Budapest Named 5th Best City in Europe for Bargain Lovers

Analysis

Photo by Dave Martin/Mountain Leon

Budapest is the fifth best city for bargain lovers in Europe according to a study by Confused.com, thanks to its highly rated flea and street markets, antique stores, and outlets.

To evaluate the cities, the experts created a points-based index system evaluating the volume and quality of markets, antique stores, and factory outlets in 51 European countries.

Budapest scored 7.04 out of 10 in the bargain hunters index. The quality of the Hungarian capital's antique stores (4.4/5) was among the best among the surveyed cities.

Bargain hunters in Budapest benefit from a higher variety of stores with 80% more markets than in Bucharest, Romania (0.15 per 100,000 people).

The quality of factory outlets in the Hungarian city also scored highly in the study with an average rating of 4.11 out of 5. This is more than 20% higher than Germany’s capital, Berlin (3.27/5).

According to the study, the best city for bargain hunters is Copenhagen, with an overall bargain index score of 8.43 out of 10. The Danish capital is home to the third highest-rated antique stores in Europe. It’s also home to the highest-rated markets in the top 10 (4.63/5).

When it comes to the number of markets in Copenhagen, the green capital has 0.40 per 100,000 people - 82% more than Warsaw (0.23 per 100,000 people).

Jessica Willock, home insurance expert at Confused.com, comments, “When searching for bargains in Europe’s best spots, there is the potential to find high-value items for a fraction of the cost. Despite their discounted price, it’s important to consider the true value of any purchases made in markets, antique stores, or outlets. This is to ensure that you have the appropriate cover on your contents insurance policy to protect your valuables."

"Typical policies for antique items vary from accidental loss, damage, and theft to depreciation in value cover. With this protection, If an item in your collection gets damaged and can’t be repaired, or it’s possible to repair but it results in a loss of value, the insurer should pay out. If you do need to make a home insurance claim, it’s important that you fully understand the type of cover you have," she adds.

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