Oleg Golubchikov does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment. Republish our articles for free, online or in print, under Creative Commons licence. Over the past three decades, real estate has gained a new significance on the world stage. Many states have relaxed laws to open up national property markets to international buyers. This has not only intensified international business activities, but also offered states a new way of pursuing their global political ambitions. In Russia, real estate emerged as a marketable good in the early s, when large-scale privatisation transferred ownership titles from the state to tenants.
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