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Le marché de l’immobilier résidentiel en France : évolutions récentes et perspectives

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  • Marianne Rubinstein

Abstract

[eng] The housing market in France : recent developments and prospects . House prices in France have been moving up strongly since 1997. The paper begins by giving some empirical evidence about this increase, comparing the current situation in France with those in other countries. It then examines the causes and consequences of this upward cycle. However, one can expect that this expansion in house prices is at its end. The paper suggests that a soft landing is more likely than a crash of a speculative bubble. . Classification JEL : G21, R21, R31 [fre] Depuis 1997, le marché de l’immobilier résidentiel français connaît une hausse des prix d’une ampleur inégalée lors des précédents cycles haussiers. Après avoir fourni divers éléments de chiffrage et de comparaison internationale, cet article revient sur les causes et les conséquences d’une telle hausse. Celle-ci ne peut toutefois se maintenir durablement à ce rythme. Entre les deux hypothèses retenues - l’éclatement d’une bulle spéculative et l’atterrissage en douceur -, la deuxième hypothèse apparaît la plus probable. . Classification JEL : G21, R21, R31

Suggested Citation

  • Marianne Rubinstein, 2008. "Le marché de l’immobilier résidentiel en France : évolutions récentes et perspectives," Revue d'Économie Financière, Programme National Persée, vol. 91(1), pages 143-163.
    • Handle: RePEc:prs:recofi:ecofi_0987-3368_2008_num_91_1_5064
    DOI: 10.3406/ecofi.2008.5064
    Note: DOI:10.3406/ecofi.2008.5064
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    1. Nathalie Girouard & Mike Kennedy & Paul van den Noord & Christophe André, 2006. "Recent House Price Developments: The Role of Fundamentals," OECD Economics Department Working Papers 475, OECD Publishing.
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      • Olivier Brossard & Valerie Chauvin & Gael Dupont & Eric Heyer & Xavier Timbeau & Françoise Charpin & Hervé Péléraux, 2000. "Croissance.net," SciencePo Working papers Main hal-03458464, HAL.
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    Cited by:

    1. Sabine Le Bayon & Sandrine Levasseur & Pierre Madec, 2013. "Achat de la résidence principale," SciencePo Working papers Main hal-03475964, HAL.
    2. repec:hal:spmain:info:hdl:2441/7o52iohb7k6srk09mgl200438 is not listed on IDEAS
    3. Sabine Le Bayon & Sandrine Levasseur & Pierre Madec, 2013. "Achat de la résidence principale. Le profil des ménages français dans les années 2000," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(2), pages 451-482.
    4. Sabine Le Bayon & Sandrine Levasseur & Christine Rifflart, 2013. "Ville et logement," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(2), pages 7-18.
    5. repec:spo:wpecon:info:hdl:2441/7o52iohb7k6srk09mitalgtqp is not listed on IDEAS
    6. repec:hal:spmain:info:hdl:2441/7o52iohb7k6srk09mitalgtqp is not listed on IDEAS
    7. repec:hal:wpspec:info:hdl:2441/7o52iohb7k6srk09mitalgtqp is not listed on IDEAS

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    More about this item

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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