Get a new apartment without a traditional mortgage
Benefits of cooperative housing
Cooperative housing offers a more affordable way to purchase a home, allowing you to acquire a new apartment with lower upfront costs and without the need for a traditional mortgage. It is an ideal choice for anyone looking for a simpler and more accessible path to homeownership.
Lower entry costs
To purchase an apartment, you generally only need to pay 20% of its price. The remaining amount is paid off gradually through monthly installments known as an annuity.
No traditional mortgage needed
The loan is arranged for the entire housing cooperative, so you do not have to go through the standard mortgage approval process required for privately owned property.
A more accessible path to homeownership
Cooperative financing may be a suitable solution for you, for example, if you do not qualify for a mortgage loan due to your income level or age, or if you simply prefer a different financing method.
Simpler transfer of cooperative shares
Transferring a cooperative share to a new member is administratively simpler and does not require approval from the housing cooperative or registration in the real estate cadastre.
Financing with an expert partner
They will provide expert advice, help you choose the most suitable financing option, and ensure the entire process runs smoothly—from the initial consultation to the handover of your apartment.
Our contractual partner, Solom Group, which specializes in housing cooperatives and cooperative living, will guide you through the entire process.
Frequently asked questions
Can a cooperative apartment be financed with a mortgage?
A cooperative apartment can be financed with a mortgage loan secured by another property or with a non-purpose loan for cooperative financing. If needed, other forms of financing can be used, and we will be happy to advise you on them.
What are the initial costs?
To acquire an apartment, you only need to pay 20% of its price. You pay the remaining amount gradually in the form of monthly annuity payments. This usually also includes a one-time membership fee to the housing cooperative.
Do I own the apartment if I acquire a cooperative share?
The owner of the apartment is the housing cooperative of which you are a member; you own a cooperative share and have the right to use a specific apartment. Once the annuity is paid off, it is possible to transfer the property to private ownership.
Simpler transfer of cooperative share
Transferring a cooperative share to a new member is administratively simpler and does not require approval from the housing cooperative or registration in the land registry.
Can I sell a cooperative apartment?
Yes. Transferring a cooperative share to a new member is administratively simpler and does not require approval from the housing cooperative or registration in the land registry.
Can I sublet the apartment?
Yes, you can. You just need to inform the housing cooperative.
Can the apartment be transferred to private ownership?
Yes, once the annuity is paid off, it is possible to transfer the property to private ownership.
