The French real estate market has been booming for the past few years, with the market for non-new apartments benefiting enormously from the increase in sales.
While the price of apartments has not increased as rapidly as that of non-new homes, most regions of France saw prices increase in the second quarter of 2022, according to the latest report from Notaires de France.
Read more: MAP: Rising real estate prices in France – where does your region stand?
Read more: Seven key points from the latest notarial data on property sales in France
This report takes into account all real estate sales and pre-sales that take place in France, with non-new apartments generally being defined as properties that have already been owned at least once.
The latest data covers April – June 2022 and compares prices to the averages of January – March 2022 and also April – June 2021.
It has only recently been published and is the most comprehensive data available as notaries are involved in all property sales in France.
While prices in Ile-de-France have remained fairly stable throughout the past year, outside of Paris the market for non-new apartments has been booming, up 7.6% from April- June of last year.
This table shows the percentage increase in prices for all non-new goods, non-new apartments and non-new houses in mainland France, Ile-de-France and everywhere outside Ile-de-France.
Evolution of real estate prices in France: Q2 2022
The quarterly difference corresponds to the increase between Q1 2022 and Q2 2022. The annual difference corresponds to the increase between Q2 2021 and Q2 2022.
You can see our maps from January to March 2022 here: MAP: France’s property price hike continues – how is your region doing?
How have apartment prices evolved in France?
The map below shows the evolution of median prices for non-new apartments between April – June 2021 and April – June 2022.
Prices have gone up almost everywhere.
For apartments, Paris is unsurprisingly by far the most expensive at €10,590 per m², but this is actually a slight decrease (-0.8%) compared to the same period last year.
In second place is Lyon, at €5,080 per m2, up 0.9% over one year.
Meanwhile, apartment prices are cheapest in Saint Etienne, where the average price per m² is €1,170. This is still an increase of 6.2% compared to April-June 2021.
Apartments in Bourges saw the largest percentage increase in France year-on-year, with prices increasing by 14.3% to an average of €1,480.
This map includes a sample of locations covering a geographical spread of France, so not all cities are shown.
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