Pempelfort

Pempelfort is Düsseldorf at its most cultured. Wrapped around the northern edge of the Hofgarten, Germany's oldest public park, the district carries the city's artistic pedigree, home to the renowned Kunstakademie, the historic Malkasten artists' association and a constellation of galleries. Daily life is refined and central. The Nordstrasse is one of the city's best eating-and-drinking streets, while the famous Japanese quarter on Immermannstrasse, reflecting Düsseldorf's large Japanese business community, lies just to the south, along with the luxury Königsallee and the architecturally striking Kö-Bogen retail complex. Handsome period apartment blocks line streets that stay quiet despite the central location. For investors, Pempelfort is a prestige central hold. Yields are modest and squeezed by NRW's high transfer tax and rent caps, but demand from Düsseldorf's affluent professional and corporate population is durable and vacancy negligible. It is an appreciation-and-prestige play in one of the city's most coveted quarters.

Pempelfort in Düsseldorf, North Rhine-Westphalia, Germany