France nominal house price index
France nominal house price index stood at 125.7 in Q2 2026, according to INSEE – Institut national de la statistique et des études économiques (BDM). It is one of the indicators in the House prices table (Value · Quarterly), with a complete series running from Q1 1970 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the House prices table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Price-to-income and price-to-rent ratios (OECD) | |||||||||||
| Nominal house price index | 125.7 | 127 | 127.3 | 126.8 | 126.8 | 127 | 126.1 | 126 | 126.1 | 126.7 | |
| Real house price index | 100.5 | 102.51 | 103.34 | 103.18 | 103.58 | 103.9 | 103.74 | 103.39 | 103.89 | 104.17 |
Understanding france nominal house price index
Unadjusted market transaction prices for all residential properties surveyed across the entire housing landscape are captured by this index, reflecting raw monetary valuations without accounting for broader currency erosion. Excluded from this headline figure are commercial real estate assets, land parcels sold without building permits, and non-market property transfers such as inheritances or direct gifts. This series serves as the primary unadjusted benchmark, sitting upstream from affordability ratios and inflation-corrected valuations.
Interpreting the series requires caution regarding mix-adjustment methods used to handle variations in the quality and size of properties changing hands across quarters. Quarter-on-quarter movements can reflect temporary compositional shifts rather than broad market momentum, making annual percentage changes a more dependable gauge of price trajectory. Analysts must separate these figures from real price indexes to distinguish nominal market expansion from purchasing power shifts.
Frequently asked questions
- Does this index adjust for general inflation?
- No, it records raw market transaction prices unadjusted for economy-wide consumer price changes.
- Are commercial buildings included in the coverage?
- Only residential properties intended for dwelling purposes are surveyed within this dataset.
- Why might quarter-on-quarter figures fluctuate erratically?
- Changes in the specific mix of properties sold in a given quarter can distort short-term trends, favoring annual comparisons.