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Capitalist private property in land and buildings – real estate – is the ground of modern cities, materially, politically, and economically. It is foundational to their development and core to much theoretical work on the urban environment. It is also a central, pressing matter of political contestation in contemporary cities. Yet it remains largely without a history. This Element examines the modern city as a propertied space, defining real estate as a technology of (dis)possession and using it to move across scales of analysis, from the local spatiality of particular built spaces to the networks of legal, political, and economic imperatives that constitute property and operate at national and international levels. This combination of territorial embeddedness with more wide-ranging institutional relationships charts a route to an urban history that allows the city to speak as a global agent and artefact without dispensing with the role of states and local circumstance.

Most historians and social scientists treat cities as mere settings. In fact, urban places shape our experience. There, daily life has a faster, artificial rhythm and, for good and ill, people and agencies affect each other through externalities (uncompensated effects) whose impact is inherently geographical. In economic terms, urban concentration enables efficiency and promotes innovation while raising the costs of land, housing, and labour. Socially, it can alienate or provide anonymity, while fostering new forms of community. It creates congestion and pollution, posing challenges for governance. Some effects extend beyond urban borders, creating cultural change. The character of cities varies by country and world region, but it has generic qualities, a claim best tested by comparing places that are most different. These qualities intertwine, creating built environments that endure. To fully comprehend such path dependency, we need to develop a synthetic vision that is historically a