France price-to-income ratio
France price-to-income ratio stood at 92.19 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 1978 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Affordability ratios | |||||||||||
| Price-to-income ratio | 92.19 | 93.46 | 94.04 | 94.05 | 93.95 | 94.24 | 93.08 | 92.78 | 93.89 | 94.64 | |
| Price-to-rent ratio | 113.07 | 114.52 | 114.93 | 115.4 | 115.87 | 116.7 | 116.6 | 117.17 | 117.86 | 119.21 |
Understanding france price-to-income ratio
The numerical relationship between residential property purchase prices and median household disposable earnings is calculated within this structural metric. Excluded from this ratio are non-wage household assets, commercial business revenues, and properties acquired by non-resident foreign investors whose incomes are not captured in domestic tallies. This indicator synthesizes property valuation trends with wage developments to gauge overall housing market accessibility for working households.
Reading this affordability measure requires accounting for structural shifts in household borrowing capacity and lending standards that can disconnect prices from immediate earnings. Annual evaluations provide the most honest assessment, as quarterly wage data releases often undergo retrospective revisions. Analysts must avoid using this raw ratio as a standalone valuation timer, as low borrowing costs can sustain elevated ratios without signaling immediate market correction.
Frequently asked questions
- What two variables create this ratio?
- Nominal residential property purchase prices are divided by median household disposable income per capita.
- Does this metric factor in mortgage interest rates?
- No, it compares direct asset prices against earnings without capturing the monthly debt-servicing cost influenced by interest rates.
- Why are annual comparisons preferred over quarterly ones?
- Household income data is typically compiled at lower frequencies and subject to revisions, making annual trends more stable.