Changes in Home Prices in France since 1998: Causes and Consequences

Marianne Rubinstein Maître de conférences, université Paris Diderot – Paris 7, Sorbonne Paris Cité, CEPN (UMR 7234). Contact : marianne.rubinstein@free.fr.


From 1998 to 2012, the French housing market is experiencing an upward cycle of exceptional magnitude and duration. After providing some empirical evidence and international comparison, this article discusses the factors that explain such an increase before questioning the possibility of a market downturn and the likely impact.


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