Fuggerei Annual Rent
0.88 EUR
1 Rheinischer Gulden
Benchmark Market Rent
12,000 EUR
Augsburg / Munich Avg / Yr
Baseline Rent Multiplier
13,636.36x
Market vs Fuggerei Ratio
500-Yr Fuggerei Change
0.00%
Nominal Frozen Rent
Interactive Historical Timeline Scrubber
1521
5-Century Logarithmic Housing Rent Trajectory
Trust Endowment Simulator
Computed Operational Parity
Status: computed
Computed Multiplier: 13636.36
Current Fuggerei Rent: 0.88 EUR
500-Yr Rent Growth: 0%
1521: Founding of the Fuggerei by Jakob Fugger
Jakob Fugger "The Rich" established the world's oldest social housing trust with 106 small apartments. The annual rent was fixed in perpetuity at 1 Rheinischer Gulden—equivalent to roughly 1 week's pay for a master craftsman, or ~2.5 grams of fine silver. Tenants were also required to say three daily prayers for the Fugger family.