Cooperative housing

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.

Financujte prodejem jiné vaší nemovitosti

Cooperative housing

The most favorable financing on the market

Similarly to the properties or flats in personal ownership, when buying a property in form of cooperative housing, the buyer needs to dispose of 20 % of the full value of the property or flat. However, there is no need for the buyer to take a mortgage to cover the remaining part of the full value of the property or flat, because the cooperative takes over the loan in this form of ownership and the buyer of the property or flat is then paying a monthly installments to the cooperative. The interest which is paid by cooperative is currently lower than in case of mortgage. In addition to that, as a member of the cooperative, you can divide your installments up to 40 years which is by a quarter longer than in case of mortgage. Thanks to that, the final monthly installment is significantly more acceptable than anywhere else on the market.

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
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.

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Cooperative flats on offer

Nad Krocínkou II

New cooperative flats, Prague 9 - Prosek

Harfa Park IX

New cooperative flats, Prague 9 - Vysočany

U Šárky VI

New cooperative flats, Prague 6

Malý háj X

New cooperative flats, Prague 10 - Štěrboholy

Malý háj XI

New cooperative flats, Prague 10 - Štěrboholy

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