Housing Finance in Morocco

Overview

This profile is also available in French here. To download a PDF version of the full 2020 Morocco country profile, click here.

With a population of 36 million, the Kingdom of Morocco confronts a poverty rate of 15.5 percent and an estimated housing deficit of 400 000. The lack of access to affordable housing is caused by a shortage in the supply of social housing by government and the exorbitant cost of housing produced by property developers, resulting in a housing gap between what is being provided and what households can afford.

Compared to many countries on the continent, the Moroccan housing finance market is advanced and includes several sources of loans such as private or public commercial banks, microfinance institutions and credit companies. All of the banks offer credit facilities to households wishing to obtain a home, with an average interest rate for housing loans of 4.45 percent. Despite such active housing finance market, affordability is the most crucial factor in obtaining housing in Morocco in view of the tremendous inequality that exists in the country.

More than 50 percent of households in urban areas and almost 85 percent of households in rural areas own their home, while less than six percent in rural areas and 30 percent in urban areas are tenants.  To promote access to the maximum number of households, the government has initiated several social and middle class housing programmes and launched other major projects, such as an Eco-city in Casablanca.

Find out more information on the housing finance sector of Morocco, including key stakeholders, important policies and housing affordability:


Each year, CAHF publishes its Housing Finance in Africa Yearbook. The profile above is from the 2020 edition, which has up-to-date profiles for 55 African countries.

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