The most surprising part of France’s housing story isn’t the boom — it’s how clearly the market peaked in 2022 and then gave back ground without collapsing. According to Eurostat HPI data through Q4 2025, French house prices followed a three-act cycle: steady growth, a sharp run-up, and then a measured correction.
From 2016 to 2021, the market climbed almost continuously. The index rose from 101.84 in Q4 2016 to 127.52 in Q4 2021, with especially strong momentum in 2020 and 2021. In fact, annual growth hit 5.84% by Q4 2020 and stayed above 5.5% through all of 2021, showing how persistent the upswing had become.
The turning point came in 2022, when the index hit a 10-year high of 134.34 in Q3. After that, prices softened through 2023 and 2024, bottoming at 125.68 in Q2 2024. By Q4 2025, the index had edged back up to 127.56, suggesting the market is stabilizing rather than rebounding aggressively.
For anyone watching France’s housing market, the message is pretty clear: this wasn’t a straight-line rally. It was a full cycle, and 2025 looks more like a reset than a new boom.
Read the full analysis with interactive charts and district-level data on Realty Pulse
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