{"id":9044,"date":"2026-02-19T09:46:25","date_gmt":"2026-02-19T08:46:25","guid":{"rendered":"https:\/\/wp.unil.ch\/hecoutreach\/?p=9044"},"modified":"2026-02-19T09:49:53","modified_gmt":"2026-02-19T08:49:53","slug":"quand-la-transition-energetique-redefinit-la-valeur-immobiliere","status":"publish","type":"post","link":"https:\/\/wp.unil.ch\/hecoutreach\/fr\/quand-la-transition-energetique-redefinit-la-valeur-immobiliere\/","title":{"rendered":"Quand la transition \u00e9nerg\u00e9tique red\u00e9finit la valeur immobili\u00e8re"},"content":{"rendered":"\n<p>A mesure que les r\u00e9glementations climatiques et \u00e9nerg\u00e9tiques se renforcent en Suisse, une question s\u2019impose : <strong>quelle est la valeur r\u00e9elle d\u2019un b\u00e2timent aujourd\u2019hui si des r\u00e9novations co\u00fbteuses deviennent obligatoires demain ?<\/strong> Une recherche men\u00e9e par Eric Jondeau (HEC Lausanne) et Alexandre Pauli (E4S\u2013EPFL), en collaboration avec E4S, propose de repenser la valeur immobili\u00e8re \u00e0 la lumi\u00e8re des risques li\u00e9s \u00e0 la transition climatique &#8211; en amenant des \u00e9l\u00e9ments concrets aux investisseurs, propri\u00e9taires et d\u00e9cideurs\u00b7euses confront\u00e9s \u00e0 un cadre r\u00e9glementaire en pleine \u00e9volution.<\/p>\n\n\n\n<p>Les chercheurs ont d\u00e9velopp\u00e9 un instrument financier capable d&rsquo;anticiper l&rsquo;impact des futures exigences en mati\u00e8re de r\u00e9novation \u00e9nerg\u00e9tique sur la valeur actuelle d&rsquo;un bien immobilier. Leur travail red\u00e9finit la valeur \u00e9cologique non pas comme une prime de durabilit\u00e9, mais comme une r\u00e9duction du risque financier futur, en int\u00e9grant dans l&rsquo;\u00e9valuation d&rsquo;aujourd&rsquo;hui les contraintes r\u00e9glementaires et les co\u00fbts de demain.<\/p>\n\n\n\n<p>Les r\u00e9sultats montrent que les b\u00e2timents les plus expos\u00e9s aux futures contraintes r\u00e9glementaires et \u00e0 l\u2019incertitude associ\u00e9e subissent d\u00e9j\u00e0 une d\u00e9cote mesurable, illustrant la mani\u00e8re dont les politiques climatiques transforment progressivement la valorisation immobili\u00e8re.<\/p>\n\n\n\n<p>Cette \u00e9tude est disponible <a href=\"https:\/\/e4s.center\/resources\/reports\/anticipating-the-energy-discount-a-valuation-framework-for\/\">sur le site d&rsquo;E4S<\/a>. <a href=\"https:\/\/e4s.center\/news\/interview-on-the-green-value-of-real-estate\/\">Une interview<\/a> des chercheurs fournit \u00e9galement plus de d\u00e9tails sur la m\u00e9thodologie et ses implications pratiques.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A mesure que les r\u00e9glementations climatiques et \u00e9nerg\u00e9tiques se renforcent en Suisse, une question s\u2019impose : quelle est la valeur r\u00e9elle d\u2019un b\u00e2timent aujourd\u2019hui si des r\u00e9novations co\u00fbteuses&hellip;<\/p>\n","protected":false},"author":1001243,"featured_media":9052,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[944,942,937],"tags":[],"class_list":{"0":"post-9044","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-esg-fr","8":"category-finance-et-assurances","9":"category-recherche"},"_links":{"self":[{"href":"https:\/\/wp.unil.ch\/hecoutreach\/fr\/wp-json\/wp\/v2\/posts\/9044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wp.unil.ch\/hecoutreach\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wp.unil.ch\/hecoutreach\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wp.unil.ch\/hecoutreach\/fr\/wp-json\/wp\/v2\/users\/1001243"}],"replies":[{"embeddable":true,"href":"https:\/\/wp.unil.ch\/hecoutreach\/fr\/wp-json\/wp\/v2\/comments?post=9044"}],"version-history":[{"count":4,"href":"https:\/\/wp.unil.ch\/hecoutreach\/fr\/wp-json\/wp\/v2\/posts\/9044\/revisions"}],"predecessor-version":[{"id":9048,"href":"https:\/\/wp.unil.ch\/hecoutreach\/fr\/wp-json\/wp\/v2\/posts\/9044\/revisions\/9048"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wp.unil.ch\/hecoutreach\/fr\/wp-json\/wp\/v2\/media\/9052"}],"wp:attachment":[{"href":"https:\/\/wp.unil.ch\/hecoutreach\/fr\/wp-json\/wp\/v2\/media?parent=9044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wp.unil.ch\/hecoutreach\/fr\/wp-json\/wp\/v2\/categories?post=9044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wp.unil.ch\/hecoutreach\/fr\/wp-json\/wp\/v2\/tags?post=9044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}