Why are there people in Germany paying one euro per year of rent? These are Fuggerei’s requirements

El Confidencial

Center

Factuality

Ownership

Can you imagine living in a house paying less than 1 euro a year? In Fuggerei, a unique neighborhood of Augsburg, this dream for many is a reality: the rent is only 0.88 euros a year. It is that Fuggerei, more than 500 years old, is considered the oldest social housing project in the world and an unusual destination for tourists. Founded in 1521 by Jakob Fugger, a financial pioneer and one of the richest men of all time, this neighborhood was co…