Rent Less than One Euro a Year? In Germany, a Residence Has Not Changed the Price of Its Rents in Five Centuries

ladepeche.fr

Lean Left

Factuality

Ownership

In Germany, the Fuggerei residence defies the laws of the real estate market. In this complex founded in 1521, the rents remained frozen... less than one euro a year. A unique model of 500-year-old social housing.

mariefrance.fr

Factuality

Ownership

In France, like all over Europe, the price of real estate rentals is booming. However, some lucky people seem to live in another era. Indeed, according to information relayed by West France, there is a residence where tenants pay only 0.88 euros of rent per year. It is good standing housing, whose rents have not moved for five centuries. No inflation or revalorisation and an amount to be paid for tenants that defies any competition. A rent amoun…