As of January 1, 2026, Moroccan expatriates residing outside the country can now finance the purchase of additional real estate properties in Morocco, even if they already own one or more residences in the Kingdom. This significant regulatory change, introduced under the new 2026 guidelines, allows for financing that covers up to 80% of the property acquisition price, with no limit on the number of properties that can be financed concurrently. This means that whether you own an apartment in Casablanca, a house in Tangier, or a villa in Marrakech, you can still apply for a new mortgage in Morocco.
The Moroccan Foreign Exchange Office has lifted previous restrictions on the number of properties eligible for financing, which has opened the door for Moroccans living abroad to expand their real estate investments back home. Banks in Morocco are now able to finance up to 80% of the purchase price or construction costs of a property, an increase from the previous limit of 70%. For instance, if you are interested in a property worth one million dirhams, you can secure a loan of up to 800,000 dirhams, requiring a personal contribution of 200,000 dirhams if the bank approves the maximum financing.
It's important to note that any additional funds must be provided in foreign currency, adhering to the regulations set forth by the Foreign Exchange Office. The borrowed amounts will be deposited into a dirham account opened in the name of the borrower. Each financing request will be subject to an assessment of the borrower's repayment capacity and the lending conditions established by the financial institution.
Special Provisions for Moroccan Nationals Abroad
The regulation also introduces a significant distinction for Moroccan expatriates as outlined in Article 203 of the General Instruction for Exchange Operations 2026. Unlike non-resident foreigners, who must provide a declaration to their bank confirming they do not own any property in Morocco, Moroccan nationals living abroad are exempt from this requirement. This exemption allows Moroccans residing in countries like France, Belgium, or the Netherlands to seek financing for a second or even third property without facing limitations imposed on non-residents.
The Foreign Exchange Office has also taken into consideration the scenario of property resale. Banks are permitted to transfer amounts abroad that correspond to the initial foreign currency contribution, repayments made in accordance with authorized terms, and any potential capital gains. This operation is supported by regulatory documents related to the sale and the origin of the funds utilized for the purchase.
This new financing regulation marks a pivotal development for Moroccan expatriates, offering them greater flexibility and opportunities to invest in the booming real estate market in Morocco without the constraints that previously existed. The ability to finance multiple properties opens new avenues for investment and asset accumulation for Moroccans living abroad.
As reported by bladi.net.
