Balaton Region New Favourite for Older Foreigners Looking To Settle In Hungary

  • 15 Jul 2024 2:34 PM
  • Hungary Today
Balaton Region New Favourite for Older Foreigners Looking To Settle In Hungary
A demographic crisis has hit Lake Balaton, as it is suffering from an ageing population well above the national average.

Wealthy, elderly people flock to the resort area, while many of the local young people settle elsewhere, Tibor Navracsics, Minister of Public Administration and Regional Development, has stressed on several occasions.

According to the Somogy County Newsportal, there are a good number of young people among the newcomers, while the ageing settlement structure is affected by the presence of foreigners, German, English and Dutch families, because they are typically older and therefore do not improve the age structure of the settlements.

I have recently looked at our statistics and they show that the over 60s make up 38 percent of the population, noted László Nándor Farkas, mayor of Balatonszentgyörgy (southern shore of Lake Balaton).

The problem is not a new one, because the ageing of the Balaton population has been going on for decades, but we are only now noticing it, stressed Gábor Lombár, President of the Balaton Association.

As reported by Mandiner, an increasing number of Germans are feeling uncomfortable with the political situation in their own country, which has changed radically in recent years. This is the conclusion of the Mitteldeutscher Rundfunk (MDR), investigating why more and more German citizens are moving to Hungary.

Last year, a TV crew filmed in Keszthely (western shore of Lake Balaton) and Marcali (western Hungary). They found that Germans settling in Hungary have already organized local groups in twenty settlements in the Balaton region.

A real German-speaking infrastructure with German service providers has already been established in some parts of the Transdanubian region.

According to an article in Nius.de, Hungary is the new destination that Germans are longing for.

The cost of living is 46 percent lower than in Berlin, for example, and there are also fewer taxes to pay. What is more, Germans are welcome in Hungary.

*********************************

You're very welcome to comment, discuss and enjoy more stories via our Facebook page: 
Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary

You can subscribe to our newsletter here: XpatLoop.com/Newsletters

Do you want your business to reach tens of thousands of potential high-value expat customers? Then just contact us here!

 

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Today

Appearing online long after XpatLoop.com this ‘government related’ source states its aim as "to provide a complete, unbiased picture of Hungary”. It continues by acknowledging this “does not necessarily mean that our writers do not have their own opinions, sometimes reflected to a degree in the articles they publish” - and so it's really worth readers here keeping that in mind. Another stated aim is to become ‘the leading English-language news portal of Hungary’, a position held for well over 20 years by good old independent XpatLoop! Still our team has no issue with positively highlighting one or two useful articles published by Hungary Today - with their permission - for your interest.