The legacy of Jakob Fugger ‘The Rich’ lives on at Augsburg’s Catholic welfare settlement, the Fuggerei, which is the oldest of its kind in existence.
Around 200 people live here today and their rent remains frozen at 1 Rhenish guilder (now €0.88) per year, plus utilities and three daily prayers. Residents wave to you as you wander through the car-free lanes of this gated community flanked by its 52 pin-neat houses (containing 140 apartments) and little gardens.
To see how residents lived before running water and central heating, one of the apartments now houses the Fuggereimuseum , while there's a modern apartment open for public viewing at Ochsengasse 51. Interpretive panels are in German but you can ask for an information leaflet in English or download it from the website before you arrive.