House Prices in France 2014-16
Tuesday 13 June 2017
The movement in house prices in France over the past three years shows substantial variation across the country, but with few signs of any significant increase in prices.
Each year the Notaires de France publish their review of the housing market and the movement in prices.
Using their published analysis from the past three years we set out below the figures for 2014 to 2016 for each department of France. The table also shows the average house price in each department in 2016.
Although for 2016 there are some strangely aberrant figures, the table shows that over the past three years, with very few exceptions, there has been no upward movement in prices, with prices either remaining stable or continuing to fall.
Only in one department of France, the Cote d'Or (Burgundy), have prices risen in each of the three years, but even in this case by a negligible amount.
Conversely, in the 11 departments below prices have fallen consecutively over the past three years:
- Cantal (Auvergne-Rhône-Alpes);
- Yonne (Bourgogne-Franche-Comté);
- Meurthe-et-Moselle, Vosges (Grand Est);
- Charente, Charente-Maritime, Corrèze, Pyrénées-Atlantiques, Haute-Vienne (Nouvelle Aquitaine);
- Lozère (Occitanie) ;
- Vaucluse (Provence-Alpes-Côte d'Azur).
Nevertheless, there are signs of greater upward movement in 2016 in a larger number of departments. In some cases, the variation in prices is exceptionally large, both up and down (eg, Indre, Puy-de-Dôme, Corrèze, Mayenne), and such figures need to be treated with great caution. Overall in the year, the notaires report that house prices rose on average by 1.4%.
There are also indications that the upward movement of prices is continuing in 2017, with the notaires reporting recently that in the first quarter of the year house prices outside of Paris rose by 1.9%, compared to 0.3% in the same period in 2016. At this stage no departmental analysis is available but we will provide more information in due course.
As usual with such figures we need to give our usual health warning that they are obtained from transactions that have taken place in the main urban areas in each department and do not necessarily reflect what is happening to rural properties. Reports we have received from estate agents on our property portal suggests that the market for such properties in most areas continues to be stable or falling.
In addition, the figures take no account of the size or condition of the property, or structural changes that might have occurred in the year in the market eg, a change in demand for lower or higher value properties.
| House Prices 2014-16 | ||||
| Region/Dept | % Change 2014 | % Change 2015 | % Change 2016 | Average Price 2016 |
| AUVERGNE-RHONE-ALPES | ||||
| Ain | -1.6% | +0.2% | -4.3% | €176,900 |
| Allier | +0.9% | -2.9% | +2.2% | €88,000 |
| Ardèche | -0.5% | +0.3% | -3.0% | €142,300 |
| Cantal | -1.9% | -0.5% | -9.1% | €100,000 |
| Drôme | -1.4% | +0.2% | -2.8% | €183,600 |
| Isère | -1.7% | +1.5% | +5.4% | €208,600 |
| Haute-Loire | -1.9% | -0.5% | +2.2% | €115,800 |
| Loire | -1.5% | +0.6% | +3.1% | €148,000 |
| Puy-de-Dôme | -4.8% | +1.9% | +19.7% | €165,200 |
| Rhône | -1.2% | +1.1% | +3.0% | €280,000 |
| Haute-Savoie | -2.6% | +0.3% | -0.2% | €349,300 |
| Savoie | +0.2% | +0.6% | -0.9% | €219,000 |
| BRITTANY | ||||
| Côte d'Amour | -3.5% | +1.9% | +7.7% | €124,900 |
| Finistère | -1.8% | +1.7% | +4.0% | €140,000 |
| IIe-et-Vilaine | -2.6% | +2.4% | +2.9% | €175,000 |
| Morbihan | -0.1% | -0.8% | 0.0% | €165,000 |
| BOURGOGNE FRANCHE-COMTE | ||||
| Belfort | +1.9% | -2.1% | -1.2% | €152,200 |
| Côte-d'Or | +2.5% | +0.1% | +0.1% | €161,000 |
| Doubs | +1.5% | -1.4% | -3.2% | €150,000 |
| Haute-Saône | +2.7% | -3.3% | +10.6% | €117,300 |
| Jura | +2.0% | -2.4% | +11.7% | €134,000 |
| Nièvre | -0.7% | -0.4% | +5.2% | €76,000 |
| Saône-et-Loire | +1.5% | +0.8% | -0.1% | €116,400 |
| Yonne | -5.7% | -2.1% | -8.3% | €110,000 |
| CENTRE-VAL DE LOIRE | ||||
| Cher | -4.7% | -2.0% | +5.6% | €95,000 |
| Eure-et-Loir | -4.1% | -2.8% | 0.0% | €140,000 |
| Indre | -10.0% | +6.7% | -21.7% | €75,000 |
| Indre-et-Loire | -3.3% | +0.7% | -0.6% | €169,900 |
| Loir-et-Cher | -7.2% | -0.8% | +2.1% | €117,400 |
| Loiret | -1.3% | -1.2% | +2.0% | €150,000 |
| GRAND EST | ||||
| Ardennes | -3.2% | +1.4% | +8.4% | €102,400 |
| Aube | +1.1% | -5.0% | +8,3% | €130,000 |
| Haute-Marne | -1.5% | -2.9% | 0.0% | €75,000 |
| Marne | -2.2% | -2.9% | +6.4% | €167,000 |
| Meurthe-et-Moselle | -4.3% | -1.0% | -2.0% | €145,500 |
| Meuse | -2.7% | -3.3% | +2.3% | €90,000 |
| Moselle | -6.0% | +0.8% | +2.9% | €159,000 |
| Bas-Rhin | -0.7% | +2.2% | +1.4% | €208,000 |
| Haut-Rhin | +0.1% | +1.8% | -3.1% | €184,100 |
| Vosges | -2.5% | -3.4% | -7.0% | €106,700 |
| HAUTS DE FRANCE | ||||
| Aisne | -3.3% | -1.4% | +3.7% | €112,000 |
| Nord | -3.4% | +1.0% | +0.9% | €143,600 |
| Oise | -3.9% | +1.6% | +4.7% | €180,000 |
| Pas-de-Calais | -4.6% | +1.6% | +3.8% | €135,000 |
| Somme | -1.4% | -3.9% | +5.9% | €126,000 |
| ILE-DE-FRANCE* | ||||
| Paris | -0.4% | -0.4% | +4.4% | €8,340m2 |
| Seine-Saint-Denis | -1.6% | -1.6% | +1.8% | €5,300m2 |
| Haute-de-Seine | -2.5% | -2.5% | +3.4% | €4,350m2 |
| Val-et-Marne | -1.3% | -1.3% | +3.1% | €3,210m2 |
| Val d'Oise | -1.4% | -1.4% | +2.4% | €2,670m2 |
| Yvelines | -3.8% | -3.8% | +2.8% | €3,700m2 |
| Essonne | -1.1% | -1.1% | +1.0% | €2,580m2 |
| Seine-et-Marne | -1.4% | -1.4% | +1.1% | €2,590m2 |
| NOUVELLE-AQUITAINE | ||||
| Charente | -0.7% | -0.3% | -3.0% | €106,000 |
| Charente-Maritime | -1.2% | -0.0% | -0.1% | €169,800 |
| Corrèze | -1.2% | -1.9% | -15.0% | €85,000 |
| Creuse | -3.8% | -0.8% | +1.7% | €64,100 |
| Deux-Sèvres | -1.8% | -1.1% | +5.0% | €105,000 |
| Dordogne | -2.8% | +1.2% | +7.5% | €118,300 |
| Gironde | -1.0% | +2.9% | +3.7% | €223,000 |
| Landes | -1.6% | -2.5% | +8.3% | €170,000 |
| Lot-et-Garonne | -2.8% | +1.6% | -4.9% | €117,000 |
| Pyrénées-Atlantiques | -0.9% | -1.7% | -0.6% | €203,700 |
| Haute-Vienne | -1.1% | -1.9% | -0.9% | €117,000 |
| Vienne | -2.0% | -2.7% | +6.6% | €130,000 |
| OCCITANIE | ||||
| Ariège | -4.7% | +4.1% | +11.8% | €104,000 |
| Aude | -5.5% | +1.4% | +10.2% | €141,800 |
| Aveyron | -2.1% | +1.6% | +0.8% | €110,900 |
| Gard | -2.8% | -0.4% | +2.1% | €110,900 |
| Gers | -2.1% | +1.5% | +10.2% | €149,800 |
| Haute-Garonne | -2.2% | +0.8% | -1.3% | €220,000 |
| Hautes-Pyrénées | -4.4% | +3.1% | -2.1% | €122,500 |
| Hérault | -4.5% | +1.3% | +3.9% | €208,500 |
| Lot | -2.2% | +1.5% | +2.2% | €125,500 |
| Lozère | -4.4% | -0.7% | -12.1% | €92,300 |
| Pyrénées-Orientales | -6.0% | +0.9% | +3.0% | €170,000 |
| Tarn | -0.8% | +1.9% | -4.7% | €133,500 |
| Tarn-et-Garonne | -0.3% | +1.3% | -0.2% | €142,800 |
| NORMANDY | ||||
| Calvados | -3.2% | +0.6% | +7.1% | €165,000 |
| Manche | -3.2% | +0.2% | -0.4% | €125,000 |
| Orne | -1.4% | -1.4% | +8.8% | €99,000 |
| Eure | -2.1% | +0.3% | +5.9% | €149,500 |
| Seine-Maritime | -4.1% | +0.4% | -1.3% | €150,000 |
| PAYS DE LA LOIRE | ||||
| Loire-Atlantique | -1.6% | +2.3% | +3.1% | €200,000 |
| Maine-et-Loire | -2.2% | +2.6% | -4.7% | €143,000 |
| Mayenne | -2.8% | +2.9% | +15.0% | €115,000 |
| Sarthe | -1.7% | +1.3% | -1.7% | €118,000 |
| Vendée | +0.6% | -0.1% | +0.3% | €145,000 |
| PROVENCE-ALPES-COTE D'AZUR | ||||
| Alpes-de-Haute-Provence | -4.5% | +0.3% | -8.6% | €160,000 |
| Alpes-Maritimes | -3.9% | +1.7% | +1.1% | €440,400 |
| Bouches-du-Rhône | -2.1% | -1.4% | +4.7% | €288,000 |
| Hautes-Alpes | -4.5% | +0.3% | -9.7% | €191,500 |
| Var | -8.3% | +1.1% | +3.1% | €305,000 |
| Vaucluse | -1.7% | -0.2% | -1.7% | €207,000 |
Source: Notaires de France
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