WHY DID THEY CHOOSE WESTERN BALATON? MOTIVATIONS FOR FOREIGN PROPERTY PURCHASES IN THE WESTERN BALATON REGION Cover Image

MIÉRT VÁLASZTOTTÁK A NYUGAT-BALATONT? A KÜLFÖLDI INGATLANVÁSÁRLÁSOK MOTIVÁCIÓI A NYUGATBALATON TÉRSÉGÉBEN
WHY DID THEY CHOOSE WESTERN BALATON? MOTIVATIONS FOR FOREIGN PROPERTY PURCHASES IN THE WESTERN BALATON REGION

Author(s): Zsuzsanna Lőke, Ernő Kovács, Zsuzsanna Bacsi
Subject(s): National Economy, Financial Markets, Socio-Economic Research
Published by: Pécsi Tudományegyetem
Keywords: foreign real estate owners; lifestyle migration; West-Balaton;

Summary/Abstract: Our research focuses on lifestyle migration, a much weaker flow than the main migration flows, moving into the opposite direction, but having significant impacts on the local society and economy. Lifestyle migrants, being rather affluent, many of them retired, move to a foreign country, including Hungary, in the hope of higher living standards and better security conditions. Our research focuses on foreign buyers of real estate in the West-Balaton area, who had previously visited the area as tourists. Since the 1990-es several waves of foreign buyers have arrived from different countries. The motivations of foreign buyers today are compared to motivations revealed by a previous research done 16 years ago. The main difference is the emergence of a new motivation, namely security, which, together with the former motivating factors, results in a better lifestyle and a more comfortable way of life for the middle-class foreigners choosing this area as their new home.

  • Issue Year: 5/2020
  • Issue No: 2
  • Page Range: 42-54
  • Page Count: 13
  • Language: Hungarian
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