Hungary is one of the best choices for tourists concerning purchasing power

Only if you get your salary in euros though! The German Bild magazine asked Kathleen Altmannt, an Association of German Banks official, where the value for money and cost-effectiveness is the best for German nationals. Hungary is at the top of the list.

Hungary is safe and cheap

Foreign travellers and students regularly say that Hungary is one of Europe’s safest countries. For example, we republished an interview with a Kazakh student praising Hungary’s safety and good public transport. Furthermore, if you get your salary or pension in euros, Hungary is one of the best choices for you this summer to spend your holiday.

German magazine Bild talked to an official of the Association of German Banks. She recommended German nationals to travel this summer to Hungary concerning the value for money ratio. According to the official, there are differences even inside the eurozone concerning purchasing power. However, the best choice is the countries outside the zone.

Budapest eye and the downtown of the capital. Photo: depositphotos.com

Türkiye, Poland and Hungary on the top for German holidaymakers

According to Mrs Altmann, Türkiye, Poland, and Hungary are the best holiday destinations if you consider purchasing power. She said Türkiye is on the top since one euro is worth 2.63 euros in the country. That is chiefly because of the value drop of the Turkish lira. The second place went to Poland, where that number was 1.52 euros.

Hungary stands in third place, which is good news for German holidaymakers but not that good for their Hungarian counterparts working for forints. Here 1 “German euro” is worth 1.43 euros. That is because Hungary is cheaper than Germany.

Photo: FB/Balaton Sound Official

Altmann mentioned Spain, Portugal and Greece among the best value-for-money choices for Germans. On the other end of the list, there are Switzerland (EUR 0.61), Denmark (EUR 0.78) and Norway (EUR 0.86).

German pensioners move to Hungary

We wrote multiple times that not only German tourists like to come to Hungary but also German pensioners choose to live in the country. According to the Central Statistical Office, last November, more than 22 thousand German citizens lived in Hungary. Pensioners come here because the cost of living is significantly lower. Furthermore, the Hungarian overhead cut is a fifth of what the Germans have to pay.

Illustration. Photo: pixabay

The most popular area is Lake Balaton for them. Inflation does not bother German pensioners since they can afford to spend more money on food and other necessities.

Germans only complain because of the language barrier, especially in the healthcare system.

Read also:

• German companies push for euro in Hungary – will PM Orbán introduce it? – Read more HERE
• Breathtaking hotel awarded the title of Hungary’s Leading Luxury Hotel 2024 – PHOTOS and more HERE

Featured image: depositphotos.com