Special committee on the Housing Crisis in the European Union Ordinary meeting

24 junho 2026

HOUS European Parliament

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00:36 - 03:36
Orador 1
Good morning.  Good morning everyone, let's get started.  So, dear members of the European Parliament, guest speakers and colleagues, welcome today for this new housing committee meeting.  As usual, we start with the adoption of the agenda.  If there are no objections, the agenda is deemed adopted. 

Before we start our meeting, just preliminary remarks, just to let you know that today's meeting is webstreamed on Parliament's website and we have interpretation in 15 languages.  We also have to adopt the minutes of our committee meeting of April 14th and if there are no objections, the minutes are adopted.  And now we move to the next point.  Today we are holding an exchange of views on criminal activities in the field of housing with representatives of EU agencies and member states.  The main objective of this meeting is to facilitate an exchange of information and practical experience to better understand how EU agencies and national authorities address criminal phenomena affecting the housing and real estate sector. 

We will also discuss the social reuse of confiscated assets, how property and resources seized from criminals can be put to use for the benefit of society.  This discussion forms part of the broader work of the house committee, which is examining the multiple factors contributing to the current housing crisis across Europe.  We are increasingly interested in understanding whether and to what extent criminal activities in the real estate market, such as money laundering, fraudulent practices, speculative schemes, or the misuse of legal entities may distort housing markets, undermine transparency and public trust, and ultimately affect housing affordability and access to adequate housing for citizens.  To structure our discussion, we have organized the meeting in three panels.  The first one is dedicated to the role of EU agencies in combating real estate crime. 

The second one will examine how member states respond to illegal activities carried out in the real estate sector.  And the third and final panel will focus on the social reuse of confiscated assets.  Before we proceed to our experts' interventions, I would like to welcome the active participation of the ECON committee, represented today by our colleague Luděk Niedermayer, vice-chair of the Committee on Economic and Monetary Affairs, who has kindly agreed to share some introductory remarks.  So it's my pleasure to welcome you Luděk and I give you the floor. 
03:36 - 03:45
Orador 3
Thank you very much Irene for inviting ECON committee representative and more importantly, thank you very much for organizing this event. 
03:45 - 07:13
Orador 2
By investing the proceeds of criminal activity in property, organized crime is able to integrate illicit wealth into the legal economy while securing safe and very often quite a profitable asset.  It is not only financial crime, it is direct threat to integrity of our economy and our society and democracy.  And I should mention also that for ordinary people this is one of the most visible and most dangerous crime that they can that they can see.  The consequences are profound.  That money distortion the real estate market. 

It artificially drives up prices, reduces supplies of the housing available to citizens and diverts investments away from the real housing needs.  Properties remain empty and if rented they are rented very often for pretty high prices.  Luxury development flourish while affordable housing becomes scarce and capital flows don't go where it's needed but where the criminal proceeds can be concealed most effectively.  Beyond this market distortion, part of this involves also organized crime, it fuels corruption and very often the corruption the proceeds are invested into real estate market if no real estate is part of the corruption process.  So it undermines the democratic governments. 

The scale of the problem is probably immense.  As referred to EPRS report issued published in 2019 as well as supranational risk assessment on money laundering issued by European Commission.  They both confirm the magnitude of the problem.  We are talking about billions of euro, billions of euro that are laundered.  Those report recall that real estate sector is both highly attractive and particularly vulnerable for criminal abuse. 

It is attractive because it allows criminals to launder vast amount of the money quickly through various technique.  It enable them to enjoy relatively safe assets that sometimes is generating substantial revenues from the renting.  And we also should not forget that very often real estate proceeds are treated very favorable from the tax point of view as the as the benefit.  They also benefit from the safe investments to assets that is historically very often increasing increasing the value.  It is vulnerable sectors because there are many ways how to hide the criminal origin of the funds when real estates are purchased. 

Cash transaction remain a classic method but increasingly sophisticated schemes relying on shell companies, different companies, the strawmen to hide the true beneficial owners are used in practice very much.  At the same time, the controls carried out by the banks, notaries and real estate professionals may be a limited, may be fragmented and insufficient or limited awareness also play the role.  And the result is as we are see we see and also the citizens can see that.  This is precisely why European Parliament work hard on the anti-money laundering package in 2024.  We have strengthened the control to be applied by intermediaries both in the financial and non-financial sector and we reduce the risk posed by cash. 

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