MRE: 80% Bank Financing for Your Property in Marrakech

Real Estate Financing in Marrakech: Up to 80% Credit for MREs

Marrakech, the "ochre city," continues to attract investors, particularly Moroccans Residing Abroad (MREs). Excellent news further enhances this appeal: the real estate financing framework for MREs has significantly eased, facilitating access to property in Morocco.

A Major Easing to Realize Your Real Estate Project in Marrakech

The Exchange Office recently updated the financing terms, opening new perspectives for MREs wishing to acquire a primary residence, secondary home, or invest in rental property in Marrakech. Now, approved Moroccan banks are authorized to grant dirham-denominated loans covering up to 80% of the purchase or construction price of a property. This significant advancement, compared to the previously enforced 70%, considerably expands the investment capacity of MREs.

Key Financing Conditions for MREs

While this measure represents an undeniable advantage, it is essential to understand its conditions to optimize your real estate project in Marrakech.

Foreign Currency Contribution: A Fundamental Requirement

The fundamental principle lies in the necessity of a personal contribution in foreign currency for the remaining amount. The minimum 20% of the property price not covered by the bank loan must come from a foreign currency contribution. This requirement ensures the traceability of financial flows and contributes to the country's economic stability.

Repayment and Ancillary Costs

Loan repayment (principal, interest, commissions) must also be made either by selling foreign currency or by debiting a convertible dirham account opened in the borrower's name. Ancillary acquisition costs, such as notary fees or registration duties, are subject to the same rules and must be settled via the same channels.

Guarantees for Banks and Investors

To secure these operations, intermediary banks generally require a first-rank mortgage on the acquired property, or a guarantee from a foreign bank. This structure offers protection to financial institutions while facilitating access to credit for MREs.

It is also important to note that, unlike other categories of buyers, MREs are not required to justify the absence of property ownership in Morocco before benefiting from these credits. This specificity further streamlines the acquisition process.

Your Investment Opportunity in Marrakech

Whether you are considering buying a villa for sale in Marrakech in a sought-after neighborhood, a modern apartment in the heart of the city, or even a traditional riad, these new financing provisions greatly simplify the realization of your project. The possibilities are numerous, from a secondary residence for your family holidays to a promising rental investment.

Capital Parc stands by your side to assist you at every stage of your acquisition in Marrakech. Our expertise in the local market and our knowledge of MRE-specific requirements guarantee personalized advice and a smooth transaction.

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