25 September 2020
2020- n° 248In Q2 2020, house prices went up by 5.5% year on year House price index - second quarter 2020
In Q2 2020, house prices in metropolitan France were higher compared to the previous quarter (+1.7%, raw data). Year on year, the increase in house prices intensified (+5.5% after +4.9%).
Given the context of the health crisis, the statistics published in this “Informations Rapides” may be less accurate than usual as they are affected by additional delays in processing or administrative declarations. This publication concerns the second quarter of 2020 and is therefore affected by the lockdown.
In Q2 2020, house prices in metropolitan France were higher compared to the previous quarter (+1.7%, raw data). Year on year, the increase in house prices intensified (+5.5% after +4.9%).
Year on year, the rise in house prices intensified
In Q2 2020, house prices were higher than in the previous quarter (+1.7%, raw data). In detail, second-hand dwellings prices increased by 1.8% (after +1.1% in the previous quarter); new dwellings prices decreased by 0.2% (after +0.5% the previous quarter).
Year on year, the increase in house prices intensified (+5.5% after +4.9% in the previous quarter). Second-hand dwellings prices grew much faster (+5.8% y-o-y) than new dwellings prices (+2.3%).
tableauHouse price index (Base 100: 2015)
| Weights 2020 (%) | Index 2020 Q2 (p) | Percentage change compared with the previous quarter (p) | Percentage change compared with the same quarter of the previous year (p) | |
|---|---|---|---|---|
| All dwellings | 100.0 | 115.7 | 1.7 | 5.5 |
| - new dwellings | 9.0 | 114.7 | -0.2 | 2.3 |
| - second-hand dwellings | 91.0 | 115.8 | 1.8 | 5.8 |
- (p) Provisional data.
- Raw data.
- Scope: metropolitan France.
- Source: INSEE, SDES, ADSN – BIEN – Grand Paris notaries, French notaries, Perval society.
Revisions
The Q1 2020 indices were revised to include observations recorded after the previous publication. The year-on-year variation in new dwellings prices in Q1 2020 was revised upwards compared to the previous publication (+4.7% instead of +3.9%). Conversely, second-hand dwellings prices was very slightly revised downwards (+4.9% instead of 5.0%). All in all, housing prices year-on-year variation in Q1 2020 did not change (+4.9%).
For further information
Price index of second-hand dwellings published here is the Notaires-Insee index, not seasonally adjusted.
A methodological note is available on the web page of this index:
https://www.insee.fr/en/metadonnees/source/serie/s1028.
Historical data are available on the BDM:
• new and second-hand dwellings (https://www.insee.fr/en/statistiques/serie/010001868)
• new dwellings (https://www.insee.fr/en/statistiques/serie/010001869)
• second-hand dwellings (https://www.insee.fr/en/statistiques/series/105071770)
Next issue: 18 December 2020, 12:00pm.
Pour en savoir plus
Price index of second-hand dwellings published here is the Notaires-Insee index, not seasonally adjusted.
A methodological note is available on the web page of this index:
https://www.insee.fr/en/metadonnees/source/serie/s1028.
Historical data are available on the BDM:
• new and second-hand dwellings (https://www.insee.fr/en/statistiques/serie/010001868)
• new dwellings (https://www.insee.fr/en/statistiques/serie/010001869)
• second-hand dwellings (https://www.insee.fr/en/statistiques/series/105071770)
Next issue: 18 December 2020, 12:00pm.
