French property prices: indexes and maps
In the third quarter of 2018, prices for older properties in mainland France were up 1.4% on the second quarter of 2018 (based on provisional seasonally adjusted variations), after +0.7% in the second quarter and +0.8% in the ﬁrst quarter.
Median price per sq.m. for older apartments in the 3rd quarter of 2018
Over one year, prices of older apartments rose by +3.4%. The upturn, which began in the second quarter of 2016, peaked at +4.5% in the third quarter of 2017. The upward trend then slowed down for several quarters. The rise over one year is sharper in Greater Paris (+4.2%) than in the French Provinces (+2.6%).
Compared with the second quarter of 2018, the rise was sharper in the French Provinces (+2.6% in the third quarter against +2% in the second quarter) and slowed down in Greater Paris (+4.2% in the third quarter against +4.9% in the second quarter).
Median selling price of older houses in the 3rd quarter of 2018
As for older apartments, the prices of older house were mostly up over three months (+0.7%). The French Provinces showed a slightly higher rise (+0.8% over 3 months) than Greater Paris, where prices rose by +0.4%. Prices have risen by between +2%and +3% over one year since the ﬁrst quarter of 2017. Unlike apartments, the rise is slightly higher in the French Provinces (+2.7%) than in Greater Paris (+2%).
Apart from the apartments market in Greater Paris, prices observed in the third quarter of 2018 were lower than in the fourth quarter of 2011, the market's all-time high.
Loans Banque de France data (December 2018)
The average interest rate on home loans (long-term and ﬁxed-rate) remains low (1.51% in October, no change on September).
French property market report: Consult the interactive pdf
French property market report: deﬁnitions
Seasonally adjusted prices
In the same way that the index calculation method smooths out structural effects, corrected seasonal variations adjust seasonal fluctuations. The purpose is to ensure a fair comparison of trends between two consecutive quarters, without this interpretation being distorted by the time of year. For example, property prices rise during the third quarter of each year, house prices in particular, due to demand from families driven by the school year.
The INSEE (French National Institute of Statistics & Economic Studies) and Notary indexes are only available for geographical areas where the number of changes of ownership is high enough. At more detailed levels, median prices are used. The median price is such that 50% of transactions were concluded at a lower price and as many at a higher price. It more accurately represents the “midpoint” of the market than the average, as it is less affected by extreme values.
INSEE (French National Statistics & Economic Studies Institute) and Notary indexes
The calculation method used for the INSEE and Notary indexes is based on econometric models which break down the price of a property according to its main characteristics (location, size, comfort, etc.) in order to be better able to withstand structural effects that cause transaction prices to vary from quarter to quarter.
- I want to buy an apartment. My bank refused my loan. Can I ask the seller a staggered payment of the selling price?
- I buy a property for which the mandate of sale provides that the payment of real estate agency commission is the responsibility of the seller. Why is this commission included in the base for calculating notaire fees?