Housing privatization implies the transfer of state or municipal property to private use. This process assumes that the property is initially in state ownership — in countries where the state’s position in the real estate market is initially minimal (UAE, Indonesia), the acquired housing is already at the complete disposal of the buyer.

Advantages and Disadvantages of Privatization

Advantages:

  • Ownership of the apartment.
  • Possibility to dispose of the housing: sell, rent, pass on by inheritance.
  • Protection from eviction.

Flaws:

  • The costs of maintaining and repairing the housing are borne by the owner.
  • Increase in utility bills, including major repairs.

Possible reasons for refusal:

  • Housing is not subject to privatization (service, emergency).
  • Incomplete set of documents.
  • Disagreement of all registered persons.

Most often, you can try to challenge the refusal in court.