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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 Dagley [Hidden email address] A disgrace!
Craig McCreadie [Hidden email address] Ridiculous behaviour only seen in civilised countries from criminals.
Anna Rampersad [Hidden email address] The Bank stupidly allowed this to happen
Pam Coupland [Hidden email address] It's time we had a voice that is listened to!
nick flinders [Hidden email address] political and financial elements working together, total corruption !
Roger [Hidden email address] When will this government learn how govern.
Chris Henson [Hidden email address] Disgraceful behaviour by both the banks and legal system
Geoffrey Smith [Hidden email address] Theft/fraud in disguise
Steve Scott-Perry [Hidden email address] Please act now to protect them and to reassure the property market
Mark [Hidden email address]
Sheelagh Rose [Hidden email address]
anthony nuttall [Hidden email address] wake up cyprus you are shooting yourself in the foot. absolute disgrac
Stu Watson [Hidden email address] 3rd world country values?
val p glynn [Hidden email address] Cyprus has to change the law and protect the buyer
Sue Watson [Hidden email address] Are we really surprised?
Janice Mather [Hidden email address] Totally Corrupt System
L stott [Hidden email address] Alpha Bank displaying it's true colours yet again.
Bev Driffield [Hidden email address] The bank and government need to look at the bigger picture
Tony Driffield [Hidden email address]
Anne Briggs [Hidden email address] these are innocent people treat them so
sean o toole [Hidden email address] eu should stopping this immediately
Rev stephen forbes stephen_forbes@btinternet.com The EU needs to make a ruling and enforce it
Gordon Adnams [Hidden email address]
Brian Frost [Hidden email address] A disgraceful state of affairs.
Pat Higgins [Hidden email address] How much longer can this practice be allowed to continue, act now
Lilian Clarke [Hidden email address] ECHR-where are you?
david flinders [Hidden email address] SUCH BLATANT INJUSTICE!
Tracy Paterson [Hidden email address] Stop these unfair practices now. The European Union is watching.
Gareth Shelton [Hidden email address]
Barry Walton [Hidden email address] Fraud allowed to win
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