• iconNews
  • videos
  • entertainment
  • Home
  • News
    • UK News
    • US News
    • Australia
    • Ireland
    • World News
    • Weird News
    • Viral News
    • Sport
    • Technology
    • Science
    • True Crime
    • Travel
  • Entertainment
    • Celebrity
    • TV & Film
    • Netflix
    • Music
    • Gaming
    • TikTok
  • LAD Originals
    • Say Maaate to a Mate
    • Daily Ladness
    • Lad Files
    • UOKM8?
    • FreeToBe
    • Extinct
    • Citizen Reef
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube

LAD Entertainment

YouTube

LAD Stories

Submit Your Content
There’s an area in Germany where the price of rent hasn’t changed for 500 years

Home> News> World News

Published 20:45 2 Nov 2023 GMT

There’s an area in Germany where the price of rent hasn’t changed for 500 years

Imagine the rent never going up for 500 years, that's the dream

Joe Harker

Joe Harker

Featured Image Credit: Getty Stock Images/Heidi Spöhel/RDB/ullstein bild via Getty Images

Topics: World News, Money, Home

Joe Harker
Joe Harker

Joe graduated from the University of Salford with a degree in Journalism and worked for Reach before joining the LADbible Group. When not writing he enjoys the nerdier things in life like painting wargaming miniatures and chatting with other nerds on the internet. He's also spent a few years coaching fencing. Contact him via [email protected]

X

@MrJoeHarker

Advert

Advert

Advert

Let's not beat around the bush, the high rates of rent that people have to put up with are an absolute pile of s**t.

Your hard-earned money is going into your landlord's pocket each month instead of at least paying off part of a chunk of a mortgage, and even worse is the price going up year-on-year.

So many people are waiting to hear whether their rent is going to be put up yet again, with rent chomping up a bigger proportion of the pay packet than ever before.

With that in mind the idea of a place where the rent hasn't risen for 500 years sounds incredibly appealing, but it's the only spot in the world where such a thing exists.

Advert

If you wanted to live there then we'll also need to warn you that in addition to there being limited spaces there's also a rather strict list of entry requirements.

The Fuggerei was built in 1516 and is the world's oldest public housing project.
Günter Schneider/ullstein bild via Getty Images

In the city of Augsburg, Germany, there's a walled enclave called the 'Fuggerei'.

If you do get a look around the place you'll be treated to the sight of some beautiful houses which have been built to look as close to how they did back when the Fuggerei was founded in 1516.

Something else this place is keen on is keeping rent for residents down at the same level it was back in 1516, and if you think that means cheap rent then you'd be correct.

Advert

The cost to live in the Fuggerei for one year is just a little bit less than a Euro, 88 cents (77p) to be precise, and you'll need to say three prayers a day for the owners of the community.

For this you'll get an apartment that's between 45 and 65 square metres, with access to a garden shed if you're on the ground floor and an attic if you live upstairs.

A whole year's rent is just 77p, and three prayers a day for the owners.
DeAgostini/Getty Images

While the look of the place might be old fashioned they do all have running water and electricity, and each home has its own unique doorbell so you can tell which place is yours even when it's dark.

Of course since the invention of streetlights you don't need to tell which door is yours by the shape of the bell but it's still a nice touch.

Advert

However, if you wanted to live in the Fuggerei and pay the same rent that people in 1516 did then you also need to meet the same entry requirements.

You need to have lived in Augsburg for two years, be Catholic in your religion and be suffering from poverty without being in debt.

That all sounds a bit specific, but given the clamour for fairly priced properties on the rental market isn't it worth consideration?

Choose your content:

10 hours ago
11 hours ago
  • 10 hours ago

    Everything we know about Texas floods that have killed at least 121 as Trump arrives at disaster site

    The President and the First Lady have headed to the state one week after the horror floods wreaked havoc

    News
  • 10 hours ago

    Scientists make surprising discovery at what lies under Antarctic ice sheet after its been covered in ice for 34 million years

    It could help scientists predict the future of the ice sheet

    News
  • 11 hours ago

    Paedophile to be surgically castrated after raping girl, 6, in nation's shock new punishment tactic

    It comes a year after a law was passed in Madagascar permitting the controversial punishment

    News
  • 11 hours ago

    Scientists think they've worked out what unknown interstellar object in our solar system is

    It came from outside our own solar system

    News
  • People shocked after seeing price for a bottle of beer at Wimbledon this year
  • A UK house is up for sale with a guide price of £10 but there is a major catch
  • Brits given deadline for mortgage scheme where you need just a 5% deposit to buy a house
  • Incredibly rare deep sea discovery made in area where Bible says Moses parted Red Sea