Overseas Properties.

Dáil Éireann Debate, Thursday - 3 February 2005

Thursday, 3 February 2005

Questions (124)

Ruairí Quinn

Question:

122 Mr. Quinn asked the Minister for Enterprise, Trade and Employment if his attention has been drawn to the fact that the purchase by Irish or EU citizens of property in occupied Cyprus, currently under the control of the Turkish military authorities, is fraught with legal difficulties and that Irish persons seeking to purchase property abroad for holiday or investment purposes may unwittingly enter into contracts for the purchase of existing or newly constructed property; if he will bring this situation to the attention of the public and property agents, auctioneers and other related organisations who may wittingly or unwittingly induce Irish persons to participate in the making of a crime; and if he will make a statement on the matter. [3270/05]

Written answers

Minister for Enterprise, Trade and Employment (Mr. Martin)

Clearly, the issues raised by the Deputy are concerned with the private contractual relationships between the parties to a contract and as such not a matter for which I am responsible. However, from a common-sense point of view it is always prudent to obtain independent advice from lawyers and other relevant experts when purchasing land and property, especially when it is overseas. It makes sense that persons buying property anywhere carry out a fundamental due diligence and inspection of the property. As I have no function in this matter, I do not think it is appropriate that I advise people on issues which are the subject of law in foreign jurisdiction, international law, and possibly also Irish law and tax legislation.