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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
Mike Lewis [Hidden email address] The Government has stated lodged slaes contracts are irrefutable
michael wilcox [Hidden email address] the innocent are being made to pay for criminal
Stuart Shelton [Hidden email address]
J. Bourne [Hidden email address]
Ray Atkinson [Hidden email address]
Susan Nelson [Hidden email address] An utter disgrace this needs addressing urgently
Sally Atkinson [Hidden email address]
John Barnes [Hidden email address] Cyprus needs to get its act together
Anthony Loach [Hidden email address] Disgusting. Cyprus govt must stop these auctions now for the good of t
Terry Page [Hidden email address] well done in getting the petition up
Philip Lee [Hidden email address] This will further worsen the reputation of Cyprus for property buyers
Emily Burke [Hidden email address] frightening that this can happen!
Lex Curtis [Hidden email address]
Tracey Wood [Hidden email address] Cyprus you are in the EU now, start acting like it.
gordana savin [Hidden email address] no comment!!!
Kate Vardy [Hidden email address]
Andy Popple [Hidden email address] Alpha Bank are not reputable and a group of scheming, colluding schies
Carrie [Hidden email address]
Chris Cowie [Hidden email address]
James Little james@llpianos.com Alpha Bank should also get their own house in order and stop screwing
John SEDDON [Hidden email address] Shameful in a modern democracy and disastrous for Cyprus propertysales
Neil Hart [Hidden email address] They should have taken more care with who they lent money to
Mike Walker [Hidden email address] Do we have to worry about other builders??
TOM BARR [Hidden email address] The Cyprus property system is an absolute disgrace
Harrison Kemp [Hidden email address] Don\'t recreate 1974...don\'t make innocent people homeless!!!
Jenny Firth [Hidden email address] Totally unacceptable !!!!!!! These are innocent people !!!!!
Alan Thomas [Hidden email address] Reject this application....& fine Alpha Bank!
Jackie [Hidden email address]
Panayiotis Panayides [Hidden email address] Irrisponsible banks deserve all they get, they should take the loss.
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