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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
Beryl & Bill Meloy [Hidden email address] Outrageous this will kill the property market in Cyprus stone dead
Linda Stewart [Hidden email address] Absolutely Ludicrous!!
Gary Petrie [Hidden email address] Immoral and should be illegal Cyprus
George Stewart [Hidden email address] sack the Bank Manager
Ian REynolds [Hidden email address] Cyp banks must act with real transparency. They need british customers
Caroline Dalby [Hidden email address] Cyprus is destroying peoples lifes , instead rebuild them
Colin Dean [Hidden email address] How on earth does this happen!!!!
Geoffrey Hulme [Hidden email address] possession should not be granted for houses legally paid for
Stephen Smith [Hidden email address] Legalised Theft!! This can't be right!
Jenny Fern [Hidden email address]
Vasilis Prodromou [Hidden email address] This is worse than having your house burn down
Steve Potts [Hidden email address] You cannot repair a bad reputation Cyprus....
Stephanie Valentine [Hidden email address] BANG OUT OF ORDER !!
Martin Osborne [Hidden email address] Absolutely agree - Cyprus must resolve this issue now
salome Miltiadou [Hidden email address]
Mike Wild [Hidden email address] Absolutley disgusting, please do not let this happen
john haver [Hidden email address] this is cyprus
carl edwardson [Hidden email address] a disgrace
C Fraser [Hidden email address]
Graham Hayman [Hidden email address] The housing mess must be sorted!
Colin Brightwell [Hidden email address] Totally immoral. Has Cyprus no shame?
brian kennedy [Hidden email address] very worrying
Neil Garland [Hidden email address] This should be between the developer and the banks not the innocent bu
Brian T houless [Hidden email address] Shame on Cyprus and Alpha bank a disgrace
Anita Johnson [Hidden email address] This is pure corruption which is normal here in Cyprus.
Kathy Cuff [Hidden email address] Shouldn't be allowed
Lisa Waith [Hidden email address]
Dave Mcwilliams [Hidden email address] Nothing surprises me about this place now
Sue Lambe [Hidden email address] Disgraceful behaviour
John Veasey [Hidden email address] Total disgrace
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