The median price of established houses located outside of Paris and the Ile-de-France region was 10% more than in the first quarter of 2022 compared to the same period in 2021, newly published data by France’s official network of notaires shows.
Coastal areas in particular have seen significant rises since the Covid pandemic began and working from home became more widespread.
This trend is continuing, with non-new house prices in January to March (Q1) this year up 2% compared to January to March last year.
Within Ile-de-France, non-new house prices were up 5.7% year-on-year in Q1, an increase of 1.2% compared to October to December 2021.
The price of flats was also up year-on-year inside and outside Ile-de-France but to a more moderate level.
Some of the places where non-new house prices have increased the most in the past year are Nancy (Meurthe-et-Moselle), up 15.3%, Montauban (Tarn-et-Garonne), up 14.6%, Nîmes (Gard), up 14.7% and Brest (Finistère), up 14%.
Non-new house prices have been increasing almost everywhere but there are a few notable exceptions to this, including Amiens (Somme), where they are down 2.5% year-on-year, Châteauroux (Indre), down 3.6% and Metz (Moselle), down 3%.
The data from the Notaires de France report is the fullest property information available as it takes into account all property sales and pre-sales that occur in France rather than data from individual estate agents.
It takes several months to compile, hence why the latest one showing this year’s first quarter has only just been published.
The data looks at sales of ‘non-new properties’ (logements anciens). France distinguishes between new houses and non-new houses, which both have very specific definitions but can generally be thought of as second-hand houses and new builds.
House price breakdown
The map below shows the evolution of how the median non-new house price has changed from the first quarter (Q1) 2021 to Q1 2022.
Prices are increasing almost everywhere, with the exception of a few places.
This map includes a sample of places covering a geographical spread of France, so not all towns or cities are represented.
Apartment price breakdown
The map below shows the evolution of how the median price per square metre of non-new flats has changed from the first quarter (Q1) 2021 to Q1 2022.
Again, prices are increasing almost everywhere and in some places quite significantly, such as in Bourges (Cher), up 23.2%, in Besançon (Doubs), up 12.3% and in Metz (Moselle), up 12.1%.
Prices are going down in just a few places, most notably in Paris where they have dropped 1.2% per square metre in the past year.