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Parliamentary questions
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16 May 2017
Question for written answer E-003364-17
to the Commission
Rule 130
Syed Kamall (ECR)

 Subject:  French leaseback
 Answer in writing 

I have been contacted by two constituents who have concerns over a purchase of a French leaseback property.

The couple bought a one‐bedroomed apartment in Strasbourg in 2008. The apartment was purchased for EUR 140 000. However, it is now worth EUR 80 000-85 000. My constituents believe they were mis-sold the property for the following reasons:
1. They were promised they would see rent increases every three years and have not.
2. They were told they would be able to sell the lease easily following its expiry after nine years. They have since discovered that this may not be possible and that they might face penalties even if they were able to sell.
3. The owners were supposed to have been able to sell the property on the open market at market rates without issue, but this is not the case.

Does the Commission have any information or figures on such cases in the Member States and could it provide any guidance on how the UK (and other Member States) citizens should proceed when purchasing private property across Member States’ borders in order to avoid discriminatory practices?

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