Düsseldorf: a new cleaner skyline for an ancient city

Düsseldorf: a new cleaner skyline for an ancient city

Daniel Libeskind renovation project boosts the real estate development of the city

Düsseldorf is the capital city of the German state of North Rhine-Westphalia and one of the most important cities in Germany. It is located on the banks of the river Rhine and hosts the seat of the regional government of Land, three universities, a renowned Academy of Fine Arts and an important fair-ground. The city also hosts the largest Japanese community in Europe (with more than seven thousand citizens).

The city was rebuilt in a hurry at the end of World War II, but the current administration is making great efforts to modernize it and make it a city on human scale. Many pedestrian precincts have been created and a plan to renovate the city centre has been approved recently. Two buildings will be built on the north side of Königsallee – one of the most elegant and luxurious alleys in Europe. The project – called the Koe-Bogen project – was designed by the architect Daniel Libeskind. The Königsallee will be connected to Hofgarten, the 28-hectare city central park that will recover its charm of urban green oasis. The ugly banked road will be pulled down and replaced by an underground tunnel with 800 car parking spaces. Environmentalists support the project that will allow the plantation of 310 platans.

The great intervention will surely influence real estate prices that are already rising. The real estate market of Düsseldorf follows Munich and Hamburg. Prices are high in the city centre, in the area surrounding the Königsallee in the old part of the city, but also in Oberkassel neighbourhood, where there are fascinating Jugendstil (Art Nouveau) homes. The average price for an apartment in Niederkassen amounts to 4411 euros per square metre. Newly-built homes in Pempelfort cost 3300 euros per square metre on average. Among the cheapest neighbourhoods in Düsseldorf, it is worth mentioning Rath – where a home can be bought for 1700 euros per square metre – and Liechtenbroich – where houses and apartments cost 2300 euros per square metre on average.

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