New figures have been published by the Notaires de France in its second-quarter French property market report, revealing a 7% rise in prices overall in the period April to June 30 2021 (compared to April - June 2020).
The report said an “extremely fluid market,” coupled with government measures to mitigate the effects of the Covid pandemic, has emboldened people to make a property purchase.
The data is compiled by the official network of notaires and looks at the evolution of real estate prices and market trends. It is several months behind that of some leading estate agents but is the most comprehensive available as notaires are involved in all transactions nationwide.
Regional differences in property price changes across France
There are marked regional differences in property price changes. Rennes saw a 12.4% annual rise to an average of €3,450 per m2, for flats, while Nice saw a 0.6% rise for flats to €4,090 per m2.
For non-new build houses, Toulon saw a 14% rise in median sale prices to €424,000 and Nancy a rise of 13.8% to an average price of €223,000.
By contrast, the price of houses fell 7.9% in Metz to €226,000 and by 6.8% in Châteauroux (Indre, Centre-Val de Loire) to €116,000.
How have property prices changed in your area?
Search the maps below to see how property prices for flats and homes have evolved in various cities across France.
Flats in France
Non-new-build homes in France
A record number of property transactions
The data also showed that a record number of transactions took place over a 12-month period.
The period August 2020 to August 2021 saw 1,208,000 transactions for non-new-build (ancien) houses and flats, compared with a previous record of 1,123,000 set for the 12-month period ending May 2021.