The Hungarian Guide - Investing and retiring in Hungary

  • A stunning capital with unique setting A stunning capital with unique setting
  • walking and birdwatching paradise walking and birdwatching paradise
  • undisturbed nature rich in rare species undisturbed nature rich in rare species
  • enjoy the 144 mile lakeside cycle track enjoy the 144 mile lakeside cycle track
  • Teeming with History Teeming with History
  • over 300 Thermal Health Spas and warm lakes over 300 Thermal Health Spas and warm lakes
  • picturesque lakes with Carp weighing over 100 lb picturesque lakes with Carp weighing over 100 lb
  • Feast on delicious sunripened local fruit Feast on delicious sunripened local fruit
  • Lake Balaton gets as warm as the Caribbean in the summer Lake Balaton gets as warm as the Caribbean in the summer
  • Tranquil Lake Balaton Tranquil Lake Balaton
  • Lush rolling hills of western Hungary Lush rolling hills of western Hungary
  • buy a thatched cottage for under £30 000.. buy a thatched cottage for under £30 000..
  • horsemen and nature lovers paradise horsemen and nature lovers paradise
  • Europe's second largest freshwater lake Europe's second largest freshwater lake
  • A paradise for watersport enthusiasts A paradise for watersport enthusiasts
  • Tihany peninsula- a pearl of history and nature Tihany peninsula- a pearl of history and nature

Could you be living the dream…

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In 2012 Keith and Julie, aged 60 and 55 from Leeds, West Yorkshire were both in full time employment and paying the basic rate of tax. They owned their own property and a motorhome, however they described themselves as “frustrated owners”. They were too busy working, and didn’t have enough holidays; and the holidays they did have were inclusive of poor weather, expensive fuel and costly campsites. Keith has several pensions and he had already taken the 25% cash drawdown ( tax free ) but had not decided to buy an annuity, as the rates were so low. Both were tired of working and having a poor quality of life in the UK and felt they had to carry on working to keep paying their bills.
In May 2012 at the Southern Motorhome Show, in Newbury, they met me, Stephen Davies from The Hungarian Guide. In November 2013 they used the money from the 25% pension lump sum to purchase a characteristic farmhouse in Hungary, situated next to a beautiful lake, and inclusive of it’s own vineyard for the grand total of £26,950, inclusive of legal fees; provided by a Hungarian Lawyer. Because they didn’t have the total amount (although, they had several pensions) agreed with the property owner a deposit of £4000, and pay the remainder in instalments.
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However, they used a Financial advisor to subsequently pay for the farmhouse outright. They sold their UK property in June 2014 and have decided to live in Hungary. Other families have moved to Hungary but rather than sell up totally in the UK they have decided to rent out their property and live off the rental income.
Savings rates in Hungary are more than double UK rates and savers have similar guarantees as in the UK should the banks fold. €85,000 / person
Investing approximately £100,000 in a Hungarian bank for a year would generate as much interest as the average Hungarian earns after tax
In effect Keith & Julie have decided to retire early because they can now afford to retire as their cost of living is much lower in Hungary. For the first time since becoming Motorhome owners they are able to tour around Europe with no time pressure and start to enjoy life.