Global anti-semitism may aid the housing market in Israel. Africa Israel Residence Ltd. owned by diamond tycoon Lev Leviev says that rises in anti-semitism may cause a rise in next year’s housing market:

“Africa Israel Residence Ltd., the Israeli housing developer controlled by diamond tycoon Lev Leviev, sees anti-Semitism abroad as one of the factors that may drive sales this year.

“Signs of growing anti-Semitism in the world may act as a catalyst to apartment purchases in Israel by foreign residents, despite the economic crisis,” Africa Israel said in its quarterly report, posted on the Tel Aviv Stock Exchange’s Web site Sunday.” (Source: Jerusalem Post)

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