For months now the GDN letters pages have been bereft of comments about stalled private real estate projects; yet this stalemate can't be swept under the carpet as if it no longer exists; it remains a continuous blight on private investor confidence.
So far this month, the Press has reported 'Real estate sector set for major turnaround (CBRE Bahrain, July 2), 'Property sector blow (Nass Group MD, July 15) and 'Real estate sector growth in spotlight (BaPDA, July 16).
As each statement is at odds with the rest, surely it's feasible to sit the representatives from these three groups round the same table and agree to one unified Press statement.
Being one of many thousands of off-plan apartment buyers being held to ransom over the last five years, I concur with the Nass Corporation's overall assessment, apart from just one aspect quoted - 'that there is no hope of rescuing the present situation'.
There is a remedial financial solution available now, but only on international level - it's that permanent malaise emanating from local sources which inhibits success.