This secret German neighborhood has charged the same rent for 500 years — less than INR 100 per year
In Augsburg, Germany, the Fuggerei has maintained remarkably stable rent for five centuries, charging residents about €0.88 annually. Founded in 1521 by Jakob Fugger, this social housing complex requires residents to be Catholic, Augsburg citizens, and pray for the Fugger family.
In Augsburg, Germany, the Fuggerei has maintained remarkably stable rent for five centuries, charging residents about €0.88 annually. Founded in 1521 by Jakob Fugger, this social housing complex requires residents to be Catholic, Augsburg citizens, and pray for the Fugger family.
