Besedilo obravnava proces privatizacije stanovanj in urbane rehabilitacije v transformaciji srednjeevropskih mest. Spremembe zahtevajo obsežno privatizacijo podjetij, pa tudi zemljišč in stanovanj. Proces privatizacije stanovanj vključuje spremembe v lastništvu, upravljanju stanovanjskega fonda in nov sistem stanovanjskih financ, ki bodo vplivali na novo stanovanjsko izgradnjo, modernizacijo in rehabilitacijo obstoječega stanovanjskega fonda in bodo lahko privedle do soci- alnih in fizičnih sprememb v mestih. Vprašanje je, ali bo stanovanjska privatizacija v srednjeevropskih mestih vodila v boljše možnosti za rehabilitacijo ali pa bo obratno. The article deals with the process of housing privatisation and urban revitalisation in the transformation of Central European cities. Reforms require extensive privatisation of firms as well as land and housing. The process of housing privatisation includes changes in ownership, management of the housing stock and a new system of housing finances, which will affect new construction, modernisation and rehabilitation of the existing stock and can lead to social and physical changes in cities. The question is whether housing privatisation in Central European cities will lead to better chances for rehabilitation or just the opposite.