French Jewish Buyer Purchases Seaside Apartment in Netanya for $930,000
Translated & summarized from TheMarker by baba
A French Jewish man bought a 130-square-meter, 4.5-room apartment on Netanya's beachfront for 3.4 million shekels for his son. The purchase is reportedly a response to rising antisemitism in France. The agent noted fewer French buyers and lower prices for similar units compared to previous highs.
The story in 5 lines · by baba
- A French Jewish buyer purchased a 130 sqm, 4.5-room Netanya apartment for 3.4 million shekels.
- The apartment is located on the beachfront with sea views.
- The purchase was reportedly motivated by a wave of antisemitism in France.
- Real estate agents report fewer French buyers and lower prices for similar units.
- Comparable apartments previously sold for up to 3.9 million shekels.
A Jewish resident of France recently purchased a 4.5-room apartment spanning 130 square meters on the beachfront in Netanya for 3.4 million shekels (approximately $930,000). The apartment, located on the seventh floor of an 11-story building constructed in the 1990s on Nitza Boulevard, faces west with sea views from all windows. It includes a safe room and parking but lacks a balcony. The building's ground floor features shops.
The purchase was made for the buyer's son, reportedly in response to a wave of antisemitism in France. According to the real estate agent involved, there are currently fewer buyers from France in Netanya, and prices for comparable apartments have decreased, having previously reached 3.9 million shekels.
