The Notaries-INSEE second-hand dwellings price index for the second quarter of 2023 has revealed that property prices in France fell again over the quarter, and more sharply: ‑0.8% compared to Q1 2023 (provisional seasonally adjusted results), after ‑0.3% in Q1 2023 and +0.2% in Q4 2022.

The rate of annual property price growth has decelerated significantly: falling to +0.5% in Q2 2023, after +2.7% in Q1 2023 and +4.6% in Q4 2022.

In Île-de-France (the Paris region), prices of flats and houses continued to fall for the third quarter in a row: down by -2.0% in Q2 2023, after -1.3% in Q1 2023 and ‑0.2% in Q4 2022. They fell by 2.2% for flats and by 1.7% for houses in Q2 2023.

Over the past 12 months, property prices of second-hand dwellings in Île-de-France fell sharply: -3.1% in Q2 2023, after ‑0.6% in Q1 2023 and +1.3% in Q4 2022.

In Provincial France, the prices of second-hand dwellings fell back in Q2 2023, for the first time since Q3 2016: ‑0.4% in Q2 2023, after +0.2% in Q1 2023 and +0.3% in Q4 2022.