According to the Indice des Prix Immobiliers (IPI), in the first six months of 2026, housing prices in France increased by an average of only 0.1%. This stability hides sharp regional contrasts.: rural areas show an increase of +6.1%, while large cities are adding significantly more modestly. Among the megacities, Nantes (+3.5%), Marseille (+2.7%), Rennes (+2.6%) and Lyon (+2.1%) are leading, while Bordeaux (-2.5%), Nice (-0.9%) and Lille (-0.6%) continue to correct. Paris shows moderate growth of 0.5%.
The exposure dates of objects move in different directions. In seven of the eleven largest cities, they have decreased in recent months, especially noticeably in Nantes (-22 days), Montpellier and Bordeaux (-14 days). However, year-on-year sales times in seven cities are still longer than a year ago, with a record increase recorded in Rennes (+40 days).
The main negative factor is the resumption of mortgage rate growth. In June, the European Central Bank raised key interest rates amid geopolitical tensions and inflationary pressures. By the end of the year, average loan rates may approach 4%, which will increase the monthly payment by about 25 euros for every 100,000 euros of the loan. Nevertheless, experts emphasize that the current situation is much milder than the crisis of 2022-2023, as prices in many markets have already adjusted, household incomes have increased, and banks remain ready to lend.
Until the end of 2026, analysts predict prices to remain at the current level without strong growth. The crucial factor will be the financing schedule: a new rate hike after the summer is not excluded. At the same time, the market today offers more choice than in 2021-2022, and sellers have become more accommodating in bargaining.
The approach of the presidential elections in 2027 adds additional uncertainty. The housing policy of the future candidates is already affecting the confidence of buyers, especially in the segment of high-end real estate.
Source: SeLoger
