Kiryat Yam Sees Record Apartment Sale Near Beach
Translated & summarized from Maariv by baba
A five-room garden apartment in Kiryat Yam sold for 5 million shekels, setting a new record for the city and exceeding the average price per square meter by about 75%. The buyers are a local couple upgrading their residence. The sale occurs as apartment prices in Kiryat Yam have risen over 50% in five years, with extensive development planned for both housing and the city's coastline.
The story in 5 lines · by baba
- A five-room garden apartment in Kiryat Yam sold for a record 5 million shekels.
- The sale price was approximately 75% higher than the city's average price per square meter.
- This is the most expensive deal in Kiryat Yam in the last three years.
- Apartment prices in Kiryat Yam have increased by over 50% in the past five years.
- The city is planning significant development, including new housing and coastal tourism facilities.
A new record for apartment sales has been set in the northern city of Kiryat Yam, with a garden apartment in a new project selling for approximately 75% above the average price per square meter for new apartments in the city. This transaction marks the most expensive deal recorded in Kiryat Yam in the last three years. The buyers, a couple in their 50s who already reside in a new residential project in the city, purchased the five-room garden apartment for 5 million shekels. They sought to upgrade their living conditions and move to a home located near the sea.
The apartment is part of the "Shirat Hayam" project by Nativ Group, which includes 172 housing units across 18 three-story buildings. The project offers apartments ranging from two to five rooms, including garden apartments and penthouses. The first phase, launched about a year ago, is nearing completion.
This record sale occurs amidst significant development in Kiryat Yam, with new construction projects and urban renewal initiatives underway. Apartment prices in the city have reportedly risen by over 50% in the past five years, and thousands of new housing units are expected in the coming years. Kiryat Yam is also planning to develop its coastline, including the construction of six hotels along the promenade and a resort village with approximately 220 rooms, glamping facilities, and a caravan site, all while aiming to preserve an open sea view.
