housing will weigh more heavily in the budget in 2022

Housing is the first item of household expenditure, ahead of food and transport. And in 2022, it risks weighing even more heavily on our budgets, according to the data published by INSEE at the end of November concerning the latest inflation figures. After being minimal in 2020, it started to rise again at the same time as activity resumed, after the peak of the pandemic.

For owners: the property tax will go up

In 2021, the harmonized consumer price index thus increased by 3.4%, while in 2020, it had increased by only 0.2%. However, it is from this figure that the property tax is calculated. It could therefore also experience an increase of 3.4%, or even more. However, it is not impossible that it does not increase as much, as Capital explains : local governments can decide to reduce the property tax rate, and the state can also take action against inflation, even if nothing yet suggests that this is what will happen.

Rents may also be affected

The owners will therefore see a notable difference in their budget compared to the year which has just passed. But they won’t be the only ones whose housing will eat up a larger share of their income. Renters are also at risk of the consequences of inflation, since the consumer price index is also used to calculate the rent benchmark. Like consumer prices, the benchmark rent index increased much less in 2020 than in previous years, and started to rise again in 2021. However, it is difficult to predict how much its rent will increase in the next year. .

Home insurance could skyrocket in the coming years

And the share of housing in the portfolio of the French is surely not about to drop again in the years that will follow. Another expense is likely to make it jump in the coming years: home insurance. The insurance comparator “Reassure me” told Capital its projections, which are based on the latest IPCC report. Home insurance will increase over the next few years due to global warming, which increases the risk of natural disasters. The comparator believes that this could cause a sharp increase in the amount of compensation paid by insurance companies, which would be reflected in their prices. In the worst-case scenario for the environment, the average amount of insurance for a house or apartment in 2030 could be twice as high as it is today. On the other hand, there will surely be disparities between regions, some being more affected than others by natural disasters.

As spending on leisure picks up, for example travel that was impossible during the onset of the pandemic, these additional spending on housing, but also rising energy prices, are likely to be just as bad. surprises for purchasing power next year.


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