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Insee Notary Index: prices of old housing – Second quarter


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Prices of old housing are decelerating slightly.

In the second quarter of 2022, the increase in prices of old housing in France (excluding Mayotte) continues, despite a slight inflection: +1.4% over one quarter (provisional data adjusted for seasonal variations), after +1.7% in the two previous quarters.

Over one year, the increase in prices continues: +6.8% in the second quarter of 2022, after +7.3% in the first quarter and +7.1% in the fourth quarter of 2021. The increase remains more marked for houses (+8.4% year-on-year in the second quarter of 2022) than for apartments (+4.5%), as since the fourth quarter of 2020.

In the second quarter of 2022, the annual volume of transactions decreases slightly : in June 2022, the number of transactions carried out over the last twelve months is estimated at 1,157,000, after 1,176,000 at the end of March 2022.

If we relate this number of transactions to the stock of available housing, which increases by around 1% per year, the proportion of sales has exceeded since 2019 the high level observed at the beginning of the 2000s.

David Ambrosiano, President of the Superior Council of Notaries states: “ As we anticipated in our latest economic notes real estate, the price increase in the second quarter of 2022 shows a slight inflection and the annual volume of transactions decreases slightly. In a context which remains marked by international uncertainties, inflation and a significant contraction in the granting of real estate loans due in particular to a usury rate which has become uncorrelated with nominal rates, the third quarter of 2022 will undoubtedly provide us with a vision of increasingly clear that this will be the 2022 market « .


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