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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
Dr Wacker [Hidden email address] Typical Cyprus Justice, makes one sick
Ashleigh young [Hidden email address] Cyprus you are shaming yourself to the rest of the EU
Buchanan Paterson [Hidden email address]
Dave Lyon [Hidden email address] Disgraceful
Sue Parker [Hidden email address] Disgraceful but so typical!
John Rose [Hidden email address] Stop paying all mortgages to Alpha Bank
aaron [Hidden email address]
Tanya Nicholas-Gallacher [Hidden email address]
Vic Allen [Hidden email address] irresponsible bank management inept govt
Julie Cobbin [Hidden email address]
Maureen Semple [Hidden email address] another nail in the coffin
James Peattie [Hidden email address] Should never be allowed
Anna Maria Haywood [Hidden email address]
Martin Law [Hidden email address] Utterly disgraceful. The developer & Bank are both crooked.
Walter Kalin [Hidden email address] The criminal practices of banks and developers have been known for yea
Sue Oxley [Hidden email address] Such a worrying time for owners - we had faith in you now prove it
Phil Oxley [Hidden email address] Whether paid in full or mortgaged no one can afford to lose property
Olwyn Harrison [Hidden email address] The EU need to sort Cyprus out once and for all
Carol [Hidden email address]
Andrew Sharpe [Hidden email address] Shame on Cyprus
Ann Ashley [Hidden email address]
Barbara Hare [Hidden email address] How do you expect people to buy properties there with no protection.
David Driscoll [Hidden email address] Wake up Cyprus and do the right thing!
Rob Hackett [Hidden email address] A national scandal if this is allowed to happen
Susan Hearn [Hidden email address] Disgraceful! Prosecute the Developer not persecute the Buyer
Gail Martin [Hidden email address]
Daphne Marlow [Hidden email address]
David Marlow [Hidden email address]
Bob Rigby [Hidden email address] Greed and Bad Practice. Wake up Ministers, it is time to Act!
Phil Hodgetts [Hidden email address] I have lost all trust with Cyprus
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