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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
bernard smart [Hidden email address] typical cyprus gov - say one thing do another
Bernie Bowhay [Hidden email address] The Lawyers are as much to blame as the Developers. Bloody discrace.
David Dolan [Hidden email address] Please behave honourably
Diane Akbar [Hidden email address] Be the first in Europe to show compassion
Rose Vakis [Hidden email address] How can this happen in a civilised society?
Kath Dawson [Hidden email address] Has the bank seized the developer's house and assets?
Alexander McLean [Hidden email address]
philip parker [Hidden email address] do the right thing
Terry Thompson [Hidden email address] Closing my account with this bank as they dont know what they are doi
shirley parker [Hidden email address] please don't cause any more misery
Charles [Hidden email address] Stop the Auctions, this is not the Property Purchasers fault.
Geoff Margetts [Hidden email address] Immoral and corrupt
p hann [Hidden email address] feel sorry foe thepeople involved, we must stop thishappening
roy lloyd-roberts [Hidden email address] the vultures wait to pick the bones
Wendie Dunning [Hidden email address] Absolute disgrace that buyers could lose homes they have paid for!
Christine Burge [Hidden email address] Banks and Developers are at fault not the buyers
Sarah Owens [Hidden email address]
David Connolly [Hidden email address] yet another nail in the coffin of Cyprus
Peter Matthews [Hidden email address] Disgraceful
Catherine Wood [Hidden email address] This is only happening due to the corruption allowed
Patrick Soetens [Hidden email address] Justice has its rights.
Sandra Snowden [Hidden email address] Totally unethical. Bad News for Cyprus
Ady Jenkinson [Hidden email address]
Karen Jenkinson [Hidden email address]
terry scott [Hidden email address] Surely it's against EU law
Russell Cull [Hidden email address] Why Cyprus.Does anywhere else in the world do it. Come on wake up!!
David Martin [Hidden email address] This is Barbaric!!!!!!!!
paulette barker [Hidden email address] replica of the TRNC
Stephen Duchan [Hidden email address] Keep the fait, don't let them get you down.
George Skouros [Hidden email address] We place our faith in the government to protect our us against fraud l
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