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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
Colleen Ward [Hidden email address] Do not bite the hand that feeds you, Cyprus
laura warner [Hidden email address] The EU MUST step in
Colin man [Hidden email address] Don't rip off the innocent
Esther Rudge [Hidden email address]
sandra munton [Hidden email address] the interior minister needs to stand by his statements, and stop the b
Patricia Marks [Hidden email address] I titally agree with all that is said in this petition
Valerie Clark [Hidden email address] Come on EU stop this going on!!
Cecilia Allan [Hidden email address] developers and the banks are responsible not buyers who bought their h
paul lambert [Hidden email address] Thre bank is to blame because they never carried out checks
PAUL BENNETT [Hidden email address] disgraceful... shows how flawed the legal system is in Cyprus!
Jacqueline Helen Bennett [Hidden email address] disgraceful - shouldnt be allowed
Mark Chapman [Hidden email address] Waiting to buy but not until deeds mess sorted
Keith Brown [Hidden email address]
Alastair Duncan [Hidden email address] Shame on Cyprus!
christopher morrell [Hidden email address] this is a serious problem that the government of cyprus has a duty to
Nigel Jones [Hidden email address] an auction like this must not be allowed - it is wrong
Kerry Senington [Hidden email address]
Johan Ekstrand [Hidden email address] Answer loud and clear!
R Fisher [Hidden email address] Time to make a stand
Mike Lees [Hidden email address]
Stuart clarkson [Hidden email address] Alpha bank a disgrace
Joseph Smith [Hidden email address] This should not be possible
Sean Thrippleton [Hidden email address] Should not happen
B Samavat [Hidden email address]
Paul Vardy [Hidden email address]
Paul O\'Sullivan [Hidden email address] Banks and developers working against buyers
Stanna Wieclawska [Hidden email address]
Robin Wilmot [Hidden email address] This cannot be allowed to happen
Peter James [Hidden email address] Total breakdown and trust and honesty
Pat Wright [Hidden email address]
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