Housing in figures in the fourth quarter of 2025

Following the sharp rise observed in the second quarter of 2025 (+4.4% compared with the previous quarter), and the subsequent decline in the third quarter (-3.5%), the trend in house prices in the fourth quarter of 2025 confirms a period of stabilisation. The overall index (covering both existing and under-construction housing) thus rose slightly by +0.4% over the quarter, following the decline in the previous quarter. Over twelve months, the change is virtually zero (+0.1% between the fourth quarter of 2024 and the fourth quarter of 2025). This trend validates the hypothesis put forward previously: the strong activity in the second quarter, linked to anticipation of the end of tax measures, had exerted temporary upward pressure on prices, which subsequently subsided. After two consecutive years of falling prices (-9.1% in 2023 and -5.2% in 2024), the trend reversed in 2025, with house prices rising by 1.6% compared with the previous year.