In Israeli settlements, money is on annexation real estate boom | Malay Mail

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ARIEL, July 6 — In the Jewish settlement of Ariel, Perri Ben Senior can't wait for Israel to annex this part of the occupied West Bank, hoping it will be a boon for her real estate firm. With its 20,500 residents, a university and shopping centres, Ariel has been tipped as one of the settlements...

Israelis Perry and Shouki, owners of a real estate agency, in the West Bank settlement of Ariel July 1, 2020. — AFP pic

A controversial peace plan unveiled by Trump in January promised US backing for Israel to annex swathes of the West Bank, including Jewish settlements considered illegal under international law. “They fear the prices are going to get higher because of the decision of the government” to annex the territory, he said.If Israel does annex any parts of the West Bank, those areas will become subject to Israeli civilian law, rather than the military law currently in place.

Currently, “people are afraid to buy in the territories because they say to themselves: 'What if tomorrow we give the territories back? Who will reimburse me? What about the house I bought?” said Ben Senior.

 

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