Discover the Historic Fuggerei in Augsburg, Germany 🇩🇪 Step into history with a visit to the Fuggerei, the world’s oldest social housing complex, located in the heart of Augsburg, Germany. Founded in 1521 by the wealthy Fugger family, this unique settlement continues to offer affordable housing to Augsburg residents in need, for a symbolic annual rent of just 1 Rheinischer Gulden, equivalent to 88 cents today! 🕰️ Wander through the charming cobblestone streets, admire the well-preserved 16th-
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The ‘Fuggerei‘ in Augsburg, Germany, is the oldest social settlement in the world, and is also one of the biggest tourist attractions in the Bavarian town. The settlement was founded on August 23rd, 1521 by Jakob Fugger, who was an incredibly wealthy merchant. To this day, Augsburg residents who are in need can live in the 67 houses of this picturesque establishment for just 88 cents per year in rent. And no, that is not a typo.⁠ Does your country have a housing project like the Fuggerei?⁠ ⁠ #au
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