Prices of houses in existing properties in France (excluding Mayotte) in the 1st quarter of 2024 decreased by 1.6% compared to the previous quarter, according to the Notaries-Insee indices published at 8:45 a.m. Over one year, house prices in existing buildings fell by 4.9% (seasonally adjusted data).
In the previous quarter, prices of old houses were down 1.8% over 3 months and down 3.7% over one year.
What you need to know about this indicator: price indices for old housing are calculated each quarter using an INSEE method in collaboration with notaries. It is based on models allowing the price of a good to be estimated based on its characteristics. Data on sales of old housing and their characteristics (surface area, number of rooms, type of rooms, etc.) are provided by notaries based on transactions carried out during the quarter. The Notaries-Insee indices take into account the type of property (house or apartment) and the geographical area. They are then aggregated to obtain an indicator at the national level.
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