Moroccan Expats in France Lead Surge in Overseas Property Financing

More than 500 simulations were examined as part of a study. The majority of MREs seeking real estate financing through this platform come from France, reports Challenge. They represent 58.25% of the cases. Other European countries such as Belgium, Switzerland and Spain are also among the major sources of applicants. This study shows that the average age of MREs seeking real estate credit 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 real estate credit requested is 893,853 dirhams, with an average personal contribution of 457,377 dirhams. The study specifies that about 78.69% of borrowers make an equity contribution. As for the average loan term, it stands at 17 years, reflecting a long-term financing strategy adopted by the majority of MREs.

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What about the professional categories of the borrowers? 78.69% of them are private sector employees. They are followed by civil servants (9.28%) and business owners (7.39%). The other professional categories, such as self-employed, liberal professions, merchants and craftsmen, complete the list.

MREs are interested in apartments. And, many of them rent apartments in Casablanca. 43.45% of the 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.