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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
Colin Ternent [Hidden email address] Protect the innocent?
Petros Ioannou [Hidden email address] Shame on Cyprus, shame on the Government, shame on the Laws of Cyprus,
R. Hardgrave [Hidden email address] How could any western juristication let these things happen?
Nicos Ioannou [Hidden email address] Are you a human being or a human doing?
Joe [Hidden email address]
James & Joy Little [Hidden email address] what a corrupt system preying on the innocent, a disgrace
A.Oakley [Hidden email address] You took the risk on the developer it is not the buyers fault..
Stefan Pawlik [Hidden email address] Spare Cyprus international disdain
Ioannis Alexandridis [Hidden email address] The Cypriot goverment must act now to protect the home owners.
Gail Burton [Hidden email address] The buyers shouldn't be made to suffer
Matt Wilson [Hidden email address] This could kill off an already struggling Cyprus property market
Graham Young [Hidden email address] "responsible lending" non existent
Colin Dodd [Hidden email address] Think of the consequences, you will lose far more than you will gain.
Rosemarie Delaney [Hidden email address]
Allan Delaney [Hidden email address] ROC, Republic of Crooks.
Eileen McKeever [Hidden email address]
Ali Pourtaheri [Hidden email address]
Susan Little [Hidden email address] And they thought they were safe because they were within EU, Shameful!
Robert Anderson [Hidden email address] A critical point for Cyprus, without trust in the law it is lost
Howard Little [Hidden email address] Governmental Mafia mentality
Klaus Knips [Hidden email address]
Theresa Tilley [Hidden email address] This is outrageous...the EU should be stepping in!!
Steven Mackay [Hidden email address] Disgraceful.. how can a developer dept end in buyers being homless?
James JH Lockhart [Hidden email address] Is the Interior Minister going to reply?
Sally Lewis [Hidden email address] These buyers must not lose their homes.
P Edwards [Hidden email address] This must be stopped
lee richardson [Hidden email address] the banks should recoup there loss from the developers
M. Neil [Hidden email address] I beleive it to be the most corrupt place on earth
Eleonora Shavrina [Hidden email address]
Alan Loader [Hidden email address]
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