Housing Developments in Moscow in the 1990s

Abstract

Ownership of an apartment is fast becoming something that most Muscovites will have in common. The privatization of the housing stock has resulted in a highly speculative housing market, and the buying and selling of apartments is slowly altering the social geography of Moscow. The construction of Western-style housing catering to the newly wealthy, while still very limited, is nonetheless symbolic of the changes under way. Control over property, that is, land and buildings, is a highly contentious political issue in Russia. Land represents wealth, and in Moscow there is strong political resistance to allowing private ownership of it. This paper examines some of dimensions of the privatization of housing in particular, and the private and public sector interests involved in property development in general. 7 figures, 2 tables, 16 references.