Cooperative housing

Cooperative housing is an affordable alternative to buying an apartment without the need for a mortgage.

The buyer becomes a member of a housing cooperative that owns the building and gains the right to use the apartment on a long-term and unlimited basis. Instead of paying off a mortgage, they pay a membership deposit and regular monthly rent. Once the annuity has been fully paid, the apartment can be transferred into personal ownership.

Advantages of the cooperative housing

You don't have to prove your creditworthiness to the bank in the same extent as if you apply for a mortgage loan (e.g. you don't have to provide a tax return or acknowledgement of your income). We only verify the basic legislative obligations imposed on us by the Anti-Money Laundering Act
The apartment can be transferred to a private ownership
New apartment can be purchased at any age to a natural person

Come to discuss the cooperative housing with us.

Are you not sure if the cooperative housing is right for you? Would you like to know more about the cooperative housing? If so, do not hesitate to contact us, we are ready to help you.

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Cooperative flats on offer

Project
Flats Nový Opatov
Pricelist
More information
Newly developed area
Discover a new place to live by Opatov metro station
Prague 11
Cooperative
ownership
Project
Flats Malý háj
Pricelist
More information
Living at Malý háj
Choose your new home in a quiet part of Prague
Prague 10
Štěrboholy
Cooperative
ownership
Project
Flats Britská čtvrť
Pricelist
More information
New apartments in Britská čtvrť
New apartments in favourite location
Prague 5
Stodůlky
Cooperative
ownership

History of the cooperative housing in Prague

Cooperative housing has a long tradition in both Prague and the Czech Republic. The first references have appeared already in the 19th century. During the First Republic era, the associations had not only a professional character, but also a social and cultural impact. Their development was interrupted by the Second World War. They were restored after the Second World War and participated in the reconstruction of destroyed housing stocks. The 1950s brought a big blossoming, when a large number of apartments were built with a financial assistance of the state and through housing cooperatives and their members. In 1980s and 1990s, cooperative apartments formed a 40 % stake for newly built prefabricated houses. After 1989, the existence of associations was almost ceased. Their revival happened due to a privatization and a transfer of apartments into a private ownership. In the territory of the Czech Republic, there are currently hundreds of housing associations. That makes us one of the European countries with the largest cooperative apartment share.

Modern cooperative housing

The first pilot project in Prosek, called Habr, received an exceptionally strong response, which led FINEP to expand its offer to Prague 9 – Prosek, Prague 10 – Štěrboholy, and Prague 5 – Barrandov.

Because cooperative apartments help improve housing affordability, there is strong demand for them. That is why we have expanded our cooperative housing offer to other popular locations across Prague. Our cooperative apartments are a way to obtain a new home simply, safely, and with the confidence of having a strong partner by your side.