Retire in Budapest
Last updated on Apr 04, 2023
Summary: Budapest, Hungary is a popular destination for retirees due to its vibrant culture, stunning architecture, and affordable cost of living. The weather in Budapest is generally mild, with temperatures ranging from an average low of 33°F in January to an average high of 75°F in July. There are several retirement communities in Budapest, offering a variety of amenities such as swimming pools, fitness centers, and social activities. The cost of a nice two bedroom home in Budapest is typically around $100,000 USD, while a nice three bedroom home can cost around $150,000 USD.
What is it like to retire in Budapest?
"Yes there is an active expat community in Hungary. The foreigners living in Hungary is growing by the year because some people are here for work but then stay much longer until they retire because they like the living circumstances in Hungary.In re," remarked one retiree in Budapest.
"It is a great city, culturally, recreation and schools. However as other major cities the air is not so clean all the time. Many events are held and traffic is shut down. Public trans while not cheap it is a fair deal and monthly passes or higher is the way to go," said a retiree who moved to Budapest, Hungary.
"Budapest is a great place for retirees to enjoy their golden years. With its rich culture, vibrant nightlife, and stunning architecture, Budapest is a great place to explore and relax. There is an active expat community in Budapest, with many retirees from all over the world. There are plenty of cultural attractions to explore, such as the Hungarian National Museum, the Hungarian State Opera House, and the Hungarian Parliament Building. There are also plenty of recreational activities to enjoy, such as walking along the Danube River, visiting the many parks and gardens, and exploring the city's many cafes and restaurants. Budapest also has a lively nightlife, with plenty of bars, clubs, and live music venues to explore," said one retiree in Budapest.
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What advice do overseas retirees have for others considering retiring abroad?
"The consulate in your country is a great place to start with information about what paper work is necessary to remain in the country of your choice. It is important to be prepared and informed. If anyone needs real estate property advise please message me , I am happy to provide the help to make it easy to make a property purchase in Budapest," said a retiree who moved to Budapest, Hungary.
"Do your research. Ask questions and don't raise your expectations too high then you won't be disappointed. Don't cut all ties and commit until you tried it and you sure," said one retiree in Budapest.
"Do your research. Consider the cost of living. Think about the language and cultural differences. Check with the relevant government authorities in the country you are considering to make sure your pensions or other benefits will be accepted. Make sure you get appropriate medical cover and that you have access to reliable and trustworthy health care providers. Make sure you can find services and activities in your chosen location that are suitable for older people such as workshops, libraries, parks and walking trails. Find out what activities, attractions and experiences your potential retirement destination has to offer. Consider where you will get access to any banking or financial services you need. Consider the level of internet access and the availability of other communications and transport options. Talk to other retirees who have made the move - it's a good idea to know somebody who knows the ropes. Lastly, look at the attractions, what kind of housing is available and if it is possible to rent before you commit to buying there," commented one retiree living in Budapest, Hungary.
What are the most challenging aspects of retiring in Budapest?
"Dealing with bureaucracy, customs, some different traffic rules and a different way of thinking," said one retiree in living in Budapest, Hungary.
"Nothing to mention which is very serious. Patience was required In Toronto at the Hungarian consulate when I was submitting my citizenship application. From the time I made the application in Toronto to the time I received the paperwork in Budapest it was a year. Mainly due to some inefficiencies in Toronto. Yes you have to have patience with the immigration office because you may have paper work, missing then have to return. Of course I did everything myself but there are great immigration lawyers in Budapest who can manage the process for you," explained a retiree in Budapest.
"One of the most challenging aspects of retiring in Budapest is the language barrier. Although English is widely spoken, many of the locals may not be able to communicate in English, making it difficult to navigate the city and access services. Additionally, the cost of living in Budapest is relatively high, making it difficult to live comfortably on a fixed income. Furthermore, the healthcare system in Hungary is not as advanced as in other countries, making it difficult to access quality medical care. Finally, the cultural differences between Hungary and other countries can be difficult to adjust to, making it difficult to feel at home in a new country," explained one retiree living in Budapest.
What are the most rewarding aspects of retiring in Budapest?
"Just slowing down, enjoying very simply a café for a coffee and cake, walking everywhere, admiring the architecture, the arts and entertainment, so many cultural activities and of course the easy travel. We sold our car in Toronto and decided not to buy one here, so we found a great rental car company whenever we want to travel outside of Budapest," explained one retiree living in Budapest.
"Retiring in Budapest offers a variety of rewarding experiences. The city is known for its vibrant culture, with a wide range of museums, galleries, and theaters to explore. The city also boasts a rich history, with many historical sites to visit. Budapest is also home to a variety of parks and gardens, providing plenty of opportunities for outdoor activities. The city also offers a variety of culinary experiences, with a wide range of restaurants and cafes to choose from. Additionally, Budapest is known for its affordable cost of living, making it an ideal destination for retirees," said one retiree in living in Budapest, Hungary.
What are healthcare services like in Budapest?
We asked retirees if they have access to good medical care in Budapest. They wrote:
"Yes there is many choices . Private clinics, pay as you go. No Hungarian health care necessary or the public system health card required," said a retiree who moved to Budapest, Hungary.
How do I meet people in Budapest?
When we asked people living in Budapest about club and activities where newcomers can meet others, they responded:
"Newcomers should read the Budapest Business Journal to get informed about events - www.bbj.hu," said a person in Budapest.
"Expats in Budapest often join clubs and activities such as language exchange groups, sports teams, and cultural events. Expats can also meet people by attending local festivals, joining meetup groups, or attending networking events. Additionally, many expats find it helpful to join online forums and social media groups related to their interests. This can be a great way to connect with other expats and locals in the city," remarked one retiree in Budapest.
What is life like in Budapest?
When we asked people living in Budapest what life is like and how people spend their time, they said:
"People are basically kind but not too helpful when you are looking for good customer service in a shop," remarked one retiree in Budapest.
"Budapest is a popular destination for expats and digital nomads due to its vibrant culture, affordable cost of living, and excellent public transportation system. Expats and digital nomads in Budapest can enjoy a wide variety of activities, from exploring the city's many historical sites to taking advantage of its lively nightlife. The city also offers a variety of international cuisines, making it easy for expats and digital nomads to find something to suit their tastes. Additionally, Budapest is home to a large expat community, making it easy to make friends and find support. All in all, Budapest is an ideal destination for expats and digital nomads looking for an exciting and affordable place to live," said a retiree who moved to Budapest, Hungary.
What do I need to know before retiring in Budapest?
When we asked people what advice they would give someone preparing to move to Budapest, they said:
"Stay clear of the public health system (there are good private alternatives). Stay clear of the police. Do not drink and drive. Enjoy the marvelous weather and the fresh produce," said a retiree who moved to Budapest, Hungary.
"Before retiring in Budapest, expats should familiarize themselves with the local language, Hungarian, as it is the official language of the country. Expats should also research the cost of living in Budapest, as it is generally lower than in other European cities. Additionally, expats should research the healthcare system in Hungary, as it is a public system and may require additional private insurance. Finally, expats should research the visa requirements for retirement in Hungary, as there are specific requirements for those wishing to retire in the country," said one retiree in Budapest.
What type of recreational activities are there in Budapest?
"The Buda hills are home to many hiking trails with beautiful lookout points. Budapest is also famous for it's many incredible thermal baths," remarked one retiree in Budapest.
"1. Margaret Island: Margaret Island is a large, lush park located in the middle of the Danube River, offering a peaceful escape from the bustling city. It features beautiful gardens, fountains, a small zoo, an open-air theater, and sports facilities such as swimming pools, tennis courts, and a running track. 2. City Park: City Park is a vast green space in the heart of Budapest, home to several attractions, including the Budapest Zoo, the Vajdahunyad Castle, and the Széchenyi Thermal Baths. The park also offers opportunities for boating, ice-skating, and picnicking. 3. Gellért Baths: Gellért Baths is a historic thermal bath complex located in the Buda side of the city. It features stunning Art Nouveau architecture, indoor and outdoor pools, saunas, steam rooms, and massage services, providing a relaxing and rejuvenating experience for visitors. 4. Palatinus Beach: Palatinus Beach is a popular outdoor swimming complex on Margaret Island, featuring multiple pools, water slides, and sunbathing areas. It is a favorite spot for locals and tourists alike during the summer months. 5. Kopaszi Dam: Kopaszi Dam is a beautifully landscaped park and recreational area located along the Danube River. It offers walking and cycling paths, playgrounds, picnic areas, and a variety of restaurants and cafes. 6. Normafa: Normafa is a popular recreational area in the Buda Hills, offering stunning views of the city and a range of outdoor activities, including hiking, mountain biking, and skiing in the winter months. 7. Buda Castle: Buda Castle is a historic castle and palace complex that houses several museums and galleries. The castle grounds offer beautiful gardens and panoramic views of the city, making it a popular spot for leisurely strolls and picnics. 8. Millenáris Park: Millenáris Park is a modern cultural and recreational complex, featuring exhibition halls, theaters, and a large park with a lake, playgrounds, and walking paths. 9. Csepel Island: Csepel Island is the largest island in the Danube River, offering a range of recreational activities such as cycling, fishing, and horseback riding. The island is also home to several beaches and natural reserves, providing a peaceful escape from the city. 10. Károlyi Garden: Károlyi Garden is a charming public park located in the heart of Budapest, featuring well-manicured lawns, colorful flower beds, and a playground for children. It is a popular spot for relaxation and leisurely strolls," explained one member in Budapest.
Where will I buy groceries and do other shopping in Budapest?
"The main shopping spots are located in Pest's City Center. Vaci street is perhaps the most famous of these, which actually designated as a pedestrian precinct. The Great Market Hall in Budapest is the most beautiful and largest of all Budapest market halls," said one retiree in Budapest.
"Expats in Budapest often shop at local markets, such as the Great Market Hall (Nagy Vásárcsarnok), where they can find fresh produce, meats, and other local products. The market is located at Vámház körút 1-3, and its website can be found here: http://budapestmarkethall.com/. Another popular option for expats is to shop at international supermarket chains, such as Tesco, Spar, and Aldi. These stores offer a wide range of products, including familiar brands from home. Tesco has several locations throughout Budapest, and their website can be found here: https://tesco.hu/. Spar also has multiple locations in the city, and their website is available at https://www.spar.hu/. Aldi's website for their Hungarian stores is https://www.aldi.hu/. For specialty items and imported goods, expats can visit Culinaris, a gourmet food store with a wide selection of international products. Culinaris is located at Attila út 27, and their website is https://www.culinaris.hu/. In addition to grocery shopping, expats can find clothing, electronics, and other items at shopping malls such as WestEnd City Center, located at Váci út 1-3, and its website is https://westend.hu/. Another popular shopping destination is Arena Plaza, located at Kerepesi út 9, with its website available at https://www.arenaplaza.hu/. For local crafts, souvenirs, and unique items, expats can explore the shops and boutiques in the Castle District, particularly along the streets of Fortuna utca and Országház utca," remarked one retiree in Budapest.
About the Author
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.
Additional Information:
- Expat Guide to Budapest
- Healthcare & Health Insurance in Budapest
- Best Neighborhoods for Single People in Budapest
- Best International Schools and Bilingual Schools in Budapest
- 7 Weekend Getaways for Digital Nomads Living in Budapest
- Best Bookstores and Libraries in Budapest
- Fun Classes for Expats Living in Budapest
- Public Transportation in Budapest
- Best Markets in Budapest
- Retire in Budapest Guide
- 7 Tips for Living in Budapest
- Pros & Cons of Living in Budapest
- Tips for Expats Driving in Budapest
- Cost of Living in Budapest
- Health Care in Budapest
- The Insider's Guide to Budapest
- Living in Budapest
- 5 Tips for Living in Budapest
- Healthcare & Health Insurance in Hungary
- Best Places to Live in Hungary
- Real Estate in Hungary
- Pros & Cons of Living in Hungary
- Best Places to Visit in Hungary for Christmas Cheer
- What It's Like Living in Budapest
- Pros and Cons of Living in Hungary 2024
- 2024 Guide to Moving to Hungary
- More Advice about Retiring in Hungary