French house prices have been booming over the past couple of years, and the period from April 1 - June 30, 2022 was no exception, newly-released data from notaires shows.
While sales are slowly starting to plateau - which is likely to lead to a drop in prices - this does not necessarily mean bad news for the French property market, rather highlighting an exceptional couple of years.
Once again, most areas of France saw prices of non-new houses rise, with only a couple of exceptions.
This latest data covers the second quarter of 2022 (April to June) and compares prices against averages from January - March 2022 (so in the last three months) and also April - June 2021 (so over the previous 12 months).
It was only released recently but is the most comprehensive data available as notaires are involved in all property sales in France.
The table below shows the percentage rise in the prices of non-new properties as a whole, non-new apartments, and non-new houses in Metropolitan France, Ile-de-France, and everywhere outside of Ile-de-France.
Non-new properties are generally defined as homes which have had at least one owner.
Evolution of property prices in France: Q2, 2022
Quarterly difference is the increase between Q1 2022 and Q2 2022. Yearly difference is the increase between Q2 2021 and Q2 2022.
How have house prices changed in France?
The map below shows the evolution of median non-new house prices between April - June 2021 and April - June 2022 around the country.
Prices increased almost everywhere.
Following the latest changes, average house prices were most expensive in Corse-du-Sud, at €450,500 in April – June 2022, a rise of 7% compared to the same period last year.
Other expensive areas included Toulon (€450,000 on average, a rise of 7% year-on-year) and Lyon (€426,100 on average, a rise of 10.7%).
Annual price rises were greatest in Amiens (22.1%) and Chateauroux (17.1%), however these areas remain among the cheapest areas to buy with the average non-new house costing €190,000 and €136,000 respectively.
This steep rises come after both areas saw a decrease in the first quarter of 2022.