A five-room penthouse in Netanya was sold for 8.25 million shekels to an American resident via Zoom. Initially listed at 10 million shekels, the price was reduced due to ongoing geopolitical tensions prompting sellers to be more flexible. Located in the Ir Yamim neighborhood, the penthouse offers sea views and includes a 70 square meter terrace. The transaction was affected by the weakening dollar against the shekel, making real estate purchases more expensive for foreigners. This sale raises local concerns about the accessibility of the real estate market for Israeli residents, particularly young people and former soldiers, in the face of affluent foreign buyers.
