This is the first quarterly decline since 2015. Much of the national average decline is due to lower prices in and around Paris. Areas outside Ile-de-France have seen a slight overall increase. The drop is more noticeable for apartments than houses, but this is largely due to the influence of Paris on the overall scene as the trend shifts to areas outside the capital. For the second quarter in a row, property prices in Ile-de-France are falling. This time down 1.1% compared to the previous quarter, after falling 0.5% at the end of 2022. In Paris itself, they fell for the third quarter in a row (a quarterly drop of 1.2%), and on an annualized basis – by 2%.