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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
Phiip Habergham [Hidden email address] Alpha Bank should the Government in the UK help people
Ian Gibson [Hidden email address] Difficult to see how the property market can recover.
Fabienne Baider [Hidden email address] This is racketteering made legal. Is this really constitutional? I
A.M. Constantinides [Hidden email address] How can Cyprus hope to give confidence to overseas buyers !!!
John Stevenson [Hidden email address] keep your word
John Brunt [Hidden email address] Curruption at its best
idrish bhaloda [Hidden email address] be honest and just
claire whytock [Hidden email address] no one will ever trust cyprus again
denise walsh [Hidden email address] its not the buyers fought its the fraud developerzsrk
Anne Robinson [Hidden email address] This is corrupt practice by the Cypriot Bank this must not carry on
Steve Brown [Hidden email address] Totally unfair practice operated by the bank
Frank Walker [Hidden email address] Alpha bank are also blocking deeds release contradicting Cyprus Law
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