24.10.2008 - The characteristics of the post Soviet real estate market
After the regime of the Soviet Union had collapsed in the eighties, Eastern European countries started building up democracy. Gradually changing into market economy, young countries had to return the property (nationalized by the government before) to the rightful owners. Also national companies which had many Real Estate objects OA were privatized. This market is different to the one in the Western Europe by the fact that Western countries had many economically strong urban centers since the Middle Ages. Eastern Europe which was the agricultural part of the continent for a long time had laid the foundation for modern cities only because of industrialization which has been developed by the communist government..... Full Press Release: Source
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