France · report
Past price cycles in France
Prices of existing homes have fallen by 3% or more 4 times since 1996. The deepest began in Q4 2007.
- Deepest fall
- −9.7%
- Recovery from the low
- 24 months
Prices in France, indexed
The Notaires-INSEE index of existing homes, both set to 100 in Q1 1996.
- France
- 100 = Q1 1996
Show the numbers
| Period | France |
|---|---|
| Q2 2026 | 306.6 |
| Q1 2026 | 309.3 |
| Q4 2025 | 311.8 |
| Q3 2025 | 314.5 |
| Q2 2025 | 309.1 |
| Q1 2025 | 309.1 |
| Q4 2024 | 308.8 |
| Q3 2024 | 312.5 |
| Q2 2024 | 307.4 |
| Q1 2024 | 308.3 |
| Q4 2023 | 315.7 |
| Q3 2023 | 325.0 |
| Q2 2023 | 323.5 |
| Q1 2023 | 325.2 |
| Q4 2022 | 328.4 |
| Q3 2022 | 331.1 |
| Q2 2022 | 321.8 |
| Q1 2022 | 316.9 |
| Q4 2021 | 314.2 |
| Q3 2021 | 311.0 |
| Q2 2021 | 301.2 |
| Q1 2021 | 295.3 |
| Q4 2020 | 293.1 |
| Q3 2020 | 289.5 |
| Q2 2020 | 283.6 |
| Q1 2020 | 278.7 |
| Q4 2019 | 275.5 |
| Q3 2019 | 275.0 |
| Q2 2019 | 268.1 |
| Q1 2019 | 265.4 |
| Q4 2018 | 265.4 |
| Q3 2018 | 266.7 |
| Q2 2018 | 260.0 |
| Q1 2018 | 257.8 |
| Q4 2017 | 257.1 |
| Q3 2017 | 259.1 |
| Q2 2017 | 252.9 |
| Q1 2017 | 250.2 |
| Q4 2016 | 249.0 |
| Q3 2016 | 250.7 |
| Q2 2016 | 245.3 |
| Q1 2016 | 244.4 |
| Q4 2015 | 245.3 |
| Q3 2015 | 247.5 |
| Q2 2015 | 243.9 |
| Q1 2015 | 243.6 |
| Q4 2014 | 246.6 |
| Q3 2014 | 252.2 |
| Q2 2014 | 250.5 |
| Q1 2014 | 249.8 |
| Q4 2013 | 252.9 |
| Q3 2013 | 255.9 |
| Q2 2013 | 253.9 |
| Q1 2013 | 254.4 |
| Q4 2012 | 257.8 |
| Q3 2012 | 262.0 |
| Q2 2012 | 259.8 |
| Q1 2012 | 259.6 |
| Q4 2011 | 263.2 |
| Q3 2011 | 266.4 |
| Q2 2011 | 260.3 |
| Q1 2011 | 254.9 |
| Q4 2010 | 253.9 |
| Q3 2010 | 251.0 |
| Q2 2010 | 243.1 |
| Q1 2010 | 238.2 |
| Q4 2009 | 236.0 |
| Q3 2009 | 235.5 |
| Q2 2009 | 231.1 |
| Q1 2009 | 235.3 |
| Q4 2008 | 246.1 |
| Q3 2008 | 255.4 |
| Q2 2008 | 254.2 |
| Q1 2008 | 254.2 |
| Q4 2007 | 255.9 |
| Q3 2007 | 253.9 |
| Q2 2007 | 248.0 |
| Q1 2007 | 243.6 |
| Q4 2006 | 241.9 |
| Q3 2006 | 240.2 |
| Q2 2006 | 232.1 |
| Q1 2006 | 225.2 |
| Q4 2005 | 219.9 |
| Q3 2005 | 215.9 |
| Q2 2005 | 205.6 |
| Q1 2005 | 197.1 |
| Q4 2004 | 191.4 |
| Q3 2004 | 187.0 |
| Q2 2004 | 177.7 |
| Q1 2004 | 170.6 |
| Q4 2003 | 165.2 |
| Q3 2003 | 162.0 |
| Q2 2003 | 155.1 |
| Q1 2003 | 149.3 |
| Q4 2002 | 146.3 |
| Q3 2002 | 145.1 |
| Q2 2002 | 138.7 |
| Q1 2002 | 134.1 |
| Q4 2001 | 132.8 |
| Q3 2001 | 132.8 |
| Q2 2001 | 128.7 |
| Q1 2001 | 124.8 |
| Q4 2000 | 123.0 |
| Q3 2000 | 123.5 |
| Q2 2000 | 119.1 |
| Q1 2000 | 115.4 |
| Q4 1999 | 113.7 |
| Q3 1999 | 113.5 |
| Q2 1999 | 109.1 |
| Q1 1999 | 106.4 |
| Q4 1998 | 104.9 |
| Q3 1998 | 105.4 |
| Q2 1998 | 102.9 |
| Q1 1998 | 100.5 |
| Q4 1997 | 102.2 |
| Q3 1997 | 102.7 |
| Q2 1997 | 101.7 |
| Q1 1997 | 98.8 |
| Q4 1996 | 102.7 |
| Q3 1996 | 103.2 |
| Q2 1996 | 101.2 |
| Q1 1996 | 100.0 |
Every fall of 3% or more
From the peak to the lowest month after it, and how long prices took to get back.
| Peak | Low | Fall | Months falling | Months to recover |
|---|---|---|---|---|
| Q3 1996 | Q1 1997 | −4.3% | 6 | 18 |
| Q4 2007 | Q2 2009 | −9.7% | 18 | 24 |
| Q3 2011 | Q1 2015 | −8.6% | 42 | 42 |
| Q3 2022 | Q2 2026 | −7.4% | 45 | Not yet |
France against the EU since 2015
Eurostat's house price index for all dwellings, 2015 = 100. National figures, comparable across member states.
- France
- EU
- 2015 = 100
Show the numbers
| Period | France | EU |
|---|---|---|
| Q2 2026 | 125.5 | 168.6 |
| Q1 2026 | 126.6 | 166.5 |
| Q4 2025 | 127.5 | 164.6 |
| Q3 2025 | 128.5 | 163.5 |
| Q2 2025 | 126.5 | 161.0 |
| Q1 2025 | 126.5 | 158.5 |
| Q4 2024 | 126.3 | 156.2 |
| Q3 2024 | 127.6 | 155.1 |
| Q2 2024 | 125.7 | 152.7 |
| Q1 2024 | 126.0 | 149.8 |
| Q4 2023 | 128.7 | 148.9 |
| Q3 2023 | 132.3 | 149.1 |
| Q2 2023 | 131.7 | 148.2 |
| Q1 2023 | 132.3 | 147.6 |
| Q4 2022 | 133.5 | 148.7 |
| Q3 2022 | 134.3 | 150.9 |
| Q2 2022 | 130.8 | 149.6 |
| Q1 2022 | 128.6 | 146.2 |
| Q4 2021 | 127.5 | 143.2 |
| Q3 2021 | 126.2 | 140.2 |
| Q2 2021 | 122.5 | 136.0 |
| Q1 2021 | 120.2 | 132.1 |
| Q4 2020 | 119.3 | 129.8 |
| Q3 2020 | 117.8 | 128.1 |
| Q2 2020 | 115.5 | 126.3 |
| Q1 2020 | 113.9 | 124.4 |
| Q4 2019 | 112.7 | 122.7 |
| Q3 2019 | 112.3 | 121.5 |
| Q2 2019 | 109.9 | 119.8 |
| Q1 2019 | 108.6 | 117.6 |
| Q4 2018 | 108.6 | 116.8 |
| Q3 2018 | 108.7 | 115.9 |
| Q2 2018 | 106.4 | 114.2 |
| Q1 2018 | 105.5 | 112.3 |
| Q4 2017 | 105.2 | 111.2 |
| Q3 2017 | 105.7 | 110.4 |
| Q2 2017 | 103.5 | 108.8 |
| Q1 2017 | 102.5 | 106.9 |
| Q4 2016 | 101.8 | 106.1 |
| Q3 2016 | 102.4 | 105.4 |
| Q2 2016 | 100.2 | 103.8 |
| Q1 2016 | 99.7 | 102.0 |
| Q4 2015 | 100.2 | 101.1 |
| Q3 2015 | 100.9 | 100.8 |
| Q2 2015 | 99.6 | 99.8 |
| Q1 2015 | 99.4 | 98.3 |
The Notaires-INSEE index of existing homes goes back to 1996 for mainland France and is published for the Île-de-France départements; Paris's covers apartments. It is quarterly, so falls are dated by quarter and their months counted from quarter to quarter. A fall counts once prices drop 3% below a peak, and ends when they are back at it.
Other reports for France
At the median sale price, a 90 m² home costs €234,450. With 10% down and a 30-year mortgage, the payment is €913 a month. The HCSF caps it at 35% of a household's income.
- Payment, two incomes
- 21%
- Payment, one income
- 42%
13.0% fewer homes were licensed for construction in the last 12 months than in an average year of the past decade.
- Licensed, 12 months
- 370,172
- Per 1,000 residents
- 5.4
In 2022 the population grew by 333,707 while 327,382 homes were started: 1.0 new residents for every new home.
- New residents per new home, 2022
- 1.0
- Population change, 2022
- +333,707
7.8% of the 37,878,249 homes counted in the 2023 census stood empty, whether for sale, to let or for other reasons.
- Empty, 2023 census
- 7.8%
- Empty homes
- 2,972,094
In 2025, 18% of the homes authorised were in existing buildings: conversions, extensions and changes of use.
- Homes in existing buildings, 2025
- 18%
Public bodies signed €946.1M of housing works here in 2025, and €1.9B since 2024.
- Signed in 2025
- €946.1M
- Per resident, 2025
- €14