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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
David Newman [Hidden email address] Disgraceful
elaine magee [Hidden email address] time for the Cyprus Government to get their finger out
Chris Todd [Hidden email address]
Jason George [Hidden email address]
juliet george [Hidden email address]
Phil Eltringham [Hidden email address] Disgraceful, what a scandal!
Philip Voice [Hidden email address]
Virginia Meyer [Hidden email address]
Derek Fitches [Hidden email address] Cyprus needs to send a message of assurance to buyers
Peter Haynes [Hidden email address] Properties bought in good faith must not be taken away by the banks
Gary Wilkins [Hidden email address] How dare they
P Mcphee [Hidden email address] if they take my house may they rot in hell
Sandra McLean [Hidden email address]
Margaret Lovejoy [Hidden email address] This is totally unacceptable behaviour.
Alan Lovejoy [Hidden email address] Thieves!!
Adrian Falconer [Hidden email address] This would kill property sales
Gerry Edmands [Hidden email address] Why does the Cypriot Government support fraud?
Ian Taylor [Hidden email address] Disgraceful, make the developers pay, not the home buyer.
J. Cybulskij [Hidden email address] protect the rights of people
Ian Cracknell [Hidden email address] This government makes the Mafia look like angels
Jackie Nicholls [Hidden email address] The world media are watching Cyprus
Tom Goodlad [Hidden email address] Typical government, don't respond and it will go away
Ian Fraser [Hidden email address] Home owners should be protected by law.
Cormick McArthur [Hidden email address]
Ian Laws [Hidden email address] this should be taken to the EU, which they are supposed to be members
Rachel Laws [Hidden email address] they need to play by the rules
Chrissie Bradshaw [Hidden email address] Sort out the crooked developers.
Ray Mesher [Hidden email address] Lies and More Lies....Shameful
Patsy McKee [Hidden email address] we could be next
Gary Lynch [Hidden email address] Banks should never have remortgaged land-unlawful!
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