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Stop The Alpha Bank's Application To Auction
Petition Created On: 05 Dec, 2011
Petition Created By: PICAS GROUP
We the undersigned demand that the Ministry of the Interior and the Land Registry in Cyprus act decisively and intervene by rejecting any and all the applications made by the Alpha Bank to auction eight plots of land that were mortgaged to property developer Yiannis Liasides against which contracts of sale to purchase immovable property have been lodged.

Many people who bought from this developer in particular and in Cyprus in general did so with the utmost good faith. They were reassured by the Ministry of the Interior that once a contract of sale is lodged with the Land Registry for Specific Performance then the buyer is protected.

In his statement of the 22nd July 2009, Interior Minister Neoclis Sylikiotis wrote "Nobody and no Authority anywhere can ever challenge the property rights or the ownership status of buyers of immovable property within the territory which is under the control of the ROC." And that "the property market in Cyprus is stable and secure, and property buyers must be absolutely certain that their investments are safe here; indeed, property investment is much safer in Cyprus than anywhere else".

We ask that a clear and unequivocal message is sent to the banks in Cyprus that buyers must not pay the price for the failure of developers, negligence of Advocates, lax oversight by the banks and the inability of successive governments to legislate against this.

Failure to send such a message will result in a complete breakdown of trust and confidence in both the Cyprus property market and also in the assurances made by the Minister of the Interior on behalf of the Cyprus Government.

Please Sign This Petition!


Total Signatures: 1182 Bookmark and Share   
Name Email Comments
ian hunt [Hidden email address] massive fraud and even bigger cover up
Brian J Hall royal@blueyonder.co.uk The highest level of corruption permeates every institution of Cypriot
John Piper-Brown [Hidden email address]
Emma wicks [Hidden email address] Disgraceful, again; innocent people suffer at the hands of the greedy!
Paul lord [Hidden email address] Let get it sort head lets bet the bank
Paul Viney [Hidden email address]
Martine Coley [Hidden email address] We have PAID in full for our property, Bank need to address Developer!
jackie antoniades [Hidden email address] when you loose the trust of the public you will loose customers
Hansa Gathani [Hidden email address] Government needs to sort out the mess
Subhash Gathani [Hidden email address] It is urgent for government to resolve the situation
william kent [Hidden email address] the EEC is useless
irene and anthony jennings [Hidden email address] bitterly regret the day we bought property here.
B.Millward [Hidden email address]
James Sinclair [Hidden email address] It is unlawful and a plague on the name of good builders & developers
joan Sadler [Hidden email address] Alpha Bank Action stinks worse than rotting fish
billtate [Hidden email address] I was a building society manager and my business was prudent property
Louise Steel [Hidden email address] Cyprus Remember The World is Watching
Roy Pilkington [Hidden email address] The bank should hit the one who hasn't paid up, not the ones who have
Graham Slyper [Hidden email address]
Val Steinberg [Hidden email address] Buyers must not pay the price for the failure of developers.
Dawn Palmer [Hidden email address] Shame on the bank
Leah Jefferies [Hidden email address] PLease support this!
S Moore [Hidden email address] Absolute joke
Peadar Mc Grane [Hidden email address]
Sarah Hordle [Hidden email address]
danny grant [Hidden email address] i will be withdrawing my money and closing my accounts if this is done
Peter Hargreaves [Hidden email address]
Brian Webster [Hidden email address]
Patricia Dobson [Hidden email address]
Ian Dobson [Hidden email address] You need to clean your act up with regards to Title Deeds and possible
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