Detailed explanation
Approximately 5 million MREs live across Europe (France, Spain, Belgium, Italy, Netherlands), the Gulf, North America and Sub-Saharan Africa. They send over 110 BMAD annually in remittances, and account for an estimated 15-20% of Moroccan premium real estate transactions. MREs benefit from specific bank products, dirham-convertibility facilities via the Office des Changes, and tax advantages on residential acquisitions.
Moroccan example
A Belgian-Moroccan family buys a Casablanca Bouskoura villa for 4.5 M MAD with a CIH Bank Maghribi Lil Istithmar loan at 5.6%, 70% LTV, 20-year tenor.
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