Published: December 19 2023
The holiday season is a time for gift-giving, and in Budapest, there are certain presents that are particularly popular. A recent survey conducted by MBH Bank reveals the top Christmas gifts that Hungarians are giving to their loved ones.
Popular Gifts in Budapest
According to the survey, sweets and books continue to be the most popular gifts in Budapest this year. However, there is a growing trend of giving experiences as gifts, with 36% of people choosing this option. Board games are also a popular choice for children.
Shopping Habits and Trends
The survey also sheds light on the shopping habits and trends during the holiday season in Budapest. More than half of shoppers start buying gifts 3-4 weeks before Christmas, and sustainability is an increasingly important aspect, with 41% of respondents considering the environment when packaging gifts. The majority of people surveyed pay close attention when choosing presents.
Budgeting and Financing Gift Purchases
When it comes to budgeting for gifts, 78% of people plan ahead for the value of the presents they want to give. However, 49% of respondents admit that they tend to overspend during the festive season. In terms of financing their purchases, most people use their current salary (34%), while 9% use some form of credit line. MBH Bank advises consumers to carefully consider their options when it comes to consumer credit during the holiday season.
Average Budget for Christmas
The survey also reveals that families in Budapest are spending an average of HUF 118,000 on Christmas gifts this year.
This holiday season in Budapest, sweets, books, experiences, and board games are popular choices for gifts. Shoppers start buying presents a few weeks before Christmas, and there is a growing emphasis on sustainability. MBH Bank advises consumers to carefully plan their budgets and consider their financing options. Families in Budapest are spending an average of HUF 118,000 on Christmas gifts this year.
Questions & Answers
What are the most popular gifts in Budapest during Christmas? The most popular gifts in Budapest during Christmas are sweets and books, with experiences also being a popular choice. Board games are a popular choice for children.
When do people in Budapest start buying Christmas gifts? More than half of shoppers in Budapest start buying gifts 3-4 weeks before Christmas.
Do people in Budapest prioritize sustainability when buying presents? Yes, an increasing number of people in Budapest prioritize sustainability when buying presents. 41% of respondents contribute to protecting the environment through packaging, and 11% consciously buy environmentally friendly products.
Do people in Budapest prefer spending time together over buying presents? Yes, more than half of respondents in Budapest stressed that they prefer to spend time together rather than buying presents.
Do people in Budapest tend to overspend during the festive season? Yes, according to the survey, 49% of people in Budapest think they tend to overspend during the festive season.
How do people in Budapest finance their Christmas purchases? Most people in Budapest use their current salary to finance their planned Christmas purchases (34%). Some people use the money they have set aside for shopping (18%), and 9% use some form of credit line (credit card, overdraft, bank loan, quick loan) to cover their expenses.
What is the average budget for Christmas spending in Budapest? The average budget for Christmas spending in Budapest is HUF 118,000.