Chain bridge Budapest Hungary buildings panorama, Photo by Krisztian Tabori on Unsplash

Pensioners flee to Hungary: Germans emigrate because of money and politics

More and more pensioners are emigrating to Hungary. The reason is on the one hand the cost of living, on the other hand politics. More and more pensioners are choosing to live abroad. Particularly popular destinations for emigration are countries with significantly lower living costs. Thus, a senior citizen can lead a good, quiet life even with a small pension.
Lake Balaton as a popular destination for Germans
In Hungary, the cost of living is lower compared to Germany. Real estate and food costs are significantly lower. For example, lake Balaton is a popular destination. According to the data from the German Pension Insurance Fund, around 5.398 pensions were transferred to Hungary in 2021.
Pensioners in Hungary: living for 1,400 euros
Germans in Hungary are doing well with a pension of 1,400 euros. According to data from the Federal Statistical Office, the price level in Hungary is 40.2 per cent lower than in Germany. 
Costs are not the only reason for many emigrants to go to Hungary. It is also a matter of politics: 90 percent of those interested want to go to Hungary for political reasons. Among them are also many Corona sceptics. The Neue Züricher Zeitung recently called Lake Balaton the "paradise of right-wing pensioners". Many who emigrated there no longer felt comfortable in Germany. They criticised high taxes, a lack of freedom and the current left-wing economic migration to the FRG.