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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
David Knight [Hidden email address]
Ian MacKay [Hidden email address]
Colin Melnyk [Hidden email address] This certainly needs to be redressed
Paul Ramsey [Hidden email address]
hugh semple [Hidden email address] banks must pay up now
janet semple [Hidden email address] banks must sort out now and take responsiblity and pay up
Edward West [Hidden email address] A disgrace!
G STUBBINGS [Hidden email address] disgraceful
Geraint H A Jones [Hidden email address] A dark time for Cyprus!
Trevor Norris [Hidden email address]
Jackie Wood [Hidden email address] Disgusting
John Stormont [Hidden email address] Find another solution. Issue title deeds within 6 months of sale.
Alan Morton [Hidden email address] An absolute disgrace
Michael Long [Hidden email address] Do not do this
Daniel Brambley [Hidden email address] This is corruption at it's worst
Conor O\'Dwyer conor@lyingbuilder.com Cut the head off this snake - Protest A Place in the Sun - London 2012
Jillian Curley jilliancurley@yahoo.co.uk Disgusting
Granville Yeomans [Hidden email address] The EU should come down hard...now this is simpy a national disgrace
E. Corr [Hidden email address] Developer is to blame
Karen and Keith Knight [Hidden email address] Buyers - Good Luck - you WILL prevail !
Jenny McCabe [Hidden email address] Future buyers beware!!
Abigail Peck [Hidden email address]
David Mather [Hidden email address] Heads we win Tails you lose
James Cattanach [Hidden email address] Government credibility is at stake.
Malcolm Shortt [Hidden email address] Scandalous, let the banks suffer. Risk management is for real. These
Brian Haining [Hidden email address] This has poisoned one of the main Cyprus streams of income.
Nicola Loizidou [Hidden email address]
Clive Fletcher [Hidden email address] Loans to developers are the banks responsibility
Ellie Carman [Hidden email address] its so unfair. do the right thing.
Janny Lomas Visserman [Hidden email address] Take responsibility for your own actions and do not let others pay!
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