Ir Yamim is the latest Netanya suburb to spring from the sands, and it is already attracting young Israeli couples and families and generating excellent rental revenues for property owners. Its name means ‘City of the Seas’ and it is located to the south of the city, next to wide expanses of white sandy beaches that have been largely ignored until now.
As Netanya has expanded southwards, the city has invested heavily in new infrastructure and community facilities. Along with high-specification apartment buildings the city has built schools and synagogues, a new shopping centre, and a sea front promenade.
Ir Yamim has been planned to include 4,000 residential units with excellent facilities and beautiful surroundings. It is bordered by the Mediterranean Sea, the Poleg Nature Reserve to the south, and the Irusim Nature Reserve inland. It is also conveniently located near the Poleg junction, with excellent transportation links to Tel Aviv and other cities.
Ir Yamim properties are proving popular with native Israelis who appreciate their excellent location, with Olim from Europe who enjoy Netanya’s continental flavor, and with retirees who can enjoy the sea views and promenades. There are also plans to build hotels in Ir Yamim to take advantage of its beach access. Unlike the northern and central Netanya beaches, there are no cliffs to navigate when approaching the beach from the town. The municipality is constructing cycle paths and promenade routes along the beach, making it a truly accessible coastal resort.
Apartments in Ir Yamim are sure to attract high rents, whether as holiday lets or year-round accommodation for those who enjoy the sea.
If you are interested in investing in residential properties in Ir Yamim, with expert management services and excellent rates of return, speak to Shaun at Creative Estates Israel.