Informations Rapides ·
12 July 2024 · n° 172
The Housing Rent Reference Index in Q2 2024 Rent Reference Index - second quarter 2024
In Q2 2024, the annual change of Housing Rent Reference Index stood at +3.26 %. The Housing Reference Index stood therefore at 145.17. By derogation,it stood at 143.77 in the collectivities governed by article 73 of the Constitution and at 143.07 in Corsica.
Article 12 of the Ouvrir dans un nouvel onglet 2022-1158 Act on Emergency Measures for the Protection of Purchasing Power of 16 August 2022, modified by the article 2 Ouvrir dans un nouvel ongletof the 2023-568 Act of 7 July 2023, provides that the annual change of the housing rent reference index may not exceed 3.5% between the third quarter of 2022 and the first quarter of 2024.
By way of derogation, it may not exceed 2.5% in the collectivities governed by article 73 of the Constitution (overseas regions and departments) and it may not exceed 2.0% in Corsica, in accordance with Ouvrir dans un nouvel ongletprefectorial order R20-2022-10-11-00012 modified by Ouvrir dans un nouvel ongletprefectorial order R20-2023-10-12-00002.
From the third quarter 2022, Insee publishes four new series: on one side, the housing rent reference index in the collectivities governed by article 73 of the Constitution (010760509) and the related annual percentage change (010760510), and on the other side, the housing rent reference index in Corsica (010760507) and the related annual percentage change (010760508). The values of the two other series (001515333 and 001515334) are still applicable on the rest of the national territory.
In Q2 2024, the annual change of Housing Rent Reference Index stood at +3.26 %. The Housing Reference Index stood therefore at 145.17. By derogation,it stood at 143.77 in the collectivities governed by article 73 of the Constitution and at 143.07 in Corsica.
tableauHousing rent reference index
| Values | Percentage change over a one-year period (Q/Q-4) | |
|---|---|---|
| Q1 2022 | 133.93 | 2.48 |
| Q2 2022 | 135.84 | 3.60 |
| Q3 2022 | 136.27 | 3.49 |
| Q4 2022 | 137.26 | 3.50 |
| Q1 2023 | 138.61 | 3.49 |
| Q2 2023 | 140.59 | 3.50 |
| Q3 2023 | 141.03 | 3.49 |
| Q4 2023 | 142.06 | 3.50 |
| Q1 2024 | 143.46 | 3.50 |
| Q2 2024 | 145.17 | 3.26 |
- Note: from the third quarter of 2022, two specifics Housing rent reference index are released for the collectivities governed by article 73 of the Constitution (overseas regions and departments) and for Corsica. These particular territories are not concerned by this present index.
- Source: INSEE
tableauHousing rent reference index in the collectivities governed by article 73 of the Constitution (overseas regions and departments)
| Values | Percentage change over a one-year period (Q/Q-4) | |
|---|---|---|
| Q1 2022 | 133.93 | 2.48 |
| Q2 2022 | 135.84 | 3.60 |
| Q3 2022 | 134.96 | 2.50 |
| Q4 2022 | 135.93 | 2.50 |
| Q1 2023 | 137.27 | 2.49 |
| Q2 2023 | 139.23 | 2.50 |
| Q3 2023 | 138.33 | 2.50 |
| Q4 2023 | 139.32 | 2.49 |
| Q1 2024 | 140.70 | 2.50 |
| Q2 2024 | 143.77 | 3.26 |
- Source: INSEE
tableauHousing rent reference index in Corsica
| Values | Percentage change over a one-year period (Q/Q-4) | |
|---|---|---|
| Q1 2022 | 133.93 | 2.48 |
| Q2 2022 | 135.84 | 3.60 |
| Q3 2022 | 134.30 | 2.00 |
| Q4 2022 | 135.27 | 2.00 |
| Q1 2023 | 136.60 | 1.99 |
| Q2 2023 | 138.55 | 1.99 |
| Q3 2023 | 136.98 | 2.00 |
| Q4 2023 | 137.97 | 2.00 |
| Q1 2024 | 139.33 | 2.00 |
| Q2 2024 | 143.07 | 3.26 |
- Note: Considering that the Housing Rent Index is rounded at two decimals and that the annual change is capped at 2.0% for Corsica, its value for the second quarter of 2023 stood at 138.55, resulting a variation of 1.99% over a year.
- Source: INSEE
For more information
Article 9 of 2008-111 Act of 8 February 2008 on purchasing power modified the Housing Rent Reference Index (RRI) created by Article 35 of 2005-841 Act of 26 July 2005. It is an over-the-year chain-linked index. It is constructed by multiplying the value of the index of the same quarter of the previous year by the change between these two periods in the average over twelve consecutive months of the consumer price index –excluding the prices of tobacco and housing rents. This index is on a reference 100 in Q4 1998.
The calculation is done using the non-rounded up values of the consumer price index.
The housing rent reference index and its annual percentage change are rounded up to two decimals.
Article 12 of Act 2022-1158 Act on Emergency Measures for the Protection of Purchasing Power of 16 August 2022, modified by the article 2 of the 2023-568 Act of 7 July 2023, provides that the annual change of the housing rent reference index may not exceed 3.5% between the third quarter of 2022 and the first quarter of 2024.
By way of derogation, it may not exceed 2.5% in the collectivities governed by article 73 of the Constitution (overseas regions and departments) and it may not exceed 2.0% in Corsica, in accordance with prefectorial order R20-2022-10-11-00012 modified by prefectorial order R20-2023-10-12-00002.
Next issue: 15 October 2024 at 8.45 a.m.
Documentation
Pour en savoir plus
Time series : Rent reference index (RRI) - Base 1998