This year a worldwide financial and economic crisis leading to a decrease in commerce and an increase in unemployment worldwide hit Europe.
This led to (and this list is by no means exhaustive): financial crisis, rising unemployment rates, less access to health care, drops in standards of education … understandably leaving many people in dire straits. In Europe alone there are now currently twenty three million people without a job.
The cost of fuel for the home has been discussed in the Maltese media for the past few years and the two suppliers Enemalta (electricity) and Liquigas (LPG gas) have come under fire from consumers.
Renting property in Malta is popular – particularly amongst foreigners who live on our small island, and for people who don’t want to be encumbered with a mortgage for many years. Renting your accommodation also gives you a degree of freedom of movement with leases typically being for 1 year – renewable annually.
Recession, recession, recession! Aren’t you just sick and tired of hearing about it? That is all we have heard for the past year and a half isn’t it? People losing their jobs, prices shooting up, banks and other organisations going bankrupt and so on. All this has meant that many people have had to cut down on their spending for obvious reasons.