House prices are rising faster in France than apartments

Figures from the Notaires de France show property prices in France have risen over the April to June period despite lockdown at that time

12 December 2020
By Connexion journalist

Property prices in France rose in the second quarter of this year – April to June – despite the spring lockdown, figures from the Notaires de France show.

The findings – the most accurate available, calculated from all property sales around the country – showed something unusual.

For the first time since late 2016, and only the second time since the turn of the century, the rate at which house prices increased nationwide and regionally was routinely faster than that of apartments.

The trend is expected to continue and supports the theory of flat-dwellers looking to move out of the city and into a house after the spring lockdown.

The notaires say apartment prices should grow 2.1% year on year at the end of October, according to preliminary contracts (the first stage sale property signature in France), against 1.8% in the second quarter. House prices are expected to rise 2.6% (against 1.4%) between May and June when the market reopened after the first Covid lockdown.

Unsurprisingly, the biggest rises are around the capital.

In Paris and the Petite Couronne of departments, house prices are expected to rise 9% year on year.

Further afield, Grande Couronne departments circling Paris are set to see rises of 6.1% for flats and 7.6% for houses.

Across the whole of the Ile-de-France, the median price for a traditional house is currently €323,700.

The same trend is in other regions, the notaires reported.

“Projections resulting from the pre-contracts anticipate a continued rise in prices, or even an acceleration of the upward pace in houses.

“At the end of October, the quarterly change looks to be around 1.5% in apartments and 2.5% in houses,” says the notaires’ report.

Related stories

How much of our tax bill is due to having a swimming pool?

Château for sale after more than 1,000 years in same family

Resident or second-home owner in France?
Benefit from our daily digest of headlines and how-to's to help you make the most of life in France
By joining the newsletter, you agree to our Terms & Conditions and Privacy Policy
See more popular articles
The Connexion Help Guides
Income Tax in France 2021 (for 2020 income)*
Featured Help Guide
Order your Income Tax in France guide now for immediate digital access
Get news, views and information from France
You have 2 free subscriber articles left
Subscribe now to read unlimited articles and exclusive content
Already a subscriber? Log in now