What is a housing cooperative?

In a housing cooperative, the future residents come together to build their homes at cost price. There is no developer in between taking a profit margin: the members, supported by a professional manager (the «gestora»), promote the project themselves.

How you save

Because you pay the real cost of building your home rather than a market price with a developer's margin, the estimated saving is around 20%* compared with an equivalent home bought from a developer.

*Indicative estimate based on the elimination of the developer's margin. Actual savings depend on each project, its location and cost trends. This does not constitute a commercial promise or a guarantee of the final price.

Taxes

The cooperative model removes the developer's margin, not taxes. The allocation of the home to the member is subject to the reduced 10% VAT rate, like any newly built home, plus the usual notary, land registry and stamp duty costs. Each development states the conditions that apply to it.

Your money is protected

Spanish law (Ley 38/1999 on Building Regulations, LOE) protects buyers of new homes. In our promotions this means:

• Bank guarantee — the amounts you pay on account are guaranteed by a bank until the home is delivered.
• Ten-year insurance (seguro decenal) — covers structural damage for ten years after completion.

Registry of applicants (RDV)

Joining a cooperative goes through a registry of housing applicants (RDV), which brings order and transparency to how homes are assigned.

The role of the manager

A professional manager (such as Tau) coordinates the project: land, licences, construction and administration — so members can focus on their home.