I am interested in buying a flat -- so I've been searching. I found one that's interesting for me. However, I found out that it's not a typical ownership (at least to me) -- the owner/seller told me the flat is "cooperative ownership (spoldzielcze wlasnosciowe prawo)". I've read about this (see two articles below), although I had to use Google translate. Essentially, it sounds legal and legit, however this comes without a land register, thus I do not own any portion of a land that this building sits on.
What is a practical implication of this?
From a theoretical perspective, a typical ownership (which comes with a land register) seems better and worth more than cooperative ownership (spoldzielcze wlasnosciowe prawo). However, is that true in practice? Should not owning a land result in this type of flats being priced much cheaper -- then by what margin? Will it be harder to sell it in the distant future? Perhaps, polish people do not consider these different types of ownership to be significant? And should I walk away from this type of deals (which is by far a minority of all flats in a secondary market)?
I would like to hear opinions of those who have lived and purchased flats in Poland.