YIT Sells Another Building to Housing Cooperative in Prague’s Ranta Barrandov IV Project

YIT has sold a residential building in its Ranta Barrandov IV development to a housing cooperative, continuing its commitment to supporting affordable and alternative housing models in Prague. The transaction covers Building C, which includes 69 apartments and will be built by YIT for the Ranta Barrandov IV Housing Cooperative. Construction began in July 2025, with completion scheduled for early 2027.

The Finnish developer has increasingly integrated the cooperative model into its projects, viewing it as a practical response to challenges in housing affordability. Under this approach, YIT builds the property while the cooperative manages the sale of individual units to its members. The model offers a solution for residents who face difficulties securing traditional mortgages, providing access to new homes under more flexible financing conditions.

“We already have experience with construction for housing cooperatives from our previous projects,” said Marek Lokaj, CEO of YIT Stavo. “Using the same model, where we build houses for the cooperative and they arrange the sale of the apartments, we have completed several buildings in our Hyacint Modřany, Suomi Hloubětín, Rivi Bachova, and Portti Kladno projects. Interested buyers who prefer cooperative housing due to financing constraints will now have an opportunity to purchase an apartment in this popular Prague district.”

Building C will consist of three four-storey sections connected by a shared base and underground parking. The 69 apartments will range in size from 35 to 115 square metres, offering layouts from one to four rooms. All homes will be built to YIT’s established standards of quality, energy efficiency, and design.

The sale adds to YIT’s broader activity in the Barrandov area, where the company is currently completing the third phase of Ranta Barrandov with 57 apartments. By the end of this year, it will also launch sales of 29 privately owned units from the fourth phase, further expanding the neighbourhood’s mix of ownership and cooperative housing options.