{"id":3340,"date":"2021-11-27T15:18:49","date_gmt":"2021-11-27T15:18:49","guid":{"rendered":"https:\/\/www.rock-n-data.io\/?p=3340"},"modified":"2021-11-27T15:18:49","modified_gmt":"2021-11-27T15:18:49","slug":"limmobilier-face-a-linflation","status":"publish","type":"post","link":"https:\/\/www.rock-n-data.io\/fr\/limmobilier-face-a-linflation\/","title":{"rendered":"L\u2019immobilier face \u00e0 l\u2019inflation"},"content":{"rendered":"\n

Face \u00e0 la mont\u00e9e des prix et les pressions inflationnistes actuelles, la brique peut s'av\u00e9rer \u00eatre une v\u00e9ritable valeur de r\u00e9silience. Fort de cette image, l'immobilier continue d'attirer les \u00e9pargnants qui souhaitent prot\u00e9ger leurs placements contre l'inflation.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Le ph\u00e9nom\u00e8ne de l\u2019inflation<\/strong><\/h2>\n\n\n\n

Il y a plusieurs d\u00e9cennies, Milton Friedman expliquait que l'inflation \u00e9tait toujours et partout un ph\u00e9nom\u00e8ne mon\u00e9taire*. Force est de constater que la croissance mon\u00e9taire men\u00e9e depuis plusieurs ann\u00e9es par les banques centrales n\u2019a pas v\u00e9ritablement impact\u00e9 les prix \u00e0 la consommation. Pour rappel, l\u2019inflation prend en compte tous les biens et services consomm\u00e9s par les m\u00e9nages durant l\u2019ann\u00e9e consid\u00e9r\u00e9e.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Comme expliqu\u00e9 ci-dessus, les prix \u00e0 la consommation sont globalement rest\u00e9s stables ces derni\u00e8res ann\u00e9es. Pourtant, l\u2019argent circulant dans l\u2019\u00e9conomie n\u2019a jamais \u00e9t\u00e9 aussi important en t\u00e9moigne la quantit\u00e9 de monnaie inject\u00e9e par la banque centrale europ\u00e9enne dont le bilan a d\u00e9pass\u00e9 les 8000 milliards d\u2019euros en juillet dernier (source Bloomberg).<\/p>\n\n\n\n

Face \u00e0 cette faible inflation, les banques centrales ont continu\u00e9 d\u2019afficher des taux directeurs bas dans l\u2019optique de continuer \u00e0 dynamiser l\u2019\u00e9conomie et les investissements gr\u00e2ce \u00e0 un faible co\u00fbt de l\u2019emprunt propos\u00e9 par les banques commerciales. <\/p>\n\n\n\n

De surcro\u00eet, pour maintenir \u00e0 flot l'\u00e9conomie pendant cette crise sanitaire, les banques centrales ont acc\u00e9l\u00e9r\u00e9 le processus de cr\u00e9ation mon\u00e9taire tout en garantissant des taux tr\u00e8s faibles.<\/p>\n\n\n\n

Cette forte injection de liquidit\u00e9 aura permis de maintenir la bourse \u00e0 des niveaux records gonflant par cons\u00e9quent la valeur de nombreux actifs financiers. Bien que cette hausse des prix ait longtemps \u00e9t\u00e9 retard\u00e9e au sein de l\u2019\u00e9conomie r\u00e9elle, les pressions inflationnistes commencent \u00e0 voir le jour, notamment sur les mati\u00e8res premi\u00e8res (p\u00e9trole, bois, bl\u00e9). L\u2019arr\u00eat total de l\u2019\u00e9conomie et de la production en 2020 suite \u00e0 la crise sanitaire a \u00e9galement provoqu\u00e9 des p\u00e9nuries sur divers secteurs et donc une hausse des prix. Par exemple, les promoteurs font face \u00e0 une forte p\u00e9nurie de mat\u00e9riaux de construction. Les fournisseurs peinent \u00e0 remplir les stocks face \u00e0 une demande croissante. <\/p>\n\n\n\n

Pour contrer cette potentielle inflation, diverses classes d\u2019actifs peuvent faire preuve de r\u00e9silience. Parmi celles-ci, l'immobilier.<\/p>\n\n\n\n

<\/p>\n\n\n\n

La brique comme valeur de r\u00e9silience<\/strong><\/h2>\n\n\n\n

<\/p>\n\n\n\n

En cas d\u2019inflation et de mont\u00e9e des prix, les banques commerciales pourraient d\u00e9cider d\u2019augmenter leurs taux directeurs. Le taux directeur est le taux auquel les banques commerciales se refinancent aupr\u00e8s des banques centrales. Avec une remont\u00e9e globale des taux, les banques augmenteront aussi le co\u00fbt auquel il est possible d\u2019emprunter. Les personnes d\u00e9j\u00e0 endett\u00e9es ne sont pas directement impact\u00e9es puisqu\u2019elles auront emprunt\u00e9 \u00e0 taux fixe. Ce sera n\u00e9anmoins plus compliqu\u00e9 d\u2019obtenir un financement pour les nouveaux arrivants compte tenu d\u2019un taux potentiellement plus \u00e9lev\u00e9. <\/p>\n\n\n\n

Les propri\u00e9taires et investisseurs peuvent, quant \u00e0 eux, se voir avantag\u00e9s. Dans l\u2019immobilier r\u00e9sidentiel, les loyers sont index\u00e9s sur l\u2019inflation. Le propri\u00e9taire utilisera la hausse de ses revenus locatifs pour rembourser ses mensualit\u00e9s inchang\u00e9es. Il s\u2019agit d\u2019une v\u00e9ritable source potentielle de flux de tr\u00e9sorerie futurs.<\/p>\n\n\n\n

Toutefois, si moins de personnes sont en mesure d\u2019emprunter, alors la demande diminue et une correction des prix \u00e0 la baisse pourrait avoir lieu. <\/p>\n\n\n\n

Si nous \u00e9voquons d\u00e9sormais les rendements, ces derniers auront tendance \u00e0 diminuer dans une \u00e9conomie inflationniste. Un taux de rendement r\u00e9el est un taux de rendement net de l\u2019inflation. Un placement vous rapportant 3% mais avec une inflation \u00e0 2% ne vous rapporte en r\u00e9alit\u00e9 que 1 %. Ce calcul reste approximatif mais confirme l\u2019importance de s\u2019orienter vers des rendements sup\u00e9rieurs \u00e0 ce que proposent les livrets d\u2019\u00e9pargne classique.<\/p>\n\n\n\n

<\/p>\n\n\n\n

De mani\u00e8re g\u00e9n\u00e9rale, les investisseurs et \u00e9pargnants ayant plac\u00e9 leur argent sur des placements attractifs subiront de fa\u00e7on plus l\u00e9g\u00e8re la hausse globale des prix. Nous comprenons bien ici l\u2019int\u00e9r\u00eat de diversifier son \u00e9pargne autour de rendements attractifs et stable en capacit\u00e9 de contrer une potentielle inflation.<\/p>\n","protected":false},"excerpt":{"rendered":"

Face \u00e0 la mont\u00e9e des prix et les pressions inflationnistes actuelles, la brique peut s'av\u00e9rer \u00eatre une v\u00e9ritable valeur de r\u00e9silience ...<\/p>\n","protected":false},"author":6,"featured_media":3341,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[2],"tags":[11],"class_list":["post-3340","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-non-classifiee","tag-immobilier-commercial","post-wrapper"],"acf":[],"yoast_head":"\nImmobilier et inflation : comprendre les enjeux<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rock-n-data.io\/fr\/limmobilier-face-a-linflation\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Immobilier et inflation : comprendre les enjeux\" \/>\n<meta property=\"og:description\" content=\"Face \u00e0 la mont\u00e9e des prix et les pressions inflationnistes actuelles, la brique peut s'av\u00e9rer \u00eatre une v\u00e9ritable valeur de r\u00e9silience ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rock-n-data.io\/fr\/limmobilier-face-a-linflation\/\" \/>\n<meta property=\"og:site_name\" content=\"Rock & DATA\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-27T15:18:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rock-n-data.io\/wp-content\/uploads\/2021\/11\/f500235_766277041-gettyimages-1255580364.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1377\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Rock & DATA\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u00c9crit par\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rock & DATA\" \/>\n\t<meta name=\"twitter:label2\" content=\"Dur\u00e9e de lecture estim\u00e9e\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.rock-n-data.io\\\/fr\\\/limmobilier-face-a-linflation\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.rock-n-data.io\\\/fr\\\/limmobilier-face-a-linflation\\\/\"},\"author\":{\"name\":\"Rock & DATA\",\"@id\":\"https:\\\/\\\/www.rock-n-data.io\\\/fr\\\/#\\\/schema\\\/person\\\/9bc10987a0538f4580eb261ee8bb3257\"},\"headline\":\"L\u2019immobilier face \u00e0 l\u2019inflation\",\"datePublished\":\"2021-11-27T15:18:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.rock-n-data.io\\\/fr\\\/limmobilier-face-a-linflation\\\/\"},\"wordCount\":718,\"image\":{\"@id\":\"https:\\\/\\\/www.rock-n-data.io\\\/fr\\\/limmobilier-face-a-linflation\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.rock-n-data.io\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/f500235_766277041-gettyimages-1255580364.jpeg\",\"keywords\":[\"Immobilier Commercial\"],\"articleSection\":[\"Non classifi\u00e9(e)\"],\"inLanguage\":\"fr-FR\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.rock-n-data.io\\\/fr\\\/limmobilier-face-a-linflation\\\/\",\"url\":\"https:\\\/\\\/www.rock-n-data.io\\\/fr\\\/limmobilier-face-a-linflation\\\/\",\"name\":\"Immobilier et inflation : comprendre les enjeux\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.rock-n-data.io\\\/fr\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.rock-n-data.io\\\/fr\\\/limmobilier-face-a-linflation\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.rock-n-data.io\\\/fr\\\/limmobilier-face-a-linflation\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.rock-n-data.io\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/f500235_766277041-gettyimages-1255580364.jpeg\",\"datePublished\":\"2021-11-27T15:18:49+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.rock-n-data.io\\\/fr\\\/#\\\/schema\\\/person\\\/9bc10987a0538f4580eb261ee8bb3257\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.rock-n-data.io\\\/fr\\\/limmobilier-face-a-linflation\\\/#breadcrumb\"},\"inLanguage\":\"fr-FR\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.rock-n-data.io\\\/fr\\\/limmobilier-face-a-linflation\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\\\/\\\/www.rock-n-data.io\\\/fr\\\/limmobilier-face-a-linflation\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.rock-n-data.io\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/f500235_766277041-gettyimages-1255580364.jpeg\",\"contentUrl\":\"https:\\\/\\\/www.rock-n-data.io\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/f500235_766277041-gettyimages-1255580364.jpeg\",\"width\":1377,\"height\":667,\"caption\":\"Orange toy house is sitting over coin stacks. Horizontal composition with selective focus and copy space. Real Estate and Insurance concept.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.rock-n-data.io\\\/fr\\\/limmobilier-face-a-linflation\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.rock-n-data.io\\\/fr\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"L\u2019immobilier face \u00e0 l\u2019inflation\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.rock-n-data.io\\\/fr\\\/#website\",\"url\":\"https:\\\/\\\/www.rock-n-data.io\\\/fr\\\/\",\"name\":\"Rock & DATA\",\"description\":\"When data meets commercial real estate investment\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.rock-n-data.io\\\/fr\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"fr-FR\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.rock-n-data.io\\\/fr\\\/#\\\/schema\\\/person\\\/9bc10987a0538f4580eb261ee8bb3257\",\"name\":\"Rock & DATA\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/b94d4fc7b613a57715e272f17d430c39f49617a953e6b09d5da69b3774d096c0?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/b94d4fc7b613a57715e272f17d430c39f49617a953e6b09d5da69b3774d096c0?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/b94d4fc7b613a57715e272f17d430c39f49617a953e6b09d5da69b3774d096c0?s=96&d=mm&r=g\",\"caption\":\"Rock & DATA\"},\"url\":\"https:\\\/\\\/www.rock-n-data.io\\\/fr\\\/author\\\/contact\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Immobilier et inflation : comprendre les enjeux","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rock-n-data.io\/fr\/limmobilier-face-a-linflation\/","og_locale":"fr_FR","og_type":"article","og_title":"Immobilier et inflation : comprendre les enjeux","og_description":"Face \u00e0 la mont\u00e9e des prix et les pressions inflationnistes actuelles, la brique peut s'av\u00e9rer \u00eatre une v\u00e9ritable valeur de r\u00e9silience ...","og_url":"https:\/\/www.rock-n-data.io\/fr\/limmobilier-face-a-linflation\/","og_site_name":"Rock & DATA","article_published_time":"2021-11-27T15:18:49+00:00","og_image":[{"width":1377,"height":667,"url":"https:\/\/www.rock-n-data.io\/wp-content\/uploads\/2021\/11\/f500235_766277041-gettyimages-1255580364.jpeg","type":"image\/jpeg"}],"author":"Rock & DATA","twitter_card":"summary_large_image","twitter_misc":{"\u00c9crit par":"Rock & DATA","Dur\u00e9e de lecture estim\u00e9e":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rock-n-data.io\/fr\/limmobilier-face-a-linflation\/#article","isPartOf":{"@id":"https:\/\/www.rock-n-data.io\/fr\/limmobilier-face-a-linflation\/"},"author":{"name":"Rock & DATA","@id":"https:\/\/www.rock-n-data.io\/fr\/#\/schema\/person\/9bc10987a0538f4580eb261ee8bb3257"},"headline":"L\u2019immobilier face \u00e0 l\u2019inflation","datePublished":"2021-11-27T15:18:49+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rock-n-data.io\/fr\/limmobilier-face-a-linflation\/"},"wordCount":718,"image":{"@id":"https:\/\/www.rock-n-data.io\/fr\/limmobilier-face-a-linflation\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rock-n-data.io\/wp-content\/uploads\/2021\/11\/f500235_766277041-gettyimages-1255580364.jpeg","keywords":["Immobilier Commercial"],"articleSection":["Non classifi\u00e9(e)"],"inLanguage":"fr-FR"},{"@type":"WebPage","@id":"https:\/\/www.rock-n-data.io\/fr\/limmobilier-face-a-linflation\/","url":"https:\/\/www.rock-n-data.io\/fr\/limmobilier-face-a-linflation\/","name":"Immobilier et inflation : comprendre les enjeux","isPartOf":{"@id":"https:\/\/www.rock-n-data.io\/fr\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rock-n-data.io\/fr\/limmobilier-face-a-linflation\/#primaryimage"},"image":{"@id":"https:\/\/www.rock-n-data.io\/fr\/limmobilier-face-a-linflation\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rock-n-data.io\/wp-content\/uploads\/2021\/11\/f500235_766277041-gettyimages-1255580364.jpeg","datePublished":"2021-11-27T15:18:49+00:00","author":{"@id":"https:\/\/www.rock-n-data.io\/fr\/#\/schema\/person\/9bc10987a0538f4580eb261ee8bb3257"},"breadcrumb":{"@id":"https:\/\/www.rock-n-data.io\/fr\/limmobilier-face-a-linflation\/#breadcrumb"},"inLanguage":"fr-FR","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rock-n-data.io\/fr\/limmobilier-face-a-linflation\/"]}]},{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/www.rock-n-data.io\/fr\/limmobilier-face-a-linflation\/#primaryimage","url":"https:\/\/www.rock-n-data.io\/wp-content\/uploads\/2021\/11\/f500235_766277041-gettyimages-1255580364.jpeg","contentUrl":"https:\/\/www.rock-n-data.io\/wp-content\/uploads\/2021\/11\/f500235_766277041-gettyimages-1255580364.jpeg","width":1377,"height":667,"caption":"Orange toy house is sitting over coin stacks. Horizontal composition with selective focus and copy space. Real Estate and Insurance concept."},{"@type":"BreadcrumbList","@id":"https:\/\/www.rock-n-data.io\/fr\/limmobilier-face-a-linflation\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rock-n-data.io\/fr\/"},{"@type":"ListItem","position":2,"name":"L\u2019immobilier face \u00e0 l\u2019inflation"}]},{"@type":"WebSite","@id":"https:\/\/www.rock-n-data.io\/fr\/#website","url":"https:\/\/www.rock-n-data.io\/fr\/","name":"Rock & DATA","description":"When data meets commercial real estate investment","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rock-n-data.io\/fr\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"fr-FR"},{"@type":"Person","@id":"https:\/\/www.rock-n-data.io\/fr\/#\/schema\/person\/9bc10987a0538f4580eb261ee8bb3257","name":"Rock & DATA","image":{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/secure.gravatar.com\/avatar\/b94d4fc7b613a57715e272f17d430c39f49617a953e6b09d5da69b3774d096c0?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/b94d4fc7b613a57715e272f17d430c39f49617a953e6b09d5da69b3774d096c0?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b94d4fc7b613a57715e272f17d430c39f49617a953e6b09d5da69b3774d096c0?s=96&d=mm&r=g","caption":"Rock & DATA"},"url":"https:\/\/www.rock-n-data.io\/fr\/author\/contact\/"}]}},"_links":{"self":[{"href":"https:\/\/www.rock-n-data.io\/fr\/wp-json\/wp\/v2\/posts\/3340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rock-n-data.io\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rock-n-data.io\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rock-n-data.io\/fr\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rock-n-data.io\/fr\/wp-json\/wp\/v2\/comments?post=3340"}],"version-history":[{"count":0,"href":"https:\/\/www.rock-n-data.io\/fr\/wp-json\/wp\/v2\/posts\/3340\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rock-n-data.io\/fr\/wp-json\/wp\/v2\/media\/3341"}],"wp:attachment":[{"href":"https:\/\/www.rock-n-data.io\/fr\/wp-json\/wp\/v2\/media?parent=3340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rock-n-data.io\/fr\/wp-json\/wp\/v2\/categories?post=3340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rock-n-data.io\/fr\/wp-json\/wp\/v2\/tags?post=3340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}