Possibly elsewhere in Europe Chris but not in the UK. As of 2004 (IIRC) a whole new set of laws regarding electrical work came into force in England & Wales (Scotland stayed with sane laws).
It is illegal for anyone other than a FULLY QUALIFIED electrician to install any new circuits* in an area where water ingress is possible. Part P covers bathrooms/kitchens/toilets I think and is a complete no-go area for any DIY'er now, even for replacing existing fittings.
Basically if you have put in a new circuit in areas covered by Part P or an outside circuit and you didn't get a certificate from a sparky then you are potentially going to have to get it all taken out and replaced before you can sell your house. Now there's ways around this but are you really sure you managed to erase all the date codes on the kit you installed? If not and something goes wrong in future then you are liable and could in fact face criminal charges.
Even with the 12V stuff, you have to put the transformer/rectifier unit somewhere - we have some lying on top of cupboards which seems very common and IMHO totally unsafe but it appears to be acceptable practice.
*This can (I believe) be something as simple as changing a lightswitch.