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Moving to Balaton Lake Region, Hungary | Expat Exchange
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Moving to Balaton Lake Region, Hungary

By Betsy Burlingame

Last updated on Oct 05, 2024

Summary: Moving to Balaton Lake Region, Hungary? Expats talk about what you need to know before moving to Balaton Lake Region.

Cigna Global Health
Cigna Global Health
Cigna Global Health
Cigna Global Health

What do I need to know before moving to Balaton Lake Region?

When we asked people what advice they would give someone preparing to move to Balaton Lake Region, they said:

"The Balaton Lake Region in Hungary is a popular destination for expats due to its beautiful landscapes, rich history, and vibrant culture. Before moving to this region, there are several things that expats should know. Firstly, the official language in Hungary is Hungarian, which is known to be one of the most difficult languages to learn. However, English is widely spoken in tourist areas and by younger generations. The cost of living in the Balaton Lake Region is relatively low compared to other European countries. This includes housing, groceries, dining out, and public transportation. However, it's important to note that salaries in Hungary are also generally lower. Hungary has a universal healthcare system. Expats who are employed in Hungary will contribute to the healthcare system through their taxes and will be eligible for state healthcare. However, many expats choose to also have private health insurance. The Balaton Lake Region has a continental climate, with hot summers and cold winters. The lake itself freezes over in the winter, creating a beautiful winter landscape. Hungarian cuisine is rich and hearty, with dishes like goulash, stuffed peppers, and chimney cake. The Balaton Lake Region is also known for its excellent wines. Public transportation in Hungary is reliable and affordable. The Balaton Lake Region is well-connected by train and bus services, and there are also ferries that cross the lake. Hungary is a member of the European Union, so EU citizens can move there without a visa. Non-EU citizens will need to apply for a residence permit. The Balaton Lake Region is a safe place to live, with a low crime rate. However, like anywhere, it's important to take basic safety precautions. Finally, Hungarians are known for their hospitality and love of festivals. The Balaton Lake Region hosts numerous events throughout the year, including wine festivals, music festivals, and sailing competitions," said one expat who made the move to Balaton Lake Region.

How do I find a place to live in Balaton Lake Region?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Finding a place to live in the Balaton Lake Region of Hungary involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a small apartment to a large house, depending on your needs and financial situation. Next, you should research the different towns and villages around Lake Balaton to decide which area suits you best. Some popular places include Balatonfüred, Keszthely, and Siófok. Consider factors such as local amenities, proximity to the lake, and the general atmosphere of the community. Once you've narrowed down your location, you can start searching for available properties. There are several online real estate portals that list properties for rent or sale in Hungary, such as ingatlan.com and otthonterkep.hu. These websites allow you to filter results based on location, price, property type, and other criteria. You can also consider hiring a local real estate agent to assist you in your search. They can provide valuable insight into the local market, help negotiate prices, and guide you through the legal process of renting or buying property in Hungary. When you find a property you're interested in, arrange a viewing with the landlord or real estate agent. This will give you a chance to inspect the property and ask any questions you may have. Finally, once you've found your ideal home, you'll need to sign a lease or purchase agreement. Make sure to read the contract carefully and understand all the terms before signing. If you're not fluent in Hungarian, it may be helpful to have a translator or lawyer review the contract. Remember, moving to a new country can be a complex process, so it's important to do thorough research and seek professional advice if needed," remarked one expat in Balaton Lake Region, Hungary.

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SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.

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SJB Global

SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.

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What is a typical expat home or apartment like in Balaton Lake Region?

"A typical expat home in the Balaton Lake Region of Hungary is often a charming, spacious villa or cottage, nestled amidst the natural beauty of the area. These homes usually have a rustic, traditional Hungarian design, but with modern amenities for comfort and convenience. They often feature large living areas, multiple bedrooms and bathrooms, a fully equipped kitchen, and sometimes even a private garden or terrace. Many of these homes offer stunning views of Lake Balaton, the largest lake in Central Europe, and are located close to local attractions such as vineyards, thermal spas, and hiking trails. Some expat homes may also have a swimming pool, sauna, or barbecue area, perfect for entertaining guests or enjoying a relaxing day at home. Despite their luxurious features, these homes often blend seamlessly with the local architecture and landscape, offering expats a unique blend of comfort and cultural immersion. They are usually located in quiet, residential areas, but are still within easy reach of local shops, restaurants, and other amenities. Inside, the homes are typically furnished in a cozy, homely style, with a mix of modern and traditional Hungarian decor. They often feature large windows to let in plenty of natural light and offer beautiful views of the surrounding countryside. In terms of utilities, most expat homes in the Balaton Lake Region are equipped with central heating, air conditioning, high-speed internet, and satellite TV. Some may also have a fireplace, perfect for cozy winter evenings. Overall, a typical expat home in the Balaton Lake Region offers a comfortable, luxurious living experience, combined with the opportunity to enjoy the natural beauty and cultural richness of this unique part of Hungary," commented one expat who made the move to Balaton Lake Region.

What is the average cost of housing in Balaton Lake Region?

If you are thinking about moving to Balaton Lake Region, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in the Balaton Lake Region of Hungary can vary greatly depending on the exact location and type of property. For instance, in popular tourist areas or closer to the lake, prices can be significantly higher. As of now, it's possible to find houses for sale ranging from affordable to more luxurious prices. However, for a more accurate estimate, it would be best to consult a local real estate agent or conduct a detailed search online," said one expat who made the move to Balaton Lake Region.

Should I buy or rent a home in Balaton Lake Region?

If you have not spent a lot of time in Balaton Lake Region, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"The decision to buy or rent a home in the Balaton Lake Region of Hungary depends on several factors. If you plan to stay in the area for a long time, buying a home could be a good investment. The region is popular for its beautiful landscapes and recreational activities, which could increase the property's value over time. On the other hand, if you're not sure about your long-term plans or if you prefer not to deal with the responsibilities of homeownership, renting might be a better option. Renting can offer more flexibility, as you can move more easily if your circumstances change. It's also important to consider your financial situation. Buying a home requires a significant upfront cost and ongoing expenses for maintenance and repairs. Renting, while also a regular expense, doesn't come with the same level of financial commitment. Lastly, consider the current housing market in the Balaton Lake Region. If it's a seller's market with high property prices, it might be more cost-effective to rent until the market cools down. Conversely, if it's a buyer's market, it could be a great time to invest in a property. In conclusion, the decision to buy or rent a home in the Balaton Lake Region depends on your personal circumstances, financial situation, and the current housing market. It's recommended to consult with a real estate professional in the area to help guide your decision," said one expat in Balaton Lake Region.

What should I pack when moving to Balaton Lake Region?

We asked people living in Balaton Lake Region to list three things they wish they had brought and three they wish they had left behind. They responded:

"When moving to the Balaton Lake Region in Hungary, you should pack a variety of clothing to accommodate for the region's diverse weather conditions. This includes warm clothing for the winter months, such as sweaters, jackets, scarves, gloves, and hats, as well as lighter clothing for the summer, such as shorts, t-shirts, and swimwear for enjoying the lake. You should also pack sturdy shoes for walking and hiking, as the region is known for its beautiful trails. Rain gear, such as a waterproof jacket and umbrella, would also be useful due to the occasional rain showers. Don't forget to pack your personal documents, including your passport, driver's license, and any necessary visas or work permits. If you take any prescription medications, be sure to bring enough to last until you can arrange for a refill in Hungary. Pack your electronics, such as your laptop, phone, and chargers. An adapter plug for European outlets would also be necessary. If you plan on cooking, you might want to bring some of your favorite non-perishable food items, as they may be hard to find in Hungary. Lastly, bring personal items that will make your new place feel like home, such as photos, small keepsakes, and favorite books," remarked one expat who made the move to Balaton Lake Region.

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Connect

SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.

Click connect to have our partner contact you via e-mail and/or phone.

SJB GlobalSJB Global

SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Connect

Click connect to have our partner contact you via e-mail and/or phone.

What cultural faux pas should I try to avoid making in Balaton Lake Region?

We asked people in Balaton Lake Region if they could share any humorous cultural blunders they commited. For new expats, keep in mind that these incidents are an inevitable part of expat life. Learning to laugh about them is the key!:

"When visiting the Balaton Lake Region in Hungary, it's important to respect local customs and traditions to avoid any cultural faux pas. Firstly, avoid discussing sensitive topics such as politics, religion, and the country's history during the communist era. These topics can be sensitive for some Hungarians and it's best to steer clear of them unless initiated by your Hungarian counterparts. Secondly, Hungarians are known for their hospitality, so if you're invited to someone's home, it's customary to bring a gift such as flowers, wine, or chocolates. However, avoid giving an even number of flowers as it is associated with funerals. Thirdly, punctuality is highly valued in Hungary. If you're invited to a social gathering, make sure to arrive on time. Being late is considered rude and disrespectful. Fourthly, when dining, wait for the host to start eating or drinking before you do. It's also customary to say "Egészségedre" (to your health) before drinking. Lastly, Hungarians value their language and culture. Even though many people speak English, making an effort to learn a few basic Hungarian phrases will be appreciated. However, avoid using informal language until invited to do so. Remember, it's important to respect local customs and traditions when visiting another country. This not only shows respect for the local culture, but also enhances your travel experience," said one expat in Balaton Lake Region.

About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

SJB Global
SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

SJB GlobalSJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

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