With rising rents in Germany, many renters are seeking alternatives like housing co-ops, known as Wohnungsbaugenossenschaften. These non-profit organizations operate on principles of self-help and community, purchasing and building housing for members. To utilize their housing, a member must buy a share in the co-op and pay a monthly fee akin to rent once a flat becomes available. Co-ops are especially appealing to the elderly, young families, and low-income individuals, providing stability in an increasingly expensive rental market.
Wohnungsbaugenossenschaften are an historic and fundamental part of Germany's housing policy, offering an affordable and secure alternative to both renting and buying.
Co-ops are essentially non-profit companies run on principles of self-help, community and solidarity, which buy and build housing for their members.
When a suitable flat comes up, you pay a monthly fee - similar to rent - for use of the property.
This has made co-ops a popular choice for the elderly, young families and people on low incomes who are currently being priced out of the private rental market.
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