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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
P. Theodorou [Hidden email address] Come on Alpha Bank, take one for the team!
Lynn williams [Hidden email address] What Next
captain bob [Hidden email address] an IMMORAL act
Panayiota Kologassi [Hidden email address] The Banks and Developers have ruined Cyprus. There is no trust.
Andreas Constantinou [Hidden email address] Why should I pay the price for the failure of my developer?
Mark Doherty [Hidden email address] I clearly realised there is a lot of corruption - Charilaos Stavrakis
Peter Rossiter [Hidden email address] Cyprus are doing themselves continued harm on Int markets
Malc Newton [Hidden email address] ALPHA Bank are surely as guilty as the developer here
Frankie Ross-Smith [Hidden email address] We hate bullies.
Read Pauline [Hidden email address] Criminal
ScooftBoito [Hidden email address]
Paul Taylor [Hidden email address] Please do something to prove that Cyprus will protect investor rights!
Pippa Irvine pippa.irvine-brown@friedfrank.com The government must deal with the corrupt developers, banks and laws
Lynne Bates [Hidden email address] The Banks & Developers are responsible, not innocent purchasers.
Charles stevens [Hidden email address] 10 Scraptoft Mews, Leicester
michael vass [Hidden email address]
Tom Disley [Hidden email address] At least a highwayman wears a mask a disgrace
Bryan Louis [Hidden email address] The property market is dead until this problem is sorted out.
Andy Wood [Hidden email address] Absolutley digusting, GET THIS SORTD Cyprus, Corruption is Rife.
Maureen Watt [Hidden email address] it is so not right!
Helen Furey [Hidden email address] The system for not getting title deeds after paying fully is criminal
Barry Eastwood [Hidden email address] Disgusting situation
Angela Bamber [Hidden email address] Feeling very worried!
Marc Capaldi [Hidden email address] How many of us regret buying in Cyprus...
Keith Williams [Hidden email address] Where will it stop?
Peter Jones [Hidden email address] Disgrace
Bluey hobday [Hidden email address] fraudsters in many guises
John Smart [Hidden email address] About time the title deed matter was sorted out!!
Nick Andrews [Hidden email address] Reprehensible and morally repugnant parasites
david barnett [Hidden email address] none that you can print
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