Tens of thousands of German pensioners moved to Hungary: and it’s just the beginning
It appears that German pensioners are pretty fond of Hungary, since large flocks of them make the decision to relocate and spend their years in retirement in our country. That is hardly surprising: Hungary provides safety, security and political stability. Besides, its private medical and social care institutions offer high-quality service. And the biggest incentive: Hungary is fantastically cheap for an average German pensioner, especially nowadays with the forint hitting historic lows.
According to index.hu, in the last four years, the number of German citizens living in Hungary has increased by 35%. The majority are pensioners who decide to spend their years of retirement in Hungary. Bence Bauer, the director of the Hungarian-German Department of the Mathias Corvinus Collegium (MCC), told InfoRádió that currently 22 thousand German citizens habitually reside in Hungary.
The researcher on the Hungarian-German relationship said many reasons are behind the inflow of German nationals. One of the most important is money. They can buy properties in Hungary for a much lower price than in Germany. The other crucial factor is public safety.
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Hungary more popular than the Spanish Riviera among German pensioners
Bauer added that the number of crimes committed per 100,000 people is 1/4th of the German crime figures. Moreover, Hungary’s weather is better than Germany’s, and the culinary, tourist and cultural services are also exceptional. Many German pensioners said they find today’s Hungary like a mirror image of their childhood Germany.
Bauer said the influx will not cease in the future. There are tens of thousands of appeals on the desk of the German pension authority that request the monthly pension to be transferred to a foreign account.
The German pensioners tend to buy property in Transdanubia (Somogy, Veszprém, Győr-Moson-Sopron, and Zala counties). Interestingly, more and more German pensioners choose Lake Balaton for their summer holiday instead of the Spanish Riviera, ABC, a Spanish portal wrote in August.
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