As the privileged clientele of banks and promoters, MRAs attract particular attention. As they return en masse to the country for the summer holidays, many are seizing this opportunity to make their real estate projects a reality. Afdal.ma, the online mortgage comparator, reveals the major aspirations of MREs through their simulations, thus sketching the portrait of a demanding and ambitious clientele.
Thus, in an analysis delivered to MoroccoLatestNews UK, Afdal stresses that Moroccans residing abroad (MRE) occupy an important place in the real estate market, benefiting from the privileged attention of banks and real estate developers.
While they return en masse for the summer holidays, some take advantage of this period to concretize their real estate projects. According to the platform, MREs favor long-term real estate projects, as evidenced by the results of the simulations carried out. Indeed, nearly 47% opt for loan terms between 16 and 25 years. Simulations over more than 25 years represent 17%.
The people active in the purchasing process are mainly individuals aged 30 to 40, representing 50% of the simulations carried out. This can be likened to a desire to invest in real estate and contribute to the economic development of the country. MRE aged 40 to 50 are also very present, representing 25% of the simulations.
Moroccans in the diaspora have a relatively high debt capacity. It varies between 1.5 million and 3 million DH for almost half of them (based on Afdal’s simulations).
The debt capacity rises to 5 million dirhams or even exceeds this threshold for more than a quarter (26%) of potential buyers. However, the search for funding largely concerns amounts between 500,000 DH and 1.2 million DH. Amounts which are modeled on the prices of the goods sought, underlines the analysis.
Thus, the MRE are mainly positioned on real estate located in a price range between 500,000 DH and 1.2 million DH. This category of goods represents 47% of the simulations carried out, thus revealing a marked interest in goods combining quality and accessibility.
In addition, the analysis concludes, 25% of the simulations concern goods with a value between 1.5 million and 3 million DH. These diversified preferences underline the multiple opportunities offered on the Moroccan real estate market to satisfy the varied expectations of MREs.