Netanya’s real estate market remains a hotspot for foreign investors. A stunning five-room penthouse on Yehuda HaNassi Street, just a 15-minute walk from the beach, was recently sold for 3.78 million shekels. This exclusive 130 sqm property features a 70 sqm terrace with a private pool, a rare luxury in the area.
The buyers, a French couple who traveled to Israel specifically to find a holiday home, were immediately taken by the fully furnished apartment. The penthouse is located on the sixth and top floor of a building that recently underwent Tama 38/1 strengthening.
According to Gabi Shushan, an agent at RE/MAX Blue White Netanya, the sale price reflects the extensive one-million-shekel investment made by the sellers to enhance the property. For buyers, this investment translates into an excellent rental yield, estimated around 8,000 shekels per month.
Practical Tip: Prospective buyers in Netanya should consider premium properties for strong seasonal rental potential, especially close to the beach.
Netanya continues to appeal to many foreign investors — especially from France, Russia, and the UK — thanks to its vibrant atmosphere and seaside proximity. New developments, such as Park HaYam, add fresh competition to the market.
Practical Tip: Sellers should focus on showcasing premium features to compete effectively with new constructions and benefit from the strong ongoing demand.
The post-holiday period marks a renewed momentum in real estate transactions, making now a strategic time to enter the market before prices rise again.
Practical Tip: Acting promptly could secure advantageous deals before the next surge in market activity.
