Leopoldstadt

Leopoldstadt occupies an island between the Danube Canal and the Danube, and that watery setting gives Vienna's 2nd district its greenest credentials: the vast Prater park, with its famous Ferris wheel, and the baroque Augarten both lie within it. Once the city's Jewish Quarter, it has become Vienna's edgy, multicultural and increasingly fashionable neighbourhood, with the Karmelitermarkt cluster of wine bars and bistros at its social heart. For residents the appeal is green space, markets, excellent cycling and quick access to the centre; for investors it is an inner district whose prices have climbed above the citywide average as it gentrifies. The cautions are structural to Vienna: strict rent regulation that caps yields, and high purchase and transfer costs. For buyers seeking a livable, appreciating inner-city home, Leopoldstadt is one of the city's most compelling.

Leopoldstadt in Vienna, Vienna (Wien), Austria