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MEP calls on EU to protect those buying homes abroad

MEP Diana Wallis has increased her efforts to resolve the problems faced by thousands of expatriates who have purchased overseas property in EU member states with the publication of a booklet “European Property Rights and Wrongs”.

DIANA Wallace, a Member of the European Parliament (MEP) for Yorkshire and the Humber, is an active campaigner on behalf of thousands of Britons who have bought overseas property and who have run into problems.

Earlier today she published a booklet “European Property Rights and Wrongs“. Although she points out that many EU citizens do successfully purchase property in other member states and enjoy their property without any problems, she makes a particular mention of the problems faced by those buying property in Cyprus and Spain.

Speaking to the Daily Telegraph Ms Wallace said: “Property rights issues in countries such as Spain and Cyprus are by far the most pressing in the Petitions Committee, and while tens of thousands face demolition, eviction or bankruptcy, the EU has been unable, or refused, to act.

“The EU offers consumer protection for someone purchasing books, a piece of furniture or a hairdryer, and yet it has been reluctant to act to protect consumers when they make the most important purchase of their life.

“I decided to launch this publication as a response to the stalemate we have found ourselves in, when defending those affected here in the European Parliament.”

Ms Wallace plans to present her booklet to the General Assembly of the European Land Registry Association that is meeting in the Estonian city of Tallinn tomorrow. Her booklet will also be presented to Commissioner Viviane Reding, members of the Petitions Committee and the various citizens’ action groups.

Referring to Cyprus in her booklet, Ms Wallace writes “The particular circumstances of the Cypriot title deeds issue have allowed unscrupulous developers to re-mortgage a property once it has been sold, to increase an existing mortgage or build without relevant permits in place, all without the knowledge of the purchaser”.

Get your copy of Ms Wallace’s publication “European Property Rights and Wrongs

Readers' comments

Comments on this article are no longer being accepted.

  • Costas Apacket says:

    You can’t have a bent banana, but you can have a banana republic that denies basic property rights to tens of thousands of EU citizens.

    The EU, don’t you just love them?

  • Robert Briggs says:

    Therefore what does the EU propose to do about these gross malpractices? I am awaiting answers ASAP! R.B.

  • out of the frying pan into the fire says:

    Well it’s a step in the right direction. BUT it does not go far enough.

    What about fraudulent Lawyers, Banks, Estate agents, compensation for victims to be paid for by the state if those responsible have no assets.

    After all the state allowed it to carry on in the full knowledge of what was happening.

    Time to lobby our Euro MPs again.

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


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