Netanya: 1,300 Housing Units Under Urban Renewal and Buyers from Abroad
Between the seafront, an aging city center, and a strong French- and English-speaking presence, Netanya remains one of the most sought-after cities for buyers of new homes. This past week brought three additional updates: a wave of urban renewal plans, a spectacular group transaction, and resale prices that provide concrete benchmarks. These insights can help guide a project, whether it is managed from abroad or by Israelis already living in Israel.
Five Plans, Around 1,300 Housing Units
According to Nadlan Center, on October 6, 2026, the subcommittee of the Netanya local planning commission decided, at the beginning of September, to conditionally submit five urban renewal plans. These cover the city center, Kiryat Nordau, and Neot Shaked.
| Area | Area Size | Existing Units | Planned Units | Building Profile |
|---|---|---|---|---|
| Dizengoff–Shtampfer, center | about 7.8 dunams | 102 | about 300 | buildings from 10 to 35 floors, including two towers of 20 to 35 |
| Shitrit Street, Kiryat Nordau | about 9.4 dunams | 84 | 320 | 4 buildings from 10 to 30 floors |
| Neot Shaked | about 19.4 dunams | 80 | 315 | 2 towers of 30 and 35 floors |
| Binyamin Boulevard, center | about 5.5 dunams | 75 | 240 | 1 tower of 31 floors, 2 buildings of 17 |
| Sharon Cinema block, center | about 4.4 dunams | about 62 | 130 | 1 tower of 35 floors |
Source: Nadlan Center.
The plans combine ground-floor retail, offices, public spaces, and parking. In the center, the historic Sharon Cinema building will be preserved for culture and commerce. In Neot Shaked, building height remains subject to the approval of civil aviation authorities.
Submission, Not Yet a Permit
The submission opens the public objection phase. Final approval and then building permits will follow. Objections may still change the heights and number of units, and the first apartments will not be delivered for several years. According to CBS data published by Globes at the end of September, Netanya has already increased its urban renewal construction starts nearly sevenfold in the first half of 2026.
Eleven Apartments in a Single Deal
Another sign, reported by Nadlan Center on October 4: two families from Los Angeles purchased 11 apartments at once in a tower in the Gali Yam neighborhood, for about 40 M₪. The package includes nine 4- and 5-room apartments, ranging from 104 to 122 sqm, on the 15th and 18th floors, and two penthouses of 150 sqm on the 26th floor. All have sea views. The project consists of three towers and about 300 units, located roughly one kilometer from the beach.
According to the developer, some of the apartments will be occupied by family members, some of whom already live in Netanya, while the rest are for investment purposes. The average price per unit is around 3.6 M₪, including the penthouses: this is an approximate figure, not a reference price.
Resale Prices: Useful Benchmarks
On October 3, Globes detailed the sale of a 3-room, 50 sqm apartment in Ramat Yadin, on the 4th floor without an elevator, parking, or balcony: 1.45M₪, for an asking price of 1.49M₪, after two months on the market. The building is undergoing a demolition-reconstruction project: the buyer should eventually receive a 12 sqm mamad, a 12 sqm balcony, and a parking space.
| Property Resold in Netanya | Area | Price | Price per sqm (calculated) |
|---|---|---|---|
| 3 rooms, Ramat Yadin | 50 sqm | 1.45M₪ | approx. 29,000 ₪ |
| 3 rooms, center | 84 sqm | 2.6M₪ | approx. 31,000 ₪ |
| 4 rooms, Ben Avi boulevard | 103 sqm | 3.05M₪ | approx. 29,600 ₪ |
| 4 rooms, Dora district | 109 sqm | 2.25M₪ | approx. 20,600 ₪ |
Source: Tax Authority, transactions published by Globes.
The agent in charge of the sale notes that price drops are mainly seen in recent buildings with elevators, while older buildings slated for renovation are more resilient. He also observes that investors are returning, but with offers below sellers' expectations, and that demand is stronger for resales than for new builds, despite financing offers. On this topic, read our analysis on developer promotions.
Buying in Netanya: The Method
From Abroad
Sea views and proximity to the beach come at a price. Check from which floor the view is truly unobstructed and what future towers are planned in front of the building: with five new projects in the center, the landscape will change. Ask the architect for a simulation of future views rather than a photo taken today.
For Israelis Already in Israel
Buying a resale apartment in a building undergoing Pinoui-Binoui can be a wealth-building strategy, provided you accept a long timeline. Check the annotation registered in the land registry using our Tabo guide and have the agreement signed with the developer reviewed.
In All Cases
Calculate the full cost: 18% VAT included in the price of new builds, closing costs of 10 to 13%, purchase tax (Mas Rechisha) to be confirmed based on your profile, to be estimated with the taxes and fees simulator. Work with three experts: lawyer · broker · architect. The lawyer checks the plan, permits, and guarantees; the broker arranges financing; the architect analyzes orientation, facing, and features.
See the Netanya page to locate current developments. IsraelStart lists 300+ new projects across Israel: request a personalized review, with no obligation.
Sources
- Nadlan Center — Netanya: five urban renewal plans approved for submission (10/06/2026)
- Nadlan Center — Two families from Los Angeles purchase 11 apartments in Netanya (10/04/2026)
- Globes — Netanya, a 3-room, 50 sqm apartment sold for 1.45 M₪ (10/03/2026)
- Globes — Urban renewal, construction starts H1 2026, CBS data (09/29/2026)
Sources
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