France real house price index
France real house price index stood at 100.5 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 | Q3-2026 | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Price-to-income and price-to-rent ratios (OECD) | |||||||||||
| Real house price index | 100.5 | 102.51 | 103.34 | 103.18 | 103.58 | 103.9 | 103.74 | 103.39 | 103.89 | ||
| Rent price index | 111.59 | 111.17 | 110.9 | 110.77 | 109.88 | 109.43 | 108.83 | 108.14 | 107.54 | 106.99 |
Understanding france real house price index
Market transaction valuations for residential properties adjusted to remove the distorting effects of economy-wide consumer inflation are compiled in this series. Excluded from this calculation are nominal price gains driven purely by currency depreciation and broader economy-wide price level increases. By deflating raw market prices, this indicator isolates the genuine purchasing power changes and underlying supply-demand imbalances unique to the housing sector.
Reading this metric involves comparing its trajectory against the nominal counterpart to determine whether property values are outpacing general consumer prices. Analysts should utilize annual comparisons rather than short-term quarterly shifts to avoid false signals generated by seasonal transaction patterns and consumer price index revisions. Care must be taken not to treat this indicator as an affordability metric, as it measures asset price purchasing power rather than the ratio of prices to household earnings.
Frequently asked questions
- How is the inflation adjustment applied?
- Nominal property price indexes are deflated using broad consumer price indices to isolate real valuation movements.
- Does this series account for household income levels?
- No, it adjusts only for general consumer price inflation, leaving income comparisons to dedicated affordability ratios.
- Which comparison period is most reliable for analysis?
- Year-on-year changes provide a clearer indication of genuine asset revaluation by smoothing out temporary quarterly inflation swings.