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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 Reid [Hidden email address] No wonder they are in the state they are in,. Pathetic
Maria Berriman [Hidden email address] Not just Alpha Bank all Banks
Nigel Heasman [Hidden email address] Never give in, never give up
John Siddle [Hidden email address] I agree completly.
William Tulloch [Hidden email address]
John Rawlinson [Hidden email address]
Les Smith [Hidden email address] R.hymes with jankers
Les Smith [Hidden email address] Rhymes with jankers
Brian Freeman [Hidden email address] Stop all the stealth mortgage property auctions
Gerard Lee [Hidden email address]
Costas Apacket [Hidden email address] Time for Cyprus to act like a European Country
Anna Bridges [Hidden email address]
Paul Vincent [Hidden email address] So wrong, so corrupt.
Anthony Babbington [Hidden email address] It needs a change of law to stop this,so do it
Ronald Pickersgill [Hidden email address] What a corrupy country
Les Smith [Hidden email address] It is time that this issue was solved by Law and Legislation.
Brian Anderson [Hidden email address] Absolute outrage time the EU sorted these people out
Amanda Anderson [Hidden email address] About time this was stopped, absolute disgrace.
Rupert Dexter [Hidden email address]
Philip Payne [Hidden email address] Disgracefull behaviour.
stephen ringrose [Hidden email address] cypriot banks need investigating
Ian Williams [Hidden email address] The bank are corrupt
Paul Kelly [Hidden email address] Is the swiss franc mortgage legal?
Margaret Johnson [Hidden email address] Disgrace!
Julian Wilde [Hidden email address] corrupt
Angela Turner [Hidden email address] Whole property buying process needs sorting out.
tommy king [Hidden email address] power to the people
Jackie Stead [Hidden email address] Why should we pay for the banks' negligence
tony tonyle@hotmail.ca
William Beddoe [Hidden email address] All the property laws in Cyprus are made up to con money out of buyers
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