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

Cost of Living

The average weekly net wage in Hungary is just less than £100 per week ( $150 ). The larger western European supermarkets and DIY chains are established here eg. IKEA, Tesco, Lidl, C & A, Obi etc. However, cost of goods and services are in line with local wages. It is officially the cheapest place in the European Union to buy tobacco and alcoholic beverages and in total the fourth cheapest country in Europe. The cost of living in Hungary is lower than in all but three other EU countries, according to the EU statistics office Eurostat. Prices of goods and services in Hungary were 64% of the EU average in 2011, Eurostat found Alcohol and tobacco were cheaper in Hungary than in any other EU country, at 63% of the average. Hungary’s food prices were 83% of the EU average, while the figure for clothing was 85%.

Water charges are typically £20 per annum.

Electrical and white goods tend to be slightly cheaper than the UK

Here are some comparative typical prices as of Jan 2014

Hungary U.K.
Annual council tax £50 £1500
Meal including a drink £5.00 £12.50
Horse riding £7.50/hour £25.00/hour
Coffee in a local Cafe £0.30 £2.50
Wine in Supermarket £1.00 £4.00
Bottle of beer 0.5 ltr £0.50 £1.50
1kg of cherries £0.50 £6.50
Ice cream cornet £0.50 £1.60
Thermal health spa £4.00 £25.00
Dental implant £550 £2500
7 day car hire £150 £200
1 litre unleaded petrol £1.25 £1.40
Labourer 1 day £15.00 £80.00
Tradesman 1 day £30.00 £150.00