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After decades of societal and economic changes corresponding to a transition from a centralized and authoritarian political regime to a more decentralized democracy, Bucharest becomes a European capital in 2007. Following the example of other capitals of the European Union, Bucharest must integrate urban legacies and practices into new modalities of urban production. Residential housing reflects both past practices and the effects of the formation of land and property markets in an open economy. After comparing Bucharest to other European capitals, the article analyses the governance of the land and property markets in a regulatory system characterized by a certain elasticity before exposing the stakes of the new residential complexes on the periphery of the centre of the agglomeration.
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