Published: November 21 2023
Budapest, Hungary is a must-visit travel destination for many reasons. From its rich history and stunning architecture to its vibrant cultural scene and delicious food, Budapest offers something for everyone. In this article, we will explore four reasons why Budapest should be your next travel destination.
Explore the Rich History and Architecture
Budapest is known for its impressive architecture and rich history. From the iconic Chain Bridge and Buda Castle to the majestic Hungarian Parliament Building and St. Stephen's Basilica, there are plenty of historic landmarks to explore. Take a stroll along the Danube River and admire the breathtaking views of the city, or visit the city's many museums to learn more about its fascinating past.
Immerse Yourself in Cultural Delights
Budapest is a city that truly embraces its cultural heritage. From classical music concerts and opera performances to traditional folk dance shows and vibrant street art, there is always something happening in Budapest. Don't miss the chance to soak in the thermal baths, which are a beloved part of the city's culture and offer a unique and relaxing experience.
Indulge in Delicious Hungarian Cuisine
Hungarian cuisine is known for its hearty and flavorful dishes. Try traditional Hungarian goulash, langos (fried dough), chimney cake, and kürtőskalács (sweet pastry) to get a taste of the local flavors. Explore the city's vibrant food markets and street food stalls, or dine in one of Budapest's many restaurants to experience the full range of Hungarian gastronomy.
Experience the Beauty of Budapest's Nature
In addition to its stunning architecture and cultural attractions, Budapest is also blessed with natural beauty. The city is home to several parks and green spaces, such as Margaret Island and City Park, where you can relax and enjoy nature. Take a boat cruise along the Danube River to admire the city's scenic skyline and bridges, or escape to the nearby Buda Hills for hiking and panoramic views of Budapest.
With its rich history, vibrant culture, delicious cuisine, and stunning natural beauty, Budapest is a city that should not be missed. Whether you're a history buff, art enthusiast, foodie, or nature lover, Budapest offers a wide range of experiences that will leave you enchanted. Plan your trip to Budapest and discover all that this remarkable city has to offer.
Questions & Answers
What is the Babaváró loan in Hungary? The Babaváró loan is a subsidized loan in Hungary that offers permanent interest exemption and debt forgiveness for children born during the loan term.
How long is the interest-free period for the Babaváró loan? The Babaváró loan is interest-free for the first 5 years. If a baby is born during this period, the "freeness" of the loan becomes permanent.
Is the Babaváró loan only for purchasing a home? No, the Babaváró loan can be used for various purposes, such as buying a home, renovation, or buying a car. It is a flexible loan that can be used for any purpose.
Can foreign nationals living in Hungary apply for the Babaváró loan? Yes, both Hungarian citizens and foreign nationals who have been long-term residents of Hungary for at least 3 months are eligible to apply for the Babaváró loan.
What are the changes in the eligibility criteria for the Babaváró loan in 2024? Currently, the age limit for the female spouse of the couple applying for the loan is 41 years. From 2024, this limit will be lowered to 30 years. It's important to note that a baby must be on the way, and if the pregnancy has reached the 12th week, the couple can still be eligible for the loan if the woman is between 30 and 41 years old.
What is the maximum loan amount for the Babaváró loan? Currently, the maximum loan amount for the Babaváró loan is 10 million forints. However, from next year, it will increase to 11 million forints.
Are there any penalties for not meeting the eligibility criteria or violating the loan terms of the Babaváró loan? Yes, if the eligibility criteria or loan terms are not met, the interest exemption and support received so far must be repaid. The specific amount to be repaid depends on the calculation method of the interest support, which is based on the 5-year government bond yield.
Can the Babaváró loan be combined with a market-based mortgage loan? Yes, it is possible to take a market-based mortgage loan in addition to the Babaváró loan. In this case, the Babaváró loan can be considered as self-financing and contribute to the required equity.