Due to the development in recent years, it has become a standard that the offer of the cooperative housing in Prague also includes new properties. The high-quality performance in the Finep standard is certainty. Perhaps the greatest advantage of the cooperative ownership is an alternative option to purchase a home without a mortgage.
Advantages of the cooperative housing
- You do not have to declare your creditworthiness - no tax returns, no proof of income
- The apartment can be transferred to a private ownership
- New apartment can be purchased at any age to a natural person
- Exceptional prices
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.
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
FINEP implemented the cooperative housing with the completely new cooperative apartments in the attractive locations of Prague 9 - Prosek and Prague 10 - Štěrboholy. We thus make our new houses available to everybody, as it is no longer necessary to obtain mortgage loans with banks. The first pilot project in Prosek called Habr met with an unprecedented response, and therefore FINEP extended its offer to Prague 10 - Štěrboholy. Currently FINEP preparing new cooperative housing project at Štěrboholy
We are creating the future for Nový Opatov. A completely new centre – a square – with shops, facilities, restaurants and cafés, surrounded by a park, recreational areas, and sports and entertainment for children, teenagers and adults. A renovated metro station and tram lines in Chilská street. A unique solution regarding water, including a waterfall, a new stream and a pond with fauna and flora. Hundreds of new trees. This will all permeate Prague 11 and be widely available for its inhabitants.
New areas for work and entertainment will be developed in Nový Opatov, alongside cooperative flats, privately owned flats, rental flats and office spaces.Subscribe news of this stage
Flats Malý háj XI
Flats Malý háj XI
This emerging residential neighborhood located between Štěrboholy and Dolní Měcholupy will set values of real estate straight up in the upcoming years. And not only due to the combination of nature nearby (parks Hrušov and Říčanka and bicycle paths), a business centre, a smooth connection to the Prague´s circuit Jižní spojka ("South Link"), but also due to the complex modern architecture. As the apartment owner in this residential house, you will be surely pleased to enjoy your private balcony, patio or balcony every day. And why not to enjoy the newly built relaxation zones? Families with children can look forward to modern and safe playgrounds. You will also appreciate easy accessibility to public transport with the bus stop being located only 2-minute walk away and the A Metro line or the tram line to the city centre up to 10 minutes away. The Malý háj´s transport accessibility will get improved in the future with the upcoming tram line being now in the project preparation stage.Subscribe news of this stage