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Cyprus: Property

Volume 707: debated on Wednesday 11 February 2009

Questions

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To ask Her Majesty's Government further to the Written Answers by Lord Malloch-Brown on 12 January (WA 93), how they will monitor the measures to be introduced by the government of Cyprus to address the practice of property developers using title deeds of completed houses as collateral for future loans, in order that the interests of United Kingdom citizens with property in Cyprus are protected. [HL951]

We await the measures by which the Cypriot Government will address the issue of property developers retaining the deeds of properties which have been purchased outright. Our high commission will maintain contact with the Cypriot authorities and action groups formed by British citizens, such as the Cypriot Property Action Group, and will make representations to the Cypriot authorities as appropriate in the interests of British citizens.

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To ask Her Majesty's Government further to the Written Answers by Lord Malloch-Brown on 12 January (WA 93), whether they will discuss with and provide assistance to the Government of Cyprus to ensure legislation is introduced to protect the interests of British citizens who have bought property in Cyprus and who are unable to obtain the title deeds to the properties they have purchased because property developers who hold the deeds have mortgaged the land on which their properties are built. [HL952]

The Government, through their officials in their high commission in Cyprus, will continue to raise the issue of retained title deeds with the Cypriot authorities. However, it is not for the Government to intervene in the Cypriot legislative process.

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To ask Her Majesty's Government further to the Written Answers by Lord Malloch-Brown on 12 January (WA 93), whether they will have further discussions with the Government of Cyprus to ensure British citizens who have bought property in Cyprus receive their title deeds immediately after purchase has been completed. [HL953]

We will continue to raise the issue of retained property deeds in our high commission's contacts with the Cypriot authorities.

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To ask Her Majesty's Government further to the Written Answer by Lord Malloch-Brown on 12 January (WA 93), whether, in their discussions with the Government of Cyprus, they will seek to ensure that United Kingdom citizens who have already completed their purchase of property in Cyprus receive their title deeds at the earliest opportunity. [HL962]

While the Government cannot get involved in individual cases they will continue to raise the issue of retained title deeds, through regular contact between their high commission in Nicosia and officials of the Cypriot Government.