 101.9 | 84.7 | 95.8 |
| 2009-Q2 | 98.0 | 100.0 | 82.3 | 92.8 |
| 2009-Q3 | 98.3 | 99.9 | 82.7 | 93.2 |
| 2009-Q4 | 99.3 | 100.9 | 84.1 | 93.8 |
| 2010-Q1 | 101.0 | 102.4 | 86.8 | 97.2 |
| 2010-Q2 | 102.4 | 103.6 | 89.4 | 98.8 |
| 2010-Q3 | 103.9 | 104.7 | 92.0 | 100.0 |
| 2010-Q4 | 105.4 | 106.4 | 95.6 | 102.0 |
| 2011-Q1 | 106.1 | 107.2 | 99.2 | 103.8 |
| 2011-Q2 | 107.2 | 108.1 | 103.4 | 105.7 |
| 2011-Q3 | 108.0 | 108.4 | 105.0 | 107.0 |
| 2011-Q4 | 108.0 | 107.7 | 105.5 | 107.1 |
| 2012-Q1 | 107.8 | 107.1 | 105.1 | 106.9 |
| 2012-Q2 | 107.2 | 106.5 | 105.2 | 106.2 |
| 2012-Q3 | 106.1 | 105.9 | 105.2 | 105.0 |
| 2012-Q4 | 105.8 | 104.9 | 104.7 | 105.2 |
| 2013-Q1 | 105.0 | 104.4 | 104.6 | 104.9 |
| 2013-Q2 | 104.3 | 103.6 | 104.2 | 104.5 |
| 2013-Q3 | 104.1 | 102.7 | 103.5 | 103.4 |
| 2013-Q4 | 104.0 | 102.8 | 102.9 | 103.3 |
| 2014-Q1 | 103.6 | 102.2 | 103.0 | 102.2 |
| 2014-Q2 | 103.2 | 102.4 | 102.6 | 101.6 |
| 2014-Q3 | 102.2 | 101.7 | 101.5 | 101.6 |
| 2014-Q4 | 100.9 | 100.2 | 101.2 | 100.3 |
| 2015-Q1 | 100.6 | 100.0 | 100.3 | 100.0 |
| 2015-Q2 | 99.9 | 99.9 | 99.8 | 99.7 |
| 2015-Q3 | 99.9 | 100.0 | 99.9 | 100.0 |
| 2015-Q4 | 99.8 | 100.4 | 100.1 | 99.9 |
| 2016-Q1 | 99.6 | 100.9 | 100.4 | 100.5 |
| 2016-Q2 | 99.5 | 100.6 | 101.4 | 100.9 |
| 2016-Q3 | 99.6 | 101.6 | 102.2 | 101.3 |
| 2016-Q4 | 100.2 | 101.7 | 103.0 | 101.6 |
| 2017-Q1 | 101.6 | 103.0 | 104.5 | 102.5 |
| 2017-Q2 | 102.3 | 103.3 | 106.1 | 103.1 |
| 2017-Q3 | 103.1 | 104.0 | 108.0 | 103.8 |
| 2017-Q4 | 103.3 | 104.2 | 108.8 | 104.4 |
| 2018-Q1 | 104.2 | 105.7 | 109.8 | 104.7 |
| 2018-Q2 | 104.3 | 106.0 | 111.1 | 105.7 |
| 2018-Q3 | 105.9 | 106.8 | 112.6 | 106.1 |
| 2018-Q4 | 105.9 | 107.6 | 113.9 | 107.8 |
| 2019-Q1 | 107.1 | 108.3 | 114.9 | 107.2 |
graphiquePrices of second-hand dwellings in metropolitan France
- Scope: metropolitan France
- Sources: Insee, ADSN-BIEN-Grand Paris notaries, French notaries, Perval society
tableauVariation in prices of second-hand dwellings in metropolitan France
| Change in (%) | ||||||
|---|---|---|---|---|---|---|
| 3 months (S.A) | 12 months | |||||
| 2018 Q3 | 2018 Q4(sd) | 2019 Q1(p) | 2018 Q3 | 2018 Q4(sd) | 2019 Q1(p) | |
| Metropolitan France | 1.0 | 0.7 | 0.7 | 2.9 | 3.2 | 3.0 |
| Île-de-France | 1.0 | 1.3 | 0.4 | 3.5 | 4.2 | 3.9 |
| Provincial France | 1.0 | 0.5 | 0.8 | 2.7 | 2.8 | 2.6 |
| - Auvergne-Rhône-Alpes | 1.5 | 0.0 | ** | 3.2 | 2.9 | ** |
| - Hauts-de-France | 0.7 | 0.4 | ** | 1.5 | 1.7 | ** |
| - Provence-Alpes-Côte d'Azur | 0.7 | 0.1 | ** | 1.6 | 2.3 | ** |
| Flats | 1.4 | 0.5 | 1.0 | 3.4 | 3.5 | 3.7 |
| Île-de-France | 1.3 | 1.2 | 0.8 | 4.2 | 4.6 | 4.6 |
| - Paris | 1.2 | 1.9 | 1.1 | 6.2 | 5.7 | 6.4 |
| - Immediate suburbs | 1.5 | 1.0 | 1.0 | 3.1 | 4.8 | 4.2 |
| - Outer suburbs | 1.4 | -0.5 | -0.4 | 0.9 | 0.9 | 0.5 |
| Provincial France | 1.5 | -0.1 | 1.2 | 2.6 | 2.4 | 2.8 |
| - Conurbation > 10 000 inhabitants | 1.6 | -0.1 | ** | 2.8 | 2.6 | ** |
| * Central town | 1.8 | -0.1 | ** | 3.3 | 2.7 | ** |
| * Suburb | 1.3 | -0.2 | ** | 2.0 | 2.4 | ** |
| - Conurbation < 10 000 inhabitants | 0.9 | 0.7 | ** | 0.8 | 1.1 | ** |
| - Auvergne-Rhône-Alpes | 2.1 | 0.1 | ** | 3.8 | 3.8 | ** |
| * Lyon | 4.2 | 0.5 | ** | 9.4 | 7.8 | ** |
| - Hauts-de-France | 0.2 | 0.3 | ** | 0.0 | 2.0 | ** |
| - Provence-Alpes-Côte d'Azur | 1.0 | -0.2 | ** | 1.0 | 1.4 | ** |
| * Marseille | 3.9 | -0.9 | ** | 3.4 | 1.7 | ** |
| Houses | 0.7 | 0.8 | 0.5 | 2.6 | 3.1 | 2.5 |
| Île-de-France | 0.4 | 1.6 | -0.6 | 2.0 | 3.5 | 2.4 |
| - Immediate suburbs | 0.7 | 2.3 | -0.5 | 3.5 | 5.5 | 4.8 |
| - Outer suburbs | 0.2 | 1.3 | -0.7 | 1.3 | 2.5 | 1.2 |
| Provincial France | 0.8 | 0.7 | 0.7 | 2.7 | 3.0 | 2.5 |
| - Auvergne-Rhône-Alpes | 0.9 | -0.2 | ** | 2.7 | 2.2 | ** |
| - Hauts-de-France | 0.8 | 0.5 | ** | 1.7 | 1.7 | ** |
| * Conurbation of Lille | 1.6 | 1.1 | ** | 4.2 | 4.3 | ** |
| - Provence-Alpes-Côte d'Azur | 0.5 | 0.4 | ** | 2.3 | 3.2 | ** |
- ** index released on 1st of July 2019
- Additional data (for example by department in Île-de-France) are available on the web page of the indicator
- (p): provisional; (sd): semi-definitive
- Scope: Metropolitan France
- Sources: Insee, ADSN – BIEN – Grand Paris notaries, French notaries, Perval society
The annual number of transactions remained high
In Q1 2019, the annual number of transactions remained at a high level: in March, it reached 985,000 on a yearly basis, more than the one recorded one quarter earlier (965,000 at the end of December) and than the one recorded one year earlier (960,000). Compared to the stock of available dwellings which increases by around 1% a year, the proportion of transactions was similar in Q1 2019 to what was observed in the early 2000.
tableauVolume of transactions of second-hand dwellings over the last 12 months
| Volume of transactions of second-hand dwellings over the last 12 months | |
|---|---|
| 2000-Q1 | 755 |
| 2000-Q2 | 768 |
| 2000-Q3 | 780 |
| 2000-Q4 | 793 |
| 2001-Q1 | 785 |
| 2001-Q2 | 789 |
| 2001-Q3 | 791 |
| 2001-Q4 | 784 |
| 2002-Q1 | 793 |
| 2002-Q2 | 799 |
| 2002-Q3 | 802 |
| 2002-Q4 | 811 |
| 2003-Q1 | 797 |
| 2003-Q2 | 793 |
| 2003-Q3 | 805 |
| 2003-Q4 | 813 |
| 2004-Q1 | 822 |
| 2004-Q2 | 835 |
| 2004-Q3 | 826 |
| 2004-Q4 | 822 |
| 2005-Q1 | 825 |
| 2005-Q2 | 815 |
| 2005-Q3 | 820 |
| 2005-Q4 | 828 |
| 2006-Q1 | 833 |
| 2006-Q2 | 835 |
| 2006-Q3 | 831 |
| 2006-Q4 | 819 |
| 2007-Q1 | 812 |
| 2007-Q2 | 821 |
| 2007-Q3 | 821 |
| 2007-Q4 | 809 |
| 2008-Q1 | 795 |
| 2008-Q2 | 756 |
| 2008-Q3 | 716 |
| 2008-Q4 | 673 |
| 2009-Q1 | 610 |
| 2009-Q2 | 578 |
| 2009-Q3 | 568 |
| 2009-Q4 | 594 |
| 2010-Q1 | 656 |
| 2010-Q2 | 698 |
| 2010-Q3 | 736 |
| 2010-Q4 | 775 |
| 2011-Q1 | 796 |
| 2011-Q2 | 807 |
| 2011-Q3 | 821 |
| 2011-Q4 | 801 |
| 2012-Q1 | 816 |
| 2012-Q2 | 781 |
| 2012-Q3 | 734 |
| 2012-Q4 | 708 |
| 2013-Q1 | 661 |
| 2013-Q2 | 676 |
| 2013-Q3 | 690 |
| 2013-Q4 | 720 |
| 2014-Q1 | 736 |
| 2014-Q2 | 736 |
| 2014-Q3 | 727 |
| 2014-Q4 | 694 |
| 2015-Q1 | 697 |
| 2015-Q2 | 715 |
| 2015-Q3 | 754 |
| 2015-Q4 | 798 |
| 2016-Q1 | 809 |
| 2016-Q2 | 819 |
| 2016-Q3 | 825 |
| 2016-Q4 | 845 |
| 2017-Q1 | 877 |
| 2017-Q2 | 917 |
| 2017-Q3 | 949 |
| 2017-Q4 | 964 |
| 2018-Q1 | 960 |
| 2018-Q2 | 956 |
| 2018-Q3 | 958 |
| 2018-Q4 | 965 |
| 2019-Q1 | 985 |
graphiqueVolume of transactions of second-hand dwellings over the last 12 months
- Scope: France (excluding Mayotte)
- Sources: CGEDD, based on notarial databases and DGFiP (MEDOC)
Revisions
The second-hand housing price index is revised in order to include observations recorded after the previous publication.
In comparison with the results released on 1st April 2019, the change in prices in Q4 2018 in metropolitan France did not however require revision. The overall change in prices in Q4 2018 stood at +0.7% compared to Q3 2018.
For further information
The calculation of indexes is based on the transactions completed during 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 indexes may be found in « Les indices Notaires-Insee de prix des logements anciens », Insee Méthodes n° 128 released in July 2014.
At the time for publication of this Informations Rapides, around 30 indexes for big cities are not yet available. Between two publications, at the middle-quarter, the Insee Macro-economic database (BDM) and the historical data available on the web page of the index are updated so as to incorporate this information and update the data previously released.
Next data update: 1st July 2019
Next issue: 5 September 2019, 8:45 AM
Pour en savoir plus
The calculation of indexes is based on the transactions completed during 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 indexes may be found in « Les indices Notaires-Insee de prix des logements anciens », Insee Méthodes n° 128 released in July 2014.
At the time for publication of this Informations Rapides, around 30 indexes for big cities are not yet available. Between two publications, at the middle-quarter, the Insee Macro-economic database (BDM) and the historical data available on the web page of the index are updated so as to incorporate this information and update the data previously released.
Next data update: 1st July 2019
Next issue: 5 September 2019, 8:45 AM
