Phase Two – Florian Residence
LIVE IN YOUR OWN HOME,
WITHOUT A MORTGAGE.
Cooperative housing in the second phase of Florian Residence.
Q3 2028
final building approval
20%
initial payment upon joining
1.5–4 rooms
apartments to choose from
01Overview
What is cooperative housing?
With cooperative housing, you do not buy the apartment directly into private ownership. You become a member of the housing cooperative, which owns the building and its individual apartments.
As a cooperative member, you acquire a membership share associated with the right to use a specific apartment under a lease.
The cooperative takes out the loan to finance the building. You therefore do not need a personal mortgage and repay the remaining apartment price through monthly payments.
The apartment can be transferred into private ownership once the conditions have been met.
20 %
initial payment
of the apartment price
02Apartments
Cooperative housing offer
| Apartment | F2.B.105 | 1 | 3 | 84,03 | 44,01 | 128,04 | 554 990 € | For sale |
| Suite | F2.B.106 | 1 | 2 | 48,64 | 28,71 | 77,35 | 359 990 € | Pre-reserved |
| Suite | F2.B.107 | 1 | 2 | 52,48 | 54,24 | 106,72 | 384 990 € | Pre-reserved |
| Suite | F2.B.108 | 1 | 2 | 52,99 | 2,84 | 55,83 | 359 990 € | For sale |
| Suite | F2.B.205 | 2 | 1,5 | 33,47 | 2,70 | 36,17 | 259 990 € | Pre-reserved |
| Apartment | F2.B.206 | 2 | 3 | 77,92 | 6,43 | 84,35 | 519 990 € | For sale |
| Suite | F2.B.207 | 2 | 2 | 48,33 | 3,68 | 52,01 | 344 990 € | Pre-reserved |
| Suite | F2.B.208 | 2 | 2 | 52,17 | 3,71 | 55,88 | 359 990 € | Pre-reserved |
| Suite | F2.B.209 | 2 | 2 | 53,17 | 3,17 | 56,34 | 359 990 € | For sale |
| Suite | F2.B.305 | 3 | 1,5 | 33,47 | 2,61 | 36,08 | 264 990 € | Pre-reserved |
| Apartment | F2.B.306 | 3 | 3 | 77,92 | 6,43 | 84,35 | 529 990 € | For sale |
| Suite | F2.B.307 | 3 | 2 | 48,33 | 3,68 | 52,01 | 349 990 € | Pre-reserved |
| Suite | F2.B.308 | 3 | 2 | 52,17 | 3,71 | 55,88 | 364 990 € | For sale |
| Suite | F2.B.309 | 3 | 2 | 53,17 | 3,17 | 56,34 | 364 990 € | For sale |
| Suite | F2.B.405 | 4 | 1,5 | 33,47 | 2,61 | 36,08 | 269 990 € | Pre-reserved |
| Apartment | F2.B.406 | 4 | 3 | 77,92 | 6,43 | 84,35 | 539 990 € | For sale |
| Suite | F2.B.407 | 4 | 2 | 48,33 | 3,68 | 52,01 | 354 990 € | Pre-reserved |
| Suite | F2.B.408 | 4 | 2 | 52,17 | 3,71 | 55,88 | 369 990 € | For sale |
| Suite | F2.B.409 | 4 | 2 | 53,17 | 3,17 | 56,34 | 369 990 € | For sale |
| Suite | F2.B.505 | 5 | 1,5 | 33,47 | 2,61 | 36,08 | 274 990 € | For sale |
| Apartment | F2.B.506 | 5 | 3 | 77,92 | 6,43 | 84,35 | 549 990 € | For sale |
| Suite | F2.B.507 | 5 | 2 | 48,33 | 3,68 | 52,01 | 359 990 € | For sale |
| Suite | F2.B.508 | 5 | 2 | 52,17 | 3,71 | 55,88 | 374 990 € | For sale |
| Suite | F2.B.509 | 5 | 2 | 53,17 | 3,17 | 56,34 | 374 990 € | For sale |
| Suite | F2.B.705 | 7 | 1,5 | 33,47 | 2,61 | 36,08 | 289 990 € | For sale |
| Apartment | F2.B.706 | 7 | 3 | 77,92 | 6,43 | 84,35 | 574 990 € | Pre-reserved |
| Suite | F2.B.707 | 7 | 2 | 48,33 | 3,68 | 52,01 | 376 990 € | For sale |
| Suite | F2.B.708 | 7 | 2 | 52,17 | 3,71 | 55,88 | 391 990 € | For sale |
| Suite | F2.B.709 | 7 | 2 | 53,17 | 3,17 | 56,34 | 391 990 € | Pre-reserved |
No units match your selection.
03Benefits
Benefits of cooperative housing
No personal mortgage
The housing cooperative takes out the loan. You do not enter into an individual mortgage agreement with the bank.
You only need 20% of the apartment price
A reservation requires a payment of just EUR 20,000, with the balance to be topped up to at least 20% of the apartment price no earlier than 1 January 2027.
An alternative for different needs
Suitable for young people, families, self-employed people, business owners, seniors and people who do not want or cannot obtain a conventional mortgage.
Predictable monthly payments
Monthly payments are set for the fixed interest-rate period (usually five years), making it easier to plan your household budget.
Potential future ownership
After five years at the earliest, and subsequently once a year subject to agreement with the bank, it will be possible to request early repayment and transfer of the apartment into private ownership.
The membership share is transferable
You may transfer your share to another person or leave it to your heirs; it forms part of your estate.
04Process
Your path to a cooperative apartment
From registering your interest to the option of private apartment ownership: the entire process in eight clear steps.
01
You register your interest
Complete the non-binding registration form and tell us the apartment size you are interested in. Once the offer is launched, we will contact you with more information.
02
You choose an apartment
Choose an apartment that suits you from the current cooperative housing offer at Florian Residence.
03
Reservation agreement
A reservation fee of EUR 20,000, which is credited towards the initial membership contribution.
04
You pay 20% of the apartment price
You pay a minimum initial amount of 20% of the total apartment price, including accessories. Depending on the terms, it may be possible to pay more and reduce your future monthly payments.
05
You become a cooperative member
You apply to join the housing cooperative. Once approved, you receive a membership share associated with the right to use a specific apartment.
06
You sign a lease
The cooperative signs a lease with you for your selected apartment.
07
You make monthly payments
You repay the remaining apartment price to the cooperative through regular monthly payments. These also include other costs associated with administering and using the apartment.
08
Your apartment can become privately owned
Once the contractual conditions have been met, you may request transfer of the apartment into private ownership.
05Who it is for
Is cooperative housing
right for you?
Cooperative housing may be a suitable solution if any of the following situations apply to you:
- You are looking for a new apartment but do not want a mortgage
- You cannot obtain a mortgage or its terms do not suit you
- You run a business or have income that banks assess more strictly
- You are looking for long-term housing with the option of future private ownership
- You want the option to transfer your membership share or pass it on to your heirs
06Comparison
Cooperative housing, a mortgage or renting?
| Comparison | Cooperative housing | Buying with a mortgage | Conventional renting |
|---|---|---|---|
| Who takes out the loan | Housing cooperative | You (personal mortgage) | None |
| Apartment owner | Housing cooperative | You (subject to the bank’s mortgage lien) | Landlord |
| Initial amount | min. 20% of the apartment price | Usually 20–40% (own funds) | Deposit of 1–3 months’ rent |
| Option of ownership | Yes, once the conditions are met | Immediately upon transfer | No |
| Transferability | Yes – share transfer | Yes – property sale | No |
| Inheritance | Yes – membership share | Yes – property | No |
07Questions and answers
Frequently asked questions
Who owns the building and the apartment?
The cooperative owns the cooperative apartments in the building. As a member, you buy a membership share linked to your selected apartment, giving you the right to use it. The share can be sold or gifted immediately after acquisition and can be inherited.
Do I need a mortgage to buy a cooperative apartment?
No. The cooperative takes out the loan from the financing bank, rather than individual members. The loan repayments are allocated among the members by the administrator. Members pay a membership deposit (at least 20% of the apartment price) and monthly payments.
How much of my own money do I need?
To purchase a membership share, all clients without exception must pay a membership deposit of at least 20% of the apartment price. Of this amount, EUR 20,000 is paid as a reservation fee, due within 10 days. The remaining balance is paid later, the balance is paid later, no earlier than 30 days after signing the Reservation Agreement. Upon joining the cooperative, an administration fee (no more than EUR 1,000), a basic membership contribution (estimated at EUR 100) and a security deposit are also payable.
Can I pay more than 20%?
Yes. The membership deposit may exceed 20%, up to a maximum of 60% of the apartment price.
What does the monthly payment include?
The monthly payment includes the member’s share of the cooperative’s loan repayment (allocated among members by the administrator), a monthly cooperative administration fee estimated at EUR 15, and monthly advance payments for utilities and services.
Can the monthly payment amount change?
The monthly payment remains unchanged during the loan’s fixed-rate period. The cooperative’s loan is normally fixed for a five-year period.
Can I sublet the apartment or make alterations?
Yes, the apartment can be sublet. Any alterations must be discussed with and approved by the cooperative.
Is the transfer into private ownership automatic?
No. Transfer into private ownership is not automatic. You must request it from the cooperative, and it is possible no earlier than after five years.
Can I also buy a parking space or storage unit?
Yes. Parking spaces and storage units can be purchased through the cooperative or through a conventional purchase.
08Register your interest
Cooperative housing
at Florian Residence
Get the opportunity to live in the second phase of Florian Residence without a personal mortgage. Register your interest to be among the first to receive information about available apartments, prices and terms.
Registering your interest is non-binding and does not constitute an apartment reservation, a cooperative membership application or an entitlement to enter into a contract.