In 2023, Moroccan residential real estate buyers could benefit from three types of assistance. Buying a main house valued at more than 300,000 Moroccan dirhams (some 30,303 U.S. dollars) and less than or equal to 700,000 Moroccan dirhams (around 70,708 U.S. dollars), makes the buyer eligible for 50,000 Moroccan dirhams of financial assistance (5,050 U.S. dollars). Widows, on the other hand, qualify for an extra 10,000 Moroccan dirhams of assistance (some 1,010 U.S. dollars) for houses valued at less than or equal to 300,000 Moroccan dirhams.
Direct financial assistance to purchase a house in Morocco in 2023, by category
(in 1,000 Moroccan dirhams)
Characteristic
Direct financial assistance in thousand Moroccan dirhams
*10,000 MAD is provided to widows on top of the 70,000 MAD.
According to the source, all assistance must be paid in a single installment, no more than three months after the application is submitted.
Additionally, applicants for this assistance must earn less 4,000 MAD (404 USD), and sign a preliminary sales agreement with a notary, committing the buyer to take the home as their main residence for at least four years, or agreeing to offer the government a mortgage as repayment guarantee of the assistance in case the commitment is not honored.
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Centre for Affordable Housing Finance in Africa. (November 23, 2023). Direct financial assistance to purchase a house in Morocco in 2023, by category (in 1,000 Moroccan dirhams) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1484621/direct-financial-assistance-for-residential-real-estate-in-morocco/
Centre for Affordable Housing Finance in Africa. "Direct financial assistance to purchase a house in Morocco in 2023, by category (in 1,000 Moroccan dirhams)." Chart. November 23, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1484621/direct-financial-assistance-for-residential-real-estate-in-morocco/
Centre for Affordable Housing Finance in Africa. (2023). Direct financial assistance to purchase a house in Morocco in 2023, by category (in 1,000 Moroccan dirhams). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1484621/direct-financial-assistance-for-residential-real-estate-in-morocco/
Centre for Affordable Housing Finance in Africa. "Direct Financial Assistance to Purchase a House in Morocco in 2023, by Category (in 1,000 Moroccan Dirhams)." Statista, Statista Inc., 23 Nov 2023, https://www.statista.com/statistics/1484621/direct-financial-assistance-for-residential-real-estate-in-morocco/
Centre for Affordable Housing Finance in Africa, Direct financial assistance to purchase a house in Morocco in 2023, by category (in 1,000 Moroccan dirhams) Statista, https://www.statista.com/statistics/1484621/direct-financial-assistance-for-residential-real-estate-in-morocco/ (last visited November 21, 2024)
Direct financial assistance to purchase a house in Morocco in 2023, by category (in 1,000 Moroccan dirhams) [Graph], Centre for Affordable Housing Finance in Africa, November 23, 2023. [Online]. Available: https://www.statista.com/statistics/1484621/direct-financial-assistance-for-residential-real-estate-in-morocco/
