Most areas of France recorded a fall in house prices at the start of 2024, however the level of decrease is slowing, new notaire data shows.
The most recent data shows house prices fell by -0.6% between the first and second quarters of 2024, compared to -1.6% between the final quarter of 2023 and the first quarter of 2024.
Over a 12-month period however, the price of non-new build houses fell in almost all cities between spring 2023 and spring 2024, with only a handful of exceptions. This reflects the wider property market slump experienced in 2022 and 2023.
The data on house prices comes from French notaires and is the most comprehensive information available on the property market.
Due to the volume of data included and the time it takes to compile, the information covers sales up to two quarters prior to the publication date.
Specifically, it looks at the difference in median property prices in the second quarter of 2024 (April 1 - June 30) as compared to the second quarter of 2023.
Prices fell in all areas and all regions, and across all city sizes.
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Only one city, Nantes, recorded a double digit price drop at this time, -10.4%, data for the beginning of 2024 saw many cities record drops of this magnitude.
The highest falls after Nantes were:
Corse-du-Sud and Limoges (-9.8%)
Châteauroux (-9%)
Reims (-8.6%)
Only a handful of areas recorded an increase in price, the highest of which was Le Havre (+6%).
Two other cities recorded a price rise on mainland France: Nîmes (+5.7%) and Amiens (+3.3%). Overseas Réunion saw prices rise by +4.3%.
The most expensive area to purchase a property continues to be the south of France, which remains the case despite the slump in prices.
Three areas recorded a median property value of over €400,000 or more, all located in the south:
Toulon (€441,000)
Corse-du-Sud (€428,800)
Lyon (€400,000)
The next three most expensive areas: Montpellier, Marseille/Aix-en-Provence, and Bordeaux are also all in the south.
Note that for house prices, Paris is included in part of a wider measurement for Île-de-France, with average prices in the suburbs bringing prices down.
In addition, some cities like Nice – which predominantly comprise flats and so have fewer houses – are not included in the data for house prices.
The cheapest cities were found in central France, as has been the case for previous releases of the notaire data.
The cheapest cities are:
Châteauroux: (€124,300)
Limoges (€160,000)
Tours (€166,300)
The data from across France can be seen in the map below.
