House price declines continue in France
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House prices in Metropolitan France fell by 2.75% during the year to Q2 2015, the thirteenth consecutive quarter of year-on-year price declines, according to the National Institute for Statistical and Economic Studies (INSEE). When adjusted for inflation, house prices fell by 2.96%. During the latest quarter, house prices in Metropolitan France fell by 0.58% (-1.47% inflation-adjusted).
In Ile-de-France, France’s wealthiest and most populated region, the average apartment price fell by 2.97% (-3.18% inflation-adjusted) to €5,220 (US$ 5,875) per square metre (sq. m.) during the year to Q2 2015, according to the La Chambre des Notaires de Paris.
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