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Hungary Expat Forum

Canadian planning to retire in Hungary

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CANGenavo
4/5/2015 10:34 EST

I am a Canadian and planning to retire with my husband in Hungary in few years. We have been in Hungary and we love it, therefore we see ourselves living there.
We are quite flexible and not difficult to adjust but have some questions and hope to get some advice to our short term and long term plans to move there temporary.

We are planning to live half a year in Hungary every year after retirement so we will be traveling to Canada often in order to be entitled for all benefits and spend time with family.
Budapest is our preferred location, but we are also considering close to Balaton or near border with Austria, I would love to get some advice about top locations for expacts.

I would like to know approximately the cost of living and if significant difference within these three areas.
What would be best advice to carry on with investments and pensions considering that we will get Hungarian citizenship eventually.

Thank you for your time

CANGenavo
4/8/2015 04:40 EST

Hi borschelrh, thanks for all information, what are most reliable real estate sites for Hungary? I tried mostly Olx.hu, are there other sites you would suggest? Thanks a lot!

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peddington
4/6/2015 14:43 EST

Indeed! When I had my 1 year "visa" I also had the "paper" which is nothing more than ones address and hey tell you it is "your address card" but it is NOT! Not recognized as such because it is a paper declaring where you live. The actual address card is issued by the Government document office. So if one get's let's say a 5 year residency then the immigration office directs the Government document office to issue the address card. This is different because citizens get their address card at the Mayor's office (City Hall) where they reside, but non-citizens don't.
Hope this clarification helps!

borschelrh
4/6/2015 13:38 EST

I have whatever they gave back in 2009 which I think doesn't exist anymore. My wife's passport expired so she had to get a new visa 2 years ago and received a plastic card instead. This all revolves around the Address Card (I am not certain this is the same thing as what she received) which I only have a flimsy paper version of and no one, including immigration, regards as an equivalent to the actual address card. For example living here in Balatonfured residents, those owning a home and paying local taxes year around, get a free annual pass to the Kisfaludi beach. When I went to get mine using my paper card at our local garbage company (figure that out as I can't) I was told no address card, no pass for the beach and I could take it up with the mayor which I did to no avail. Now it is the same thing with a car. I called the main Immigration office in Budapest who confirmed this is the new law enacted very quietly last year. How that affects things like home ownership I cannot say. Interesting anything in place before the change is okay so it only affects new purchases and then only those requiring an address card. But, without permanent residency you cannot get a card which is a "Catch 22". Basically they are telling anyone who is not already a citizen of the EU or who is not a remote descendent of a Hungarian go somewhere else. I am certain a little pecuniary lubrication can solve the problem if it becomes a serious hindrance to staying here, particularly being an American which is now in Hungary not a good thing to be. If you mention Andre Goodfriend in government it is like saying Frau Blucher in the movie Young Frankenstein. It is funny how things change so quickly. I suppose it is not out of the question to be denied permanent residency just because I am an American. Nothing is certain or even reasonable any more.

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