Wednesday, 31 October 2007

Property Boom

During our trip to the Middle East, we were hosted by some really good hosts who insisted on taking us around the area. We were very well taken care of indeed and had the opportunity to view some of their housing projects and malls. In Bahrain, we saw lots of condos for sale and were told that condos there were hitting sky high prices. Some were even fetching up to a few million for a tiny 1000 sq ft space and rentals there ranged from at least US$2000 and above. It’s amazing how fast property prices and shoot up when there’s scarce land.

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