Shared ownership apartments

Co-ownership refers to a form of living in which the resident redeems a certain portion of the apartment, usually 10–20%, of the apartment's price.

The co-owner has a lease agreement for his co-owned apartment. During the period of residence or at the latest at the end of the co-ownership period, the resident can redeem the apartment as his own. If necessary, co-ownership can be used as collateral for a mortgage. 

When the apartment is redeemed as one's own, the initial investment paid by the tenant and any additional shares purchased by the tenant during the rental period are deducted from the redemption price. When the apartment has been claimed as your own, it corresponds to a traditional housing association apartment.

You can get to know the shared ownership apartments in the city of Imatra Mitra Imatra Rakennuttaja Oy on the pages