REAL ESTATE MARKET STATISTICS IN Q1 2020
In Q1 2020, prices of second-hand dwellings in France (excluding Mayotte) accelerated: +1.9% compared to Q4 2019 (provisional seasonally adjusted results), after +1.3% in Q4 and +1.0% in Q3.
Over a year, the rise in prices noticeably intensified: +5.0%, after +3.7%, and +3.2%. As observed since the end of 2016, this increase was more important for flats (+6.4% over the year) than for houses (+4.0%).
Variation in prices of second-hand dwellings in France
| change in | ||||||
|---|---|---|---|---|---|---|
| 3 months (S.A.) | 12 months | |||||
| 2019 Q3 | 2019 Q4(sd) | 2020 Q1(p) | 2019 Q3 | 2019 Q4(sd) | 2020 Q1(p) | |
| France | 1.0 | 1.3 | 1.9 | 3.2 | 3.7 | 5.0 |
| Flats | 0.9 | 1.8 | 2.3 | 4.0 | 5.3 | 6.4 |
| Houses | 1.0 | 1.0 | 1.6 | 2.5 | 2.6 | 4.0 |
- (p): provisional; (sd): semi-definitive
- Scope: France (excluding Mayotte)
- Sources : Insee, ADSN – BIEN – Grand Paris notaries, French notaries, Perval society
Prices of second-hand dwellings In Île-de-France were still rising
In Q1 2020, prices of second-hand dwellings in Île-de-France were again increasing more quickly than the previous quarters: +2.2% compared to Q4 2019, after +1.6% and +1.0%.
Year on year, prices pursued their acceleration: +5.7% between Q1 2019 and Q1 2020, after +4.0% in Q4 2019 and +3.6% in Q3 2019. This increase stayed mainly driven by flats’ prices, which increased by +6.8% over the year, while houses’ prices increased by +3.4%. In particular, in Paris, flats’ prices rose by +8.0% year on year in the first quarter of 2020, after +6.7% in the fourth quarter of 2019 and +6.2% in the third. Excluding Paris, the annual rise in Île-de-France stayed noticeable, but were less important: +4.6%.
In provincial France, the rise in prices of second-hand dwellings intensified
In Q1 2020, prices of second-hand dwelling in provincial France kept increasing at a sustained pace: +1.7% after +1.2%, and +1.0%.
Over the year, the rise in prices were still intensifying, it was similar to the annual rise in Île-de-France excluding Paris: +4.7% between Q1 2019 and Q1 2020, after +3.6% and +3.0%. Uniformly to what was observed in Île-de-France, prices of flats were more dynamic (+6.0% y-o-y), even though prices of houses were also rising steadily (+4.1%).
Variation in prices of second-hand dwellings in metropolitan France
| Change in | ||||||
|---|---|---|---|---|---|---|
| 3 months (S.A.) | 12 months | |||||
| 2019 Q3 | 2019 Q4(sd) | 2020 Q1(p) | 2019 Q3 | 2019 Q4(sd) | 2020 Q1(p) | |
| Metropolitan France | 1.0 | 1.3 | 1.8 | 3.2 | 3.7 | 5.0 |
| Île-de-France | 1.0 | 1.6 | 2.2 | 3.6 | 4.0 | 5.7 |
| Provincial France | 1.0 | 1.2 | 1.7 | 3.0 | 3.6 | 4.7 |
| - Auvergne-Rhône-Alpes | 1.5 | 1.4 | ** | 4.1 | 5.2 | ** |
| - Hauts-de-France | 1.3 | -0.4 | ** | 2.5 | 1.9 | ** |
| - Provence-Alpes-Côte d'Azur | 0.4 | 1.5 | ** | 1.7 | 3.0 | ** |
| Flats | 0.9 | 1.8 | 2.3 | 4.0 | 5.3 | 6.4 |
| Île-de-France | 1.0 | 2.0 | 2.3 | 4.7 | 5.7 | 6.8 |
| - Paris | 1.1 | 2.2 | 2.8 | 6.2 | 6.7 | 8.0 |
| - Immediate suburbs | 1.2 | 1.9 | 2.0 | 4.5 | 5.4 | 6.5 |
| - Outer suburbs | 0.1 | 2.0 | 1.2 | 0.9 | 3.1 | 4.2 |
| Provincial France | 0.9 | 1.6 | 2.4 | 3.4 | 4.9 | 6.0 |
| - Conurbation > 10 000 inhabitants | 0.9 | 1.6 | ** | 3.5 | 5.1 | ** |
| * Central town | 0.9 | 2.0 | ** | 3.8 | 5.7 | ** |
| * Suburb | 1.0 | 1.0 | ** | 3.1 | 4.1 | ** |
| - Conurbation < 10 000 inhabitants | 0.5 | 1.4 | ** | 2.1 | 3.1 | ** |
| - Auvergne-Rhône-Alpes | 1.4 | 1.7 | ** | 4.8 | 6.0 | ** |
| * Lyon | 2.1 | 2.3 | ** | 10.0 | 11.6 | ** |
| - Hauts-de-France | 1.2 | 2.2 | ** | 2.4 | 4.3 | ** |
| - Provence-Alpes-Côte d'Azur | -0.3 | 1.4 | ** | 1.7 | 3.2 | ** |
| * Marseille | 2.1 | 1.2 | ** | 1.7 | 3.6 | ** |
| Houses | 1.0 | 1.0 | 1.5 | 2.5 | 2.6 | 4.0 |
| Île-de-France | 0.9 | 0.7 | 2.2 | 1.3 | 0.6 | 3.4 |
| - Immediate suburbs | 0.9 | 0.6 | 3.1 | 2.0 | 0.5 | 3.7 |
| - Outer suburbs | 0.9 | 0.8 | 1.7 | 0.9 | 0.6 | 3.2 |
| Provincial France | 1.0 | 1.0 | 1.4 | 2.8 | 3.0 | 4.1 |
| - Auvergne-Rhône-Alpes | 1.5 | 1.1 | ** | 3.6 | 4.5 | ** |
| - Hauts-de-France | 1.3 | -0.8 | ** | 2.5 | 1.5 | ** |
| * Conurbation of Lille | -0.3 | -0.5 | ** | 2.4 | 0.8 | ** |
| - Provence-Alpes-Côte d'Azur | 1.1 | 1.6 | ** | 1.8 | 2.8 | ** |
- ** index released on 6th of July 2020
- 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
Still more than a million of annual transactions at the end of March 2020
In Q1 2020, the annual number of transactions decreased, but stayed anyway at a very high level: in March, this number reached 1,037,000 on a yearly basis, after 1,065,000 at the end of December 2019 and 982,000 at the end of March 2019. Compared to the stock of available dwellings which increases by around 1% a year, the proportion of transactions was, since the beginning of 2019, higher to the high level observed in the early 2000, despite the slight decline observed this quarter.