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House Prices in France Qtr 1 2016

The notaires report that house prices across France rose by 0.9% in the first quarter of the year, but forecast no major change in prices over the year.

There continue to be signs of recovery in the housing market in France, with strong sales and prices moving upwards in many areas.

The notaires attribute the growth to historically low interest rates and the availability of government sponsored interest free mortgages for first-time buyers.

However, they remain cautious about any further growth in sales or prices, due to continuing economic malaise and an uncertain and insecure geopolitical environment.

As usual the headline movement in prices disguises very substantial local differences, with prices in some departments and regions actually falling in the period.

The size of some of the movements in a number of departments needs to be treated with caution, as they are likely to be a statistical aberration that will even out over a longer period.

In addition, as the analysis is drawn from transactions in the main urban areas of each department they do not reflect the movement in rural house prices, where the market in most areas is slower.

The table below shows the movement in house prices for the year ending 31st December 2015 and the average percentage change in each department for the period January-March 2016.


Region/DeptAverage % Change 2015 Average % Change Q1 2016
AUVERGNE-RHONE-ALPES
Ain +0.2%+3.5%
Allier -2.9%-6.7%
Ardèche +0.3%-9.5%
Cantal -0.5%n/a
Drôme +0.2%-3.0%
Isère +1.5%+1.4%
Haute-Loire -0.5%+1.5%
Loire +0.6%0.0%
Puy-de-Dôme+1.9%+1.5%
Rhône +1.1%-2.8%
Haute-Savoie +0.3%-1.4%
Savoie+0.6%+0.9%
BRITTANY
Côte d'Amour+1.9%-3.0%
Finistère+1.7%
-3.6%
IIle-et-Vilaine +2.4%
-1.2%
Morbihan
-0.8%-1.8%
BOURGOGNE FRANCHE-COMTE
Belfort
-2.1%-7.3%
Côte-d'Or+0.1%+4.1%
Doubs
-1.4%-5.9%
Haute-Saône
-3.3%-9.1%
Jura
-2.4%+8.3%
Nièvre-0.4%-6.7%
Saône-et-Loire+0.8%-2.9%
Yonne
-2.1%0.0%
CENTRE-VAL DE LOIRE
Cher
-2.0%-1.0%
Eure-et-Loir
-2.8%-4.9%
Indre
+6.7%n/a
Indre-et-Loire
+0.7%-1.0%
Loir-et-Cher
-0.8%+4.5%
Loiret
-1.2%0.0%
GRAND EST
Ardennes
+1.4%-4.2%
Aube
-5.0%+5.7%
Haute-Marne
-2.9%n/a
Marne
-2.9%+9.7%
Meurthe-et-Moselle
-1.0%-8.0%
Meuse
-3.3%+2.0%
Moselle
+0.8%-1.7%
Bas-Rhin
+2.2%
+2.8%
Haut-Rhin
+1.8%+6.8%
Vosges
-3.4%-9.1%
HAUTS DE FRANCE
Aisne -1.4%-6.4%
Nord +1.0%-3.4%
Oise +1.6%-6.4%
Pas-de-Calais+1.6%-3.7%
Somme -3.9%-7.6%
ILE-DE-FRANCE*
Paris-0.4%+0,2%
Seine-Saint-Denise-1.6%-0.5%
Haute-de-Seine-2.5%+0.3%
Val-et-Marne -1.3%-0.2%
Val d'Oise -1.4%-0.4%
Yvelines-3.8%0.0%
Essonne -1.1%-1.0%
Seine-et-Marne-1.4%-1.5%
NOUVELLE-AQUITAINE
Charente -0.3%-4.3%
Charente-Maritime -0.0%-4.0%
Corrèze -1.9%+5.1%
Creuse -0.8%n/a
Deux-Sèvres -1.1%0.0%
Dordogne +1.2% n/a
Gironde +2.9% -2.3%
Landes -2.5% +4.3%
Lot-et-Garonne +1.6%-0.8%
Pyrénées-Atlantiques-1.7%+4.9%
Haute-Vienne -1.9%-3.8%
Vienne
-2.7%-4.6%
OCCITANIE
Ariège +4.1%+7.5%
Aude +1.4%+5.5%
Aveyron +1.6%n/a
Gard -0.4%-1.0%
Gers +1.5%-2.1%
Haute-Garonne +0.8%+1.8%
Hautes-Pyrénées +3.1%-8.8%
Hérault +1.3%-3.1%
Lot+1.5%-7.5%
Lozère -0.7%n/a
Pyrénées-Orientales+0.9%-4.9%
Tarn +1.9%n/a
Tarn-et-Garonne +1.3%0.0%
NORMANDY
Calvados
+0.6%+3.2%
Manche
+0.2%-0.2%
Orne
-1.4%-8.2%
Eure
+0.3%-1.4%
Seine-Maritime
+0.4%0.0%
PAYS DE LA LOIRE
Loire-Atlantique
+2.3%+1.0%
Maine-et-Loire
+2.6%-10%
Mayenne
+2.9%+4.8%
Sarthe
+1.3%-2.1%
Vendée-0.1%+0.1%
PROVENCE-ALPES-COTE D'AZUR
Alpes-de-Haute-Provence
+0.3%n/a
Alpes-Maritimes+1.7%+0.5%
Bouches-du-Rhône
-1.4%0,0%
Hautes-Alpes
+0.3%n/a
Var+1.1%+1.6%
Vaucluse
-0.2%-3.9%
*Apartments for Ile-de-France

 

Source: Notaires de France

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This article was featured in our Newsletter dated 03/08/2016





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