London, Jan 12 : Private islands, once seen as the privilege of the rich and famous, can now be attained by lesser privileged folks at just 53,171 pounds.
With the coming of the recession, the price on real estate has also come down, which is the case with Bumbo Island.
Described as "beautiful" in the prospectus, 2.7-acre Bumbo nestles in Inhabitants Bay, Cape Breton - about 1.7 miles from mainland Nova Scotia, Canada.
US company Private Islands Online, which recently slashed the price of a string of islands, describes it as "a great place for camping and fishing".