Retiring
#1
Forum Regular
Thread Starter
Joined: Jul 2015
Location: Stockton
Posts: 30
Retiring
Hi all, could a couple live comfortable on £600 per month in a typical village?
#2
Re: Retiring
Yes, assuming you start with a house in good condition that does not require renovation. Finding such a place is easier said than done. A lot have underlying defects that you may not find during a normal viewing.
#3
Forum Regular
Thread Starter
Joined: Jul 2015
Location: Stockton
Posts: 30
Re: Retiring
Thanks, I've found a place that looks ok but hasn't been lived in for two years. It's not built in the old traditional way and looks pretty good. Down side is the huge overgrown garden and the inside needs a good lick of paint. Unfortunately the owner was in Budapest and we couldn't meet! It's a few miles outside Szombathely and I'm still waiting for him to email me details, price etc.
#4
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Joined: Nov 2012
Posts: 561
Re: Retiring
Welcome to forum Yes this amount is good I have just maid payments for this year's utility bills e.one electricity 48,680fh. Water 26.200fh locale C/tax 6,000fh. Food cost are lower than UK so enjoy your retirement digger47
#5
Re: Retiring
Thanks, I've found a place that looks ok but hasn't been lived in for two years. It's not built in the old traditional way and looks pretty good. Down side is the huge overgrown garden and the inside needs a good lick of paint. Unfortunately the owner was in Budapest and we couldn't meet! It's a few miles outside Szombathely and I'm still waiting for him to email me details, price etc.
Not trying to put you off but you should be aware that poor quality housing is the norm in Hungary and you should factor that into your budget calculations.
#6
Re: Retiring
Simple answer from one who is retired, is Yes.
As per the other comments, choose a house in reasonable condition.
Decorating and gardening you will have plenty of time for, and will probably be glad of these chores to fill your time. Hungary is generally a relaxed and quiet place so it is good to have jobs around the house to keep you occupied.
If you choose a very rural village, check the shop situation, medical facilities etc.
Good Luck and welcome aboard.
As per the other comments, choose a house in reasonable condition.
Decorating and gardening you will have plenty of time for, and will probably be glad of these chores to fill your time. Hungary is generally a relaxed and quiet place so it is good to have jobs around the house to keep you occupied.
If you choose a very rural village, check the shop situation, medical facilities etc.
Good Luck and welcome aboard.
#8
BE Forum Addict
Joined: Dec 2009
Posts: 2,767
Re: Retiring
Did you (Tonymol) move to Hungary? And are you managing on £600 per month? I'm curious because my Hungarian wife asked her mother today about the cost of living in Hungary and how much we could live on comfortably. My wife's mother reckoned we'd need £1,250 per month although their own pension is less than half that but they do grow their own vegetables, have one huge apple tree, lots of plum trees, two walnut trees, etc. If they have any surplus they barter it with other neighbours for things they don't have, i.e. eggs!
For myself considering retiring early is a major decision because the difference between my pension if I retire now instead of three and half years time is about £4,000 per year! That's a huge amount.
For myself considering retiring early is a major decision because the difference between my pension if I retire now instead of three and half years time is about £4,000 per year! That's a huge amount.
#9
BE Forum Addict
Joined: Dec 2009
Posts: 2,767
Re: Retiring
Did you (Tonymol) move to Hungary? And are you managing on £600 per month? I'm curious because my Hungarian wife asked her mother today about the cost of living in Hungary and how much we could live on comfortably. My wife's mother reckoned we'd need £1,250 per month although their own pension is less than half that but they do grow their own vegetables, have one huge apple tree, lots of plum trees, two walnut trees, etc. If they have any surplus they barter it with other neighbours for things they don't have, i.e. eggs!
For myself considering retiring early is a major decision because the difference between my pension if I retire now instead of three and half years time is about £4,000 per year! That's a huge amount.
For myself considering retiring early is a major decision because the difference between my pension if I retire now instead of three and half years time is about £4,000 per year! That's a huge amount.
#10
Re: Retiring
The average net salary in Hungary is about £421 per month and there will be plenty of people on wages below the average. I live on the rental income of my house in UK. My net income is about the same as someone in Hungary working full time in a cafe or shop.
I don't actually manage on that amount but I could if I was not buying things like new windows, kitchen units, central heating systems etc etc.
I don't actually manage on that amount but I could if I was not buying things like new windows, kitchen units, central heating systems etc etc.