US EditionMiddle Age rents live on in German social housing legacy
- The Fuggerei, a social housing complex in Augsburg founded by Jakob Fugger in 1521, provides affordable homes for 150 financially needy residents.
- Jakob Fugger established the Fuggerei with the condition that rents must never increase, keeping annual rent at one Rhenish gulden, about 88 cents today.
- Residents must recite a daily prayer for the donors and meet criteria including Augsburg residency, Catholic faith, and financial hardship, with three to seven years waiting lists.
- Angelika Stibi, a 60s pensioner diagnosed with cancer, got her Fuggerei home this year, paying just 88 euro cents annually, saying 'everything went from bad to worse'.
- The Fuggerei remains unique for unchanged Middle Age rents despite rising costs in other German cities, supporting residents like Stibi and preserving a historic social model.
19 Articles
19 Articles
In Augsburg, Germany, lucky residents benefit from a rent defying all competition in the oldest social residence in the world, founded in 1521 when she received the keys to her
Wednesday, June 18, 2025 - 16:59 Living here would cost... less than one euro a month: to access it, "you have to be Catholic and in need" By RTL info with Belga In Augsburg, Bavaria, a hundred residents live in a medieval complex where the monthly rent has remained unchanged for more than 500 years. Reading Zen Angelika Stibi, a retired German, regained a breath of serenity by receiving the keys to her new apartment. For only 88 cents a month, …
In Augsburg, Germany, the Fuggerei residence, founded in 1521, still offers low-cost housing to the most deprived. A medieval heritage still alive. Nestled in the heart of Bavaria, an architectural complex out of time is home to people with modest incomes. For the modest sum of 88 cents a month, it is [...] Article A rent of 88 cents: the oldest social housing in the world resists time appeared first on Le Singulier.
When she received the keys to her home, a weight fell off the shoulders of Angelika Stibi. This retired German woman in need will pay only 88 cents of rent per month, in the oldest social housing in the world, in Bavaria.A new roof, a new life and a new...
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