Netanya’s new-build pipeline has rarely looked more active. Among the projects generating the most serious buyer enquiries right now, two names stand out: Havazelet Netanya and the Pierre Koenig project – known in the market as the P.K. project. Both represent distinct approaches to residential development, targeting different buyer profiles and neighbourhood contexts. This guide gives prospective purchasers a detailed, honest overview of both: their locations, unit types, specifications, and the investment rationale behind each. For broader market context, see our complete guide to Netanya real estate.
Project Havazelet Netanya: What Buyers Need to Know
The Havazelet project takes its name from the Hebrew word for lily – and like its namesake, the development is defined by a careful, considered approach to its environment and its residents. Havazelet Netanya is positioned as a boutique-scale residential project, offering a more intimate building experience compared to the large-scale tower developments that have come to define parts of the city’s seafront.
Location and Character of Havazelet
Havazelet is situated in an established Netanya neighbourhood with direct access to the city’s amenity infrastructure: schools, public transport links, green spaces, and commercial services. Unlike some new projects that prioritise scale over liveability, Havazelet has been designed with a focus on the quality of the immediate living environment – building proportion, communal space, and the relationship between the development and its streetscape. This makes it particularly well-suited to buyers seeking a primary residence or a long-term investment property with strong family-tenant appeal.
For buyers who want to understand how Havazelet’s neighbourhood compares to other parts of Netanya, our article on why international investors are choosing Netanya provides useful context on how different districts perform for both owner-occupiers and landlords.
Apartments in Havazelet: The Unit Mix
Havazelet offers a focused unit range covering:
- 3-room apartments: Designed for couples, small families, and investors targeting the high-demand 2-bedroom rental market. These units are sized and specified to maximise rental velocity and deliver consistent long-term yield.
- 4-room apartments: The most requested unit type in Netanya for family buyers. Apartments in Havazelet at this size offer generous room proportions, practical layouts, and balcony space – qualities that consistently attract long-term tenants and owner-occupiers alike.
- 5-room apartments: Available in select configurations for buyers seeking additional space – whether for a growing family, a live-work arrangement, or a premium rental proposition targeting the upper end of the Netanya tenant market.
Because of the boutique scale of the building, the number of available units is limited. Buyers with a specific requirement are advised to register interest early by contacting the team via the Home In Israel contact page.
The Investment Case for an Apartment in Havazelet
For investors, Havazelet presents a compelling case built on several converging factors.
Netanya’s family rental market is deep and structurally persistent. The city absorbs consistent inflows of new immigrants, returning Israelis, and working families who rent for extended periods – often two to five years – before committing to a purchase. A well-specified 4-room apartment in a boutique building with good infrastructure access sits directly in the sweet spot of this demand. For the full picture on what drives this demand, see our Netanya Rental Market Demand: 2026 Investor’s Guide.
Boutique developments in established neighbourhoods have also historically outperformed larger tower projects at resale, because the scarcity of comparable units in the same building supports asking prices. When Havazelet is fully occupied and a unit returns to market in three to five years, there will be no competing inventory from the same developer – a dynamic that protects the investor’s exit.
The Pierre Koenig Project (P.K. Project) Netanya
The Pierre Koenig project – known in the market as the P.K. project – carries the name of one of the most respected figures in Israeli residential architecture. The development reflects that legacy: it is not a standard volume-developer build, but a project with a defined architectural vision and a focus on the quality of space, light, and material at every level.
Location and Vision of the P.K. Project
The Pierre Koenig project is located in Netanya in a position that balances accessibility to the city’s coastal infrastructure with proximity to the commercial and civic amenities of the urban centre. The architectural approach prioritises the relationship between interior space and Mediterranean light – a design philosophy with direct practical consequences: generous glazing, considered orientation, and a building envelope that performs both aesthetically and thermally.
For international buyers unfamiliar with how different parts of Netanya compare, our guide to buying property in Israel: a complete guide for international buyers provides essential context on what to look for when evaluating a location within the city.
Units and Specifications at Pierre Koenig Netanya
The P.K. project offers a curated range of apartments built to a specification that reflects the architectural ambition of the overall scheme:
- Thoughtfully designed floor plans with an emphasis on proportional rooms and logical circulation
- High-quality finishes specified to European standards
- Balcony and terrace space integrated architecturally into each unit, not treated as an afterthought
- Building communal areas designed with the same attention to material quality as the individual apartments
- Underground parking and secure lobby as standard
The P.K. project will appeal specifically to buyers who find that most new Israeli residential developments prioritise unit count over spatial quality, and who are prepared to pay a considered premium for a meaningfully better product.
Penthouses at Havazelet and Pierre Koenig
Both Havazelet and the Pierre Koenig project include upper-floor premium and penthouse units within their offering. Penthouses in Netanya – particularly in new-build projects with architectural pedigree – represent one of the most tightly supplied segments of the entire Israeli residential market. Demand from international buyers, French-speaking purchasers, and domestic high-net-worth individuals consistently outstrips availability.
If a penthouse in Netanya is your objective, the most effective approach is to register interest with the Home In Israel team before the project reaches open-market launch – when choice is widest and the premium over standard units is at its most negotiable.
Buying Into These Projects From Abroad
Both Havazelet and the P.K. project are fully accessible to international buyers. The process is identical in structure to any other new-build purchase in Israel: appoint a licensed Israeli lawyer, execute a notarised Power of Attorney, transfer funds through a specialist currency service, and ensure your deposit is held under the statutory bank guarantee framework provided by Israel’s Sale Law.
Our complete step-by-step guide to buying property in Israel from abroad covers every stage in detail, including timelines, cost modelling, and how to manage a remote purchase safely. To see the full range of current new projects in Netanya alongside available resale Netanya property listings, visit the Home In Israel platform.
Frequently Asked Questions
What is the Havazelet project in Netanya?
Havazelet is a boutique new residential development in Netanya offering 3-, 4-, and 5-room apartments in a carefully designed building focused on liveability and build quality. The project targets family buyers and long-term investors seeking a well-specified property in an established Netanya location with strong rental demand.
What is the P.K. project or Pierre Koenig Netanya?
The Pierre Koenig project – referred to as the P.K. project – is a new residential development in Netanya distinguished by its architectural emphasis on spatial quality, proportional design, and premium material specification. It stands apart from standard volume-developer builds by prioritising the quality of every square metre over the number of units delivered.
Are there penthouses available in Havazelet or the P.K. project?
Both projects include upper-floor premium and penthouse units. Given consistently high demand for penthouses in Netanya from international and domestic buyers, availability is limited. Contact the Home In Israel team early to establish current availability.
How do Havazelet and the P.K. project compare to Solimar Ir Yamim?
Solimar Ir Yamim is positioned at the premium seafront end of the Netanya market, with direct sea views and the full Ir Yamim neighbourhood infrastructure. Havazelet and the Pierre Koenig project offer a different value proposition: boutique scale, architectural distinctiveness, and established neighbourhood locations with strong family-rental fundamentals. The right choice depends on your budget, investment objectives, and whether seafront positioning or spatial quality is the primary driver.
Can I buy in these projects as a foreign national?
Yes. Both projects are fully open to international buyers. Israel places no nationality-based restrictions on foreign property ownership. Full guidance on the legal process, costs, and remote purchase logistics is in our article on buying property in Israel as an international buyer.
Who should I contact to get more information?
The Home In Israel team manages enquiries for both projects and can provide current pricing, available unit details, and legal referrals. Contact them via the contact page or browse the current new projects in Netanya listings directly.
