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MEP calls for Cyprus fact-finding mission

MEP Daniel Hannan has called on the EC to send a fact-finding mission to Cyprus to investigate the Title Deed problems in a further written question to the European Commission.

MEP Daniel Hannan

MEP Daniel Hannan

WITH reference to previous parliamentary written questions E-0110/09 by Syed Kamall, E-6793/08 by Mary Honeyball and E-6513/08 by Caroline Jackson, and with a view to the new legislation about to be put in place by the Cypriot Government to address the problem of withheld title deeds, several questions arise.

Does the Commission agree that the new legislation will not address the main problem cited in numerous buyer petitions or indeed in the above-mentioned parliamentary questions, since it will not help buyers whose properties are encumbered with developer mortgages?

Does the Commission agree that the sale of mortgaged property without full disclosure at point-of-sale is practised systematically by Cypriot developers and that it should be prevented in all EU countries, with stringent penalties for transgressions?

How can a prospective buyer find out whether there is a developer mortgage on a given property? Do any developers’ websites or brochures mention this possibility or indicate how to carry out searches to uncover the risk before purchase? Historically, buyers’ own lawyers have not alerted them to this risk in the majority of cases.

Finally, will the Commission send a fact-finding mission to Cyprus to investigate these problems in more detail?

Further reading: Cypriot title deeds legislation written question to European Commission E-4116/2010.

About Daniel Hannan

MEP Daniel Hannan is a writer and journalist, and has been Conservative Member of the European Parliament for South East England since 1999. He has appeared in numerous television programs and has his own on YouTube Channel which contains more than 130 videos. You can also find him in the news section of the Daily Telegraph.

Editor’s notes

It is not possible to search the Land Registry in Cyprus as it is in the UK as the laws in both countries are different:

In England and Wales – The Land Registry operates an open register which means that copies of all documents referred to on the registered title can be obtained by anyone, subject to payment of the necessary fee.

In Cyprus – Information or documents in the public register of Titles connected with the ownership of immovable properties and charges or encumbrances lodged against them are treated as confidential and are unavailable for public inspection.

Readers' comments

Comments on this article are no longer being accepted.

  • hector says:

    This is a Cyprus wide scandal, both north and south. As the north is also in the EU albeit acquis suspended, I would hope that any EU Commission would look at the injustice suffered on both sides of the island.

  • Stuart M says:

    Prospective purchasers have for years been assured by the legal fraternity in Cyprus that the legal system there is the same as in the UK. Well it isn’t, and the sooner this myth is dispelled the better.

    Only by using an INDEPENDENT lawyer such as listed by Cyprus’ British High Commission can a purchaser confidently access the Land Registry Office in Cyprus to obtain information on ownership, legal charges and mortgages on land and property.

    There is always MUCH RISK INVOLVED by not doing so.

  • Dee says:

    Thanks Mr Hannan, please keep up the pressure on our behalf.

  • James JH Lockhart says:

    Well Done this MEP,

    Hopefully all our MEPs plus other EU MEPs Take a united front and Send in A EU Fact finding team With powers,

    They find a lot more different Scams

  • The views expressed in readers' comments are not necessarily shared by the Cyprus Property News.

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