France real estate activities turnover index
France real estate activities turnover index stood at 109.81 in Jul 2026, according to INSEE – Institut national de la statistique et des études économiques (BDM). It is one of the indicators in the Services production and turnover table (Value · Monthly), with a complete series running from Jan 1999 to Jul 2026. The complete series with an interactive chart, free to download.
This indicator in the Services production and turnover table
| Indicator | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | 10-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Services turnover | |||||||||||
| Real estate (NAF rev. 2, lev. Division, item 68) | 109.81 | 110.27 | 113.14 | 111.58 | 113.52 | 111.54 | 111.84 | 109.89 | 109.85 | 110.2 | |
| Scientific research and development (NAF rev. 2, lev. Division, item 72) | 131.77 | 136.74 | 130.1 | 129.58 | 137.32 | 129.18 | 134.06 | 124.68 | 121.21 | 129.38 |
Understanding france real estate activities turnover index
Receipts from property transactions, leasing agreements, and asset management operations captured by this metric reflect gross sales invoiced by firms classified under real estate activities. The collection tallies billings across residential and commercial property administration, agency commissions earned through brokerage, and direct rental management fees, whilst excluding direct construction outlays and capital gains derived from asset sales. Unlike indices tracking broader business services or specialized technical consulting, this measure focuses strictly on property-related commerce, capturing fluctuations in intermediary service fees and managed portfolios rather than physical brick-and-mortar values.
Interpreting the monthly figures requires accounting for potential reporting delays and subsequent revisions that often refine initial estimates as final administrative returns are processed. Because property markets frequently exhibit distinct cyclical rhythms, comparing sequential monthly variations can sometimes distort underlying momentum due to transient settlement bunching; observing multi-month spans or matching equivalent periods across sequential years offers a more reliable view of structural activity. Analysts should exercise caution when contrasting this nominal or volume index with broader macroeconomic indicators, as real estate receipts often lag behind wider financial market shifts and credit conditions.
Frequently asked questions
- What specific business activities are included in the real estate turnover index?
- The index covers property management fees, brokerage commissions from sales and leasing, and administrative services linked to residential and commercial real estate.
- Does this index measure the total market value of property sales?
- No, it tracks the service revenues and fee income generated by property firms, not the gross capital value of the real estate transacted.
- Why might monthly figures for this sector fluctuate significantly?
- Billings often vary due to the timing of property settlements, seasonal leasing patterns, and the irregular closing dates of large commercial transactions.