This study serves as a comparative analysis of several post-communist countries' experiences on the transformation of state/social property, respectively privatization that confronts the question of the need for economic development of post-communist countries on the one side and the question of the property rights - resolving property claims on the other side. It shows how the balancing conflict of interests is reached during the privatization process. The reader will learn why different models of privatization are implemented in the countries subject of analysis and under what circumstances? Why does a unique model of transformation not exist? In conclusion the study determines how balancing interests are reached in the process and how property rights are treaded, transformed and property disputes resolved.