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Buying property in another European country can go horribly wrong for many people caught out by differences in legal systems and different concepts of property rights.   

Today the Liberal and Democrat Group in the European Parliament (ALDE) held a seminar on "Property Rights and Wrongs in the EU" to find a way forward in overcoming legal uncertainties when buying land abroad.

wallis90.jpgSpeaking after the event, ALDE MEP Diana Wallis (Liberal Democrats, UK), a Vice President of the European Parliament, said:

"Property laws across the EU are very different and complex and fall mainly outside EU competencies. However, we must urgently arrive at a system that will guarantee legal certainty to people buying land abroad.

"In practice, this means we must ensure that there is full access to information on the state of a property, the conditions attached to it and any other legal obligations or obstacles. This must go hand in hand with a transparent administration of the property deal and a quick and clear judicial process in case something goes wrong.

"The seminar has shown clearly that the EU has a role to play in helping to facilitate property deals across borders and at the very least provide a framework of legal certainty."

TREMOSA-I-BALCELLS_90.jpgALDE MEP Ramon Tremosa (Convergència Democràtica de Catalunya, Spain), who comes from a region in Spain that has hit the headlines many times because of land expropriation problems caused by the controversial Ley de Costas, added:

"Without property rights there is no freedom, and without freedom there's no economic development. The European Union needs to make a step forward and defend property rights all over the continent."

ENDS


For more information, please contact:
Corlett Neil – Tel:+32 2 284 20 77 Mob:+32 478 78 22 84
Schneider Angelika – Tel:+32 2 2 284 10 19 Mob:+44 7950 184 194
Web: http://www.alde.eu

 

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