France real residential property price index
France real residential property price index stood at 96.34 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Real house prices (BIS) | |||||||||||
| Real residential property price index | 96.34 | 99.01 | 100.11 | 100.35 | 99.16 | 99.88 | 100.04 | 100.65 | 99.34 | 100.55 | |
| Real residential property prices, year-on-year change | -2.84 | -0.87 | 0.07 | -0.3 | -0.18 | -0.67 | -3.1 | -5.13 | -6.62 | -7.35 |
Understanding france real residential property price index
Nominal residential property prices adjusted for economy-wide inflation are tracked through this index, providing a measure of purchasing power changes in the housing market. The calculation takes nominal house price metrics and deflates them using broader consumer price indicators to isolate real asset valuation shifts. Commercial real estate, rental service values, and non-residential structures are excluded from the primary scope. Economists use this metric to evaluate whether housing values are outstripping general inflation, identifying speculative bubbles and real affordability trends across the broader economy.
Analyzing this series requires understanding that movements depend as much on the trajectory of the general price deflator as they do on nominal property valuations. Seasonal effects from the underlying nominal data are generally smoothed, but users must remember that inflation adjustments can introduce secondary lag effects. Revisions occur whenever historical inflation figures or nominal property weights are updated by statistical authorities. Comparing this real index with nominal counterparts clarifies the genuine economic cost of homeownership free from currency devaluation or general consumer inflation distortions.
Frequently asked questions
- How does this index differ from standard nominal house price measures?
- It adjusts nominal property prices using broad inflation measures to reflect true purchasing power changes.
- Are commercial real estate assets included in this deflated index?
- No, commercial properties and non-residential structures are excluded from the residential scope.
- Why is this real index useful for financial stability analysis?
- It helps distinguish genuine asset price appreciation from general inflationary pressures and currency devaluation.