Rising Anti-Semitism Has Increased Luxury Home Sales In Israel, Report Claims

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The empty main avenue along the shore of the Mediterranean Sea in the Israeli city of Tel Aviv is seen on March 26, 2020. The daily Israeli life has largely shut down with more cases of people being infected by the Coronavirus. Photo by Gili Yaari /Flash90

JERUSALEM (JTA) – Apartments on a glitzy stretch of Tel Aviv beach are going for up to nearly $50 million — and, at least until recently, they were getting snatched up.

According to a story this week in The New York Times, the “Golden Kilometer” has attracted international billionaires who are looking for a refuge from the non-Jewish world.

“Anti-Semitism is on the rise, and people are scared, so they’re buying,” Shoshi Kahtan Gentely, the director of Israel Property Network, said in the story. “More and more Jews are buying properties in Israel. And the properties along the beach are the crème de la crème of Tel Aviv living, so while the pool of buyers for those is tiny, they do sell.”

Multiple high-end apartments are available now, and developers are cooking up other luxury projects for the area, according to the story.

But it’s possible that the coronavirus pandemic-induced financial crisis will inhibit sales, as it is expected to in real estate markets around the world.

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4 COMMENTS

  1. PaulinPhilly-Are you daft or what? This article specifically states, that because of anti-semitism, Jews are buying beachfront properties in Tel Aviv. What is it about that article, that you can’t comprehend?

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