Old property prices in France fall by 0.8 in Q2 2023.

According to the Notaires-Insee indices published at 8:45 this morning, prices of old houses and apartments in France (excluding Mayotte) fell by 0.8% in the second quarter of 2023 compared to the previous quarter. Over the year, old property prices increased by 0.5% (in seasonally adjusted data). In the previous quarter, old home prices declined 0.2% over 3 months and increased 2.7% over the year.

What you need to know about this index:

Old property price indices are calculated each quarter by Insee in conjunction with notaries. They are based on models that allow you to estimate the value of a property depending on its characteristics.

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Data on sales of old housing and their characteristics (area, number of rooms, type of rooms...) are provided by the notaries based on transactions concluded during the quarter. The Notaires-Insee indices take into account the type of property (house or apartment) and the geographical area. They are then aggregated to obtain a national index.