More than 500 simulations were examined as part of the Afdal.ma platform study. The majority of MREs requesting real estate financing via this platform come from France, reports Challenge. They represent 58.25% of cases. Other European countries such as Belgium, Switzerland and Spain are also important sources of applicants. This study shows that the average age of MREs requesting a mortgage loan is 39 years old. 64.75% of borrowers are men, compared to 35.25% for women. While the average income is 49,241.51 dirhams per month, the average amount of home loan requested amounts to 893,853 dirhams, with an average personal contribution of 457,377 dirhams. The study specifies that approximately 78.69% of borrowers make an equity contribution. Regarding the average loan duration, it stands at 17 years, which reflects a long-term financing strategy adopted by the majority of MREs.
Read: Real estate: Moroccans are falling for the city center
What about the professional categories of borrowers? 78.69% of them are employees in the private sector. They are followed by civil servants (9.28%) and business leaders (7.39%). Other professional categories, such as self-employed, liberal professions, traders and artisans complete the list.
Read: MREs, a solution to the Moroccan real estate crisis?
MREs are interested in apartments. And, many of them rent apartments in Casablanca. 43.45% of borrowers’ choices are directed towards this city which enjoys a position as a major economic center of Morocco. Then come Marrakech with 15.86%, Tangier with 8.97% and Rabat with 6.21%. Other cities like Oujda, Mohammedia, Agadir and Fez complete the list.
