Annual house price change in France 2001-2023, per quarter
The financial crisis in 2008 led to steep declines in the hose price in France, followed by some large increases. In 2022, the French property market contracted again, with the inflation-adjusted home price declining by 1.28 percent in the fourth quarter of the year. Despite home prices continuing to increase in real terms, in the second quarter of 2022, the inflation-adjusted price change reached a negative 4.28 percent.