France monthly hourly labour cost index: real estate
France monthly hourly labour cost index: real estate stood at 149.5 in Jun 2026, according to INSEE – Institut national de la statistique et des études économiques (BDM). It is one of the indicators in the Minimum wage and hourly labour cost table (Value · Monthly), with a complete series running from Dec 2008 to Jun 2026. The complete series with an interactive chart, free to download.
This indicator in the Minimum wage and hourly labour cost table
| Indicator | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | 10-2025 | 09-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Monthly hourly labour cost | |||||||||||
| Total labour costs - Real estate services (NAF rev. 2, item L) | 149.5 | 149.2 | 148.9 | 148.6 | 148.2 | 147.9 | 147.5 | 147 | 146.5 | 146 | |
| Total labour costs - Professional, scientific and technical activities (NAF rev. 2, item M) | 139 | 138.7 | 138.5 | 138.2 | 137.9 | 137.6 | 137.4 | 137.1 | 136.8 | 136.5 |
Understanding france monthly hourly labour cost index: real estate
Real estate service employer expenditure metrics measure total hourly labour costs for property management, agency leasing, and appraisal activities. The index incorporates base salaries, brokerage commissions, and statutory employer social charges per hour worked, omitting property acquisition values and building maintenance costs. This focus isolates property intermediation from construction and financial institutions. Sibling rows track professional services or administrative sectors.
Evaluating this real estate cost index requires accounting for property market cycles, as transactional volumes directly influence commission-based compensation and staffing levels within agencies. Seasonality is present due to peak residential moving periods during spring and summer months. Analysts should utilize annual comparisons to filter out these cyclical property market fluctuations when assessing underlying wage trends. Revisions to early estimates reflect delayed reporting from independent real estate offices and property management firms.
Frequently asked questions
- What specific real estate activities are included in this index?
- Property management, real estate agency operations, and appraisal services are covered.
- Are property purchase prices or construction costs captured here?
- No, capital asset values are excluded; the series measures labour compensation within real estate services.
- How do brokerage commissions affect hourly labour costs?
- Variable commissions paid to agents are included alongside base salaries in total compensation.