Agadir: "I go to the restaurant every day", the 1000 euro luxury that attracts French retirees
The inflation is eroding pensions in France, but in Agadir, a modest retirement turns into a life of luxury. This economic equation is pushing more and more seniors to expatriate to southern Morocco, where 1000 euros per month is enough to live, eat and enjoy the sun.
The calculation is quickly made for many retirees suffocated by the cost of living in France. Agadir emerges as the refuge destination where purchasing power doubles instantly. With a monthly budget of between 900 and 1,000 euros, seniors claim to live more comfortably than with 1,500 euros in France. This differential allows access to a level of services and leisure activities unattainable in Europe, according to Grazia.fr.
Nathalie and Yves, a couple from Marseille who have been living there since 2014, embody this economic migration. They rent a spacious house with a garden and patio for only 800 euros per month. The cost of food further widens the gap: at the souk, Nathalie fills her basket with fruits and vegetables for the week for less than ten euros. Jo, Nathalie’s mother, joined her daughter after her widowhood and sums up this new reality with a habit that has become her norm: she no longer cooks and treats herself to a restaurant every day, a luxury unthinkable in her previous life.
Beyond the wallet, the quality of life weighs in the balance. The city guarantees more than 300 days of sunshine per year with temperatures ranging between 20 and 30 °C, even in winter. Unlike Marrakech, Agadir offers direct access to the ocean and reassuring security for foreigners. The tax argument completes the convincing of the undecided: the opening of a local account and the obtaining of a residence permit allow to benefit from a tax exemption, transforming the expatriation into a financially winning operation on all levels.
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