What happened to house prices in France in 2025

Here’s a 2025 report on house prices across France, using INSEE (indices Notaires-INSEE des prix des logements anciens) as the source. Where INSEE says “logements anciens”, it refers to existing homes, split into maisons (houses) and appartements.

Big picture: houses were basically flat on the year, with a mid-year wobble

INSEE’s Notaires-INSEE index shows that house prices (existing homes) in France (hors Mayotte) ended up only slightly higher year-on-year in 2025, and the path was bumpy:

• Q1 2025: houses +1.2% over the quarter; +0.2% year-on-year.

• Q2 2025: houses -0.4% over the quarter; +0.5% year-on-year.

• Q3 2025 (provisional): houses -0.4% over the quarter; +0.2% year-on-year.

Takeaway: 2025 looked like a stabilisation year for houses nationally—not a big rebound, not a big drop.

Île-de-France vs Province: a clear split

Île-de-France: house prices kept falling year-on-year

Even when the overall Île-de-France market started to show signs of stabilising, houses specifically stayed negative on the year:

• Q1 2025: houses -1.1% year-on-year.

• Q2 2025: houses -0.8% year-on-year.

• Q3 2025: houses -1.3% year-on-year.

INSEE also reports quarterly movements for Île-de-France houses swinging from +1.3% (Q1) to -0.1% (Q2) to -0.8% (Q3), a choppy year where houses didn’t keep the early-2025 bounce.

Province/ All of France excluding Île-de-France: modest positive growth through 2025

In the Province, house prices were mildly positive year-on-year throughout 2025:

• Q1 2025: houses +0.5% year-on-year.

• Q2 2025: houses +0.4% year-on-year.

• Q3 2025: houses +0.5% year-on-year.

So the national “flat-ish” result is basically: Regions slightly up, Île-de-France houses still down.

INSEE’s splits show that apartments were generally stronger than houses in 2025, which matters because it signals demand/price support was more concentrated in denser markets while the house market stayed softer. For example, in France overall in Q3 2025, apartments were +1.3% YoY while houses were +0.2% YoY.

(p) = provisional, as INSEE labels Q3 2025 in that release.