Hungary: A Top Destination for Tourists with Strong Purchasing Power
If you’re looking for a safe and cost-effective holiday destination, look no further than Hungary, especially if you get your salary in euros. According to the German Bild magazine, Hungary tops the list for German nationals in terms of value for money.
Many foreign travellers and students have praised Hungary for its safety and affordability. In fact, Hungary is considered one of Europe’s safest countries. Additionally, if you receive your salary or pension in euros, Hungary is an excellent choice for your summer holiday.
Mrs. Altmann, an official from the Association of German Banks, recommended Türkiye, Poland, and Hungary as the best holiday destinations in terms of purchasing power. Türkiye holds the top spot with one euro being worth 2.63 euros in the country. Poland follows closely behind with a ratio of 1.52 euros, while Hungary ranks third with one “German euro” being worth 1.43 euros.
For German pensioners, Hungary is also an attractive option due to its lower cost of living compared to Germany. More than 22 thousand German citizens currently live in Hungary, with many choosing to retire in the country. The affordability of necessities like food, coupled with the picturesque Lake Balaton area, make Hungary a popular choice for German pensioners.
While German visitors appreciate the affordability of living in Hungary, some struggle with the language barrier, especially in the healthcare system. Despite this challenge, Hungary continues to be a top choice for Germans looking for a safe, affordable, and enjoyable holiday destination.
