International Real Estate - For Sale In ... Moscow - NYTimes.com

Owners' paradise...

International Real Estate - For Sale In ... Moscow - NYTimes.com: "After years without a true real estate market during the Soviet era, Moscow housing has gone through a roller-coaster ride in the last few decades.

After the dissolution of the Soviet Union in 1991, Moscow residents who were officially registered at an address were given the right to purchase their government-owned homes for pennies, said Nuri Katz, the president and chief executive of Century 21 Russia. “Wherever you were at the time, you got to own at the time, free and clear,” he said. “It was amazing.”"