Houses fared significantly worse than flats when it came to price drops in 2024, according to recently released data from a national estate agent.
All but one region of mainland France (no data was collected on Corsica) saw the value of non-new build houses fall, figures from Century 21 show.
At the same time, seven of the 12 regions saw the price of non-new build flats increase, in some regions by over +7%.
Nationally, price drops were not as severe as initially expected in 2024, with a higher number of purchases than forecast in the third quarter helping to end the property market crash early.
This, combined with a reduction in mortgage rates and lower levels of overall inflation, spurred the market on towards the end of the year.
That being said, house price drops were particularly strong in the west, with the Pays de la Loire (-8.7%) and Nouvelle Aquitaine (-6.8%) regions faring the worst.
Average prices per m/² for both flats and houses were highest in the south-east, and lowest in the north-east, with Grand Est being cheapest for flats and Bourgogne-Franche-Comté for houses.
Grand-Est was the only region to see house prices rise in 2024, however.
The average price per m² for a property acquisition across all of France at the end of the year was €2,473 for a house (-3.8% compared to the start of 2024), and €4,113 for a flat (-0.7%).
The average overall price per acquisition was €265,211 for a house (-4.2%) and €224,263 (-0.9%) for a flat.
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More information can be seen in the visual below, which covers price changes across the entirety of 2024.
The information comes with the caveat that it does not cover all sales – only information released by French notaires covers all transactions in France.
Information from notaires is usually one or two quarters behind due to the time it takes to compile the data, meaning a more accurate picture may not be possible until later in the year.
The most recent information from the notaires was released in October 2024, covering up to the second quarter of the year. You can read our article on it below.
