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French House Prices in Second Quarter 2015

Wednesday 04 November 2015

An analysis of the movement in house prices in France to the end of June, for each department of France.

According to the latest property report from the Notaires de France the average price of houses outside of the Ile-de-France fell by -0.6% in Q2 over Q1, somewhat faster than the fall of -0.2% in the previous quarter.

Over the full year to the end of June 2015 the price of houses in the provinces fell by an average of -2.7%, the largest fall recorded since mid-2012.

Within the Ile-de-France prices (for apartments and houses) fell -0.6% in the quarter and -2.6% over the year to June.

The graphic below shows the movement in prices since 2012, showing three continuous years of a fall in prices.



Source: Notaires de France

A more detailed analysis by department is given in the table below.

It shows the average price for houses in each administrative department of France (excluding the Ile-de-France) at the end of the second quarter 2015, together with the average percentage variation in price for the year to end of June 2015.

Given that most sales take place in towns and cities, there is an urban bias to the analysis, so they do not fully reflect prices or price movements in the rural market.

Prices will also vary by size, location and condition of property and the figures provided may well be subject to later revision.

Accordingly, given the conditional and partial basis of the analysis, the individual figures are less important than the overall message, which is that prices have fallen to the period ending June.

As can be seen, the market is down almost everywhere, although there are notable exceptions for the North East of the country.

The notaires report there are some signs of stability in prices emerging in the third quarter, although other sources suggest it may well be too early to say that prices are no longer continuing to fall.


Alsace
Bas-Rhin€200,000-5.6%
Haut-Rhin
€188,000-5.1%
Aquitaine
Dordogne
€115,000-2.1%
Gironde
€213,300+1.3%
Landes
€165,000-4.1%
Lot-et-Garonne
€121,100-2.0%
Pyrénées-Atlantiques€207,400-4.4%
Auvergne
Allier
€92,500-5.2%
Cantal
€103,000-5.2%
Haute-Loire
€100,000-5.2%
Puy-de-Dôme€150,000-5.0%
Brittany
Côte d'Amour€121,000-4.1%
Finistère€136,000-3.2%
IIle-et-Vilaine
€176,000-3.7%
Morbihan
€160,000-2.4%
Burgundy
Côte-d'Or€160,000-4.7%
Nièvre€75,000-4.3%
Saône-et-Loire€117,000-3.6%
Yonne
€115,000-4.5%
Centre
Cher
€100,000-0.6%
Eure-et-Loir
€150,000-2.9%
Indre
€90,000-5.7%
Indre-et-Loire
€179,000-1.1%
Loir-et-Cher
€123,000-3.1%
Loiret
€152,000-4.1%
Champagne-Ardenne
Ardennes
€107,000-1.9%
Aube
€122.500-3.2%
Haute-Marne
€90,000-2.6%
Marne
€165,000-2.5%
Franche-Comté
Doubs
€170,000+0.2%
Haute-Saône
€110.000+0.1%
Jura
€125,800+0.4%
Belfort
€150,000+0.2%
Languedoc-Roussillon
Aude
€137,300-2.2%
Gard
€190,000-1.9%
Hérault
€212,000-3.3%
Lozère
€105,200-2.8%
Pyrénées-Orientales€171,000-3.1%
Limousin
Corrèze
€105,000-3.5%
Creuse
€63,800-9.1%
Haute-Vienne
€115,000-3.3%
Lorraine
Meurthe-et-Moselle
€153,500-2.5%
Meuse
€91,900-1.2%
Moselle
€160,000-3.7%
Vosges
€113,000-1.6%
Lower-Normandy
Calvados
€162,000-3.6%
Manche
€120,000-3.1%
Orne
€100,000+0.3%
Midi-Pyrénées
Ariège
€105,000-2.5%
Aveyron
€108,000-1.4%
Gers
€130,000-1.4%
Haute-Garonne
€225,000-1.0%
Hautes-Pyrénées
€130,000-1.7%
Lot
€120,000-1.4%
Tarn
€134,300-2.1%
Tarn-et-Garonne
€146,000-1.4%
Nord-Pas-de-Calais
Nord
€148,000-2.4%
Pas-de-Calais
€132,000-3.0%
Pays-de-la-Loire
Loire-Atlantique
€198,000-1.8%
Maine-et-Loire
€142,500-2.6%
Mayenne
€115,000-1.9%
Sarthe
€123,000-1.5%
Vendée€143,000+0.2%
Picardy
Aisne
€105,000-3.3%
Oise
€177,000+0.5%
Somme
€124,200-4.5%
Poitou-Charentes
Charente
€108,000-3.2%
Charente-Maritime
€170,000-1.7%
Deux-Sèvres
€107,000-2.7%
Vienne
€125,000-3.9%
Provence-Alpes-Côte d'Azur
Alpes-de-Haute-Provence
€162,600-4.0%
Alpes-Maritimes€430,000-7.0%
Bouches-du-Rhône
€287,000-3.3%
Hautes-Alpes
€200,000-4.0%
Var€304,600-3.7%
Vaucluse
€210,000-1.9%
Rhône-Alpes
Ain
€189,900-3.0%
Ardèche
€150,800-4.8%
Drôme
€181,000-4.6%
Haute-Savoie
€340,000-3.8%
Isère
€204,700-1.6%
Loire
€150,200-4.4%
Rhône
€270,000-2.5%
Savoie€232,200-4.4%
Upper-Normandy
Eure
€148,000-4.8%
Seine-Maritime
€151,800-2.7%

Source: Notaires de France

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