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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
Paul Alcock [Hidden email address] Get your house in order Cyprus
Karen Clark [Hidden email address] Cyprus should be ashamed broken dreams and promises whose next?
gary elliott [Hidden email address] alpha bank is a disgrace, in fact developers in collusion with banks
Claire Kirkby [Hidden email address]
Allan Clark [Hidden email address] Legalised Robbery those who borrowered the money should pay it back.
Peter J Haigh [Hidden email address] Another nail in the coffin for cyprus property
steve [Hidden email address] disgusting
paul ruse [Hidden email address] Masocist,s wanted to buy property in Cyprus .
Inga Katelari [Hidden email address] Unacceptable!!!
Mike Fennessy [Hidden email address] Disgraceful and deceitful
Rosemary Cook [Hidden email address] Alpha should be made to pay for irresponsible lending
BRIAN WEBSTER [Hidden email address] Another nail in the Cyprus property cofin if this goes ahead
Mark Phillips [Hidden email address]
steve redmond [Hidden email address] finacial bully boys
Marianna Antoniou [Hidden email address] Absolutely disgraceful, it shouldn't be allowed!
ann forbes [Hidden email address] please protect lawful property owners
Steve Jones [Hidden email address] Alpha Bank and the Cyprus Goverment should be ashamed.
Avi Silvermann [Hidden email address] Cyprus should hang it's head in shame
Peter G. Davis [Hidden email address] morally bankrupt government
Stephen Gannon [Hidden email address] its not right
Lynda Skouros [Hidden email address] bring the bankers into the real world
Stephanie [Hidden email address] Go after the developers house he's the one that owes the money!!
Maire Charnley [Hidden email address] Unbelievable. Absolutely disgraceful.
Bryan Stott [Hidden email address] This action befits a 3rd world country rather than a menmber of the Ee
Philip & Frances Bell [Hidden email address] Take the developers homes instead its their debt not the owners
Allan Davie [Hidden email address] Protect the innocent buyers, Banks and developers sort this mess out
moyra blackie [Hidden email address]
Joanna Christou [Hidden email address]
Keara Hartingon [Hidden email address] Wake up Cyprus before you sink under the weight of shame!
Jacqui Morgan [Hidden email address] This is so wrong. Homes have been paid for why must they suffer.
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