An apartment that you have bought and that belongs to you, as opposed to a rented apartment.
example
Sie haben lange gespart, um sich eine Eigentumswohnung leisten zu können.
They saved for a long time so they could afford to buy a condominium.
Usage tips
Word composition
The word is made up of 'Eigentum' (property/ownership), the linking -s, and 'Wohnung' (apartment). It therefore describes an apartment that is owned by a person.
EXAMPLE
Der Traum von der eigenen Eigentumswohnung ist für viele ein Lebensziel.
The dream of owning a condominium is a life goal for many people.
Common abbreviation
In real estate ads, classified ads, or even in everyday language, the abbreviation 'ETW' is often used. When you see this abbreviation, it means an 'Eigentumswohnung' (condominium/owned apartment).
EXAMPLE
Wir suchen eine 3-Zimmer-ETW in zentraler Lage.
We are looking for a 3-room condominium in a central location.
Typical verbs
Common verbs used in connection with an 'Eigentumswohnung' (condominium/owned apartment) are 'kaufen' (to buy), 'verkaufen' (to sell), 'besitzen' (to own), 'finanzieren' (to finance), or 'suchen' (to look for).
EXAMPLE
Sie möchten ihre Eigentumswohnung verkaufen und aufs Land ziehen.
They want to sell their condominium and move to the countryside.
Compare with
near_synonym · confusable
Eigentumswohnung vs Wohnung
apartment
'die Wohnung' and 'die Eigentumswohnung' both refer to rooms in a building where someone can live. 'Wohnung' is the general term and does not say whether someone rents it or owns it. 'Eigentumswohnung' is more specific: it belongs to the person who bought it. Learners may confuse the words because every condominium is also an apartment. If ownership is not important, you can simply say 'Wohnung'. If it is important that it was bought and is not rented, 'Eigentumswohnung' is the right fit.
Eigentumswohnung
Meine Tante hat eine Eigentumswohnung gekauft und zahlt keine Miete mehr.
My aunt bought a condominium and no longer pays rent.
Wohnung
Nach der Arbeit sucht Ali online nach einer größeren Wohnung.
After work, Ali looks online for a larger apartment.