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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
Max Dobson [Hidden email address] Stop banks colluding with developers
HKemp [Hidden email address] appauling situation
Janet Lucas [Hidden email address] something has to be done to stop this
Derek Jago [Hidden email address] Welcome to Cyprus. You're welcome to it!
Raymond Hunt [Hidden email address] Stop the sale
Helen Tripp [Hidden email address]
Brenda Sparks [Hidden email address] Totally disgusting that these practices have been allowed to continue.
John Johnson [Hidden email address]
Sandra Hill [Hidden email address]
Tony Lawson [Hidden email address]
Diana Brown [Hidden email address] What would Jesus do - turn over greedy money tables again? again.
Philip Brown [Hidden email address] I find this all so very sad. Devil at work.
Oli [Hidden email address] Let\'s hope Alph bank goes bust. They are nothing but crooks!
pete langridge [Hidden email address] we shouldnt have to do this!
gilbert guillaume [Hidden email address] moral?
Andrew Pantelli [Hidden email address]
Paul Gladwin [Hidden email address] Disgraceful
Gavin Jones [Hidden email address] The government, developers, banks & judiciary are ALL a disgrace.
Kevin Williams [Hidden email address] Who is at fault here? Not the home buyers.
David Gosling [Hidden email address] wake up Alpha bank the world is watching.
affellelasomi [Hidden email address]
Mark Shelley [Hidden email address] The banks cannot get away with this practice
pete thompson [Hidden email address]
Lesley Willcocks [Hidden email address] Any potential buyers will consider anywhere other than Cyprus.
Drew Drillingcourt [Hidden email address]
Catherine Mackey [Hidden email address] leave the victims alone
Chara Stephanou [Hidden email address]
charmaine russell [Hidden email address] To take homes from these people would be pure and simply THEFT!
norman harris [Hidden email address] make them pay!
B J Aldrich [Hidden email address]
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