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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
Rob McCullough [Hidden email address]
sue hindle [Hidden email address]
Caroline Bould [Hidden email address] Cyprus will one day pay for ripping off foreign investors. Stop Now!i
Linda Leblanc [Hidden email address]
Martin Brown [Hidden email address] How can it be LEGAL, when a property has been sold?
caroline saville [Hidden email address]
Ilse Richmond [Hidden email address] Alpha Bank must not be allowed to treat the buyers like this!
Rebecca Squire [Hidden email address]
mary mcguire [Hidden email address]
Neville Ward [Hidden email address]
Annette Graham [Hidden email address] unbelievable that this could happen
Elaine Shields [Hidden email address] How many more people have to suffer before something get done
Pat McClay [Hidden email address]
geoff senington [Hidden email address] greedy developers getting away with riping off the english
Frank and Marie Hand [Hidden email address] Cyprus is such a bad experience
Steven Noonan [Hidden email address] Is it not about time you called a halt to this total mess,
Steven Makin [Hidden email address] Disgraceful
Mary Glynn [Hidden email address] cyprus, change this criminal activity and protect property buyers
ng chew [Hidden email address] Cyprus is such a bad experience
Vivienne Ladommatou [Hidden email address] Tough times reveal the real nature of banks.. ALL banks.
Janet Lancashire [Hidden email address] Alpha Bank are proving yet again that they are currupt and criminal.
Den and Bren Thacker [Hidden email address] Love Cyprus Hate scamers!!!!
L W Smith [Hidden email address] Something rotten in the state of Denmark
Stavrou Nicos dino1712@cytanet.com.cy It should be solved by government laws to protect the buyers
lyn boor [Hidden email address]
Piter P [Hidden email address]
John Walker Scott [Hidden email address] The integrity of the Government is showing through here!
Neville Maxwell [Hidden email address] Corrupt and Greedy developers, banks, lawers
belinda Cartrite [Hidden email address] Disgusting
mike zackodnik [Hidden email address] Get it together before Cyprus turns into Greece!
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