Dynamics of Real Estate Financing for Moroccans Living Abroad

Dynamics of Real Estate Financing for Moroccans Living Abroad
Dynamics of Real Estate Financing for Moroccans Living Abroad

The analysis of data extracted from simulations carried out on Afdal.ma, covering more than 500 simulations focused on Moroccans residing abroad in search of real estate financing, reveals several clear trends. The average age of borrowers is around 39 years old. Concerning the distribution by gender, men represent 64.75% of borrowers, while women account for 35.25%.

The average income of loan applicants is around 49,241.51 MAD monthly, while the average amount of real estate loan requested is around 893,853 MAD. The average equity contribution for loans is 457,377 MAD, with approximately 78.69% of borrowers making an equity contribution, indicating a significant financial commitment from the majority of applicants. The average term over which MREs choose to borrow is around 17 years.

The professions of Moroccans living abroad (MRE) borrowers show a notable predominance of employees in the private sector, who represent approximately 78.69% of cases. They are followed by public sector employees (civil servants) with 9.28%, and business leaders at 7.39%. Other professional categories also appear but with significantly lower percentages. These categories include self-employed, liberal professions, traders, and artisans, each bringing their own dynamics and preferences in terms of real estate.

The most frequently financed types of real estate are apartments. As for the cities most popular with MREs for financing real estate, Casablanca clearly stands out with 43.45% of choices, illustrating its position as a major economic center of Morocco. Marrakech comes in second position with 15.86%, followed by Tangier (8.97%) and Rabat (6.21%). Other cities such as Oujda, Mohammedia, Agadir, and Fez also show significant demand, reflecting geographic diversity in the real estate preferences of MREs.

Regarding the country of origin of MREs who request real estate financing via Afdal.ma, the majority come from France with 58.25% of cases. Other European countries are also among significant sources of applicants, including Belgium, Switzerland and Spain.

By WritingEditorial Committee

-

-

NEXT Jiangxi, the world heart of strategic metals