Today marks an important milestone on our path to making Aligned Ownership a trusted, regulated way to own and invest in homes across Europe.
On 28 April 2026, the Supervision Committee of Latvijas Banka decided to issue an investment firm licence to pinyya invest, part of the pinyya group. This licence allows pinyya invest to provide investment services and ancillary services under European financial regulation – strengthening the foundation on which our Aligned Ownership model is built.
Why this licence matters
Aligned Ownership is designed to connect two sides of the housing market that have drifted apart: people who want to live in a home and long‑term investors who want transparent exposure to residential real estate. For our model to work at scale and over decades, the structures behind it must be as robust as the homes and communities they serve.
Latvijas Banka notes that pinyya invest is part of the Austrian pinyya group, which has developed the Aligned Ownership model to support apartment purchases in large European cities while giving investors access to the underlying assets through regulated financial instruments. The licence enables pinyya invest to execute orders on behalf of clients and place financial instruments without a firm commitment basis, as well as to hold financial instruments and provide related services around initial allocation.
In simple terms: it is a supervisory authority confirming that our investor structures meet the standards expected of an investment firm in the European Union.
A stronger foundation for aspiring homeowners
For the people at the heart of pinyya – aspiring homeowners in cities like Vienna – the licence is not about legal language. It is about trust. It means that behind the scenes, the capital that helps them buy the share of a home they can afford today is organised in a regulated framework, under the supervision of a central bank.
Our Aligned Ownership model lets residents:
- Buy the share of a home they can afford now, starting from a smaller equity contribution instead of the traditional 20% deposit.
- Move into the apartment from day one as a part‑owner, not just a tenant.
- Grow their ownership over time, in line with how their life and income develop.
The new licence does not change this promise; it makes the infrastructure behind it more resilient.
A clearer path for investors
For investors, the licence is a signal that pinyya’s approach to structuring and handling investments is formally recognised at the European level. It allows pinyya invest to offer regulated exposure to a portfolio of homes where real people live, work and build their lives – without turning investors into landlords.
By combining regulated investor structures with the lived reality of residents, Aligned Ownership aims to ensure that value created in housing markets is shared more fairly between those who live in homes and those who finance them.
Looking ahead
This licence is not the destination. It is one of the core building blocks we need to make Aligned Ownership a long‑term part of Europe’s housing finance landscape.
In the coming months, we will continue focusing on our primary mission: helping people who are locked out of traditional mortgages find a fair, transparent way into ownership – starting with apartment buyers in Vienna.
If you are exploring how to buy your first home, or you are an investor interested in how Aligned Ownership works in practice, you can learn more on our website or reach out to our team directly.