Privatization is the transfer of residential premises from the state housing stock to private ownership.
According to the Law of Ukraine “On Privatization of the State Housing Stock”, the following premises can be privatized:
- apartments or houses;
- residential premises in hostels for families and individuals;
- rooms in apartments and private houses where two or more people live, as well as utility rooms that refer to them, for example, a basement.
In addition, Article 2 of this Law contains the list of premises that cannot be privatized. This list includes the premises that are located in the territory of cultural, recreational or strategic importance.
The legislation provides for two possible options for privatization:
- free transfer of apartments, houses, residential premises in hostels;
- sale of the remains of the total area of apartments, houses, residential premises in hostels to the citizens who live in them or are in the queue of persons who need to improve their living conditions.