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I would say that Budapest is a great place for pensioners, especially if they have a Finnish pension. :-)
Seriously, it is a great place to live quality life when you're retired. There are many-many baths where you can cure yourself or just relax and enjoy their goods effects, that's for one. You have great health services, a lot of private doctors that cost nothing compared to prices in Western Europe.
Moreover, the city's pace is slow, it's rather peaceful and secure.
And Hungarians love Finns!
I do absolutely recommend it!