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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
Geoff main [Hidden email address] It is not the peoples fault,Cyprus the world is watching!
Frank Mechell [Hidden email address] What will they do next!
shirley cassidy [Hidden email address] Fraud, pure and simple fraud.
Pete Adams [Hidden email address] Alpha bank need to explain how & why they let this situation develop.
Rosemary Slaney [Hidden email address]
J. Molloy [Hidden email address] Utter disgrace
Mike Hardman [Hidden email address] ludicrous! should have managed their loans better in the first place
Mary Fry marypfry@msn.com An absolute disgrace!
Mark Pegler pegos@live.co.uk How can they get away with this daylight robbery?
Steve McComish [Hidden email address] Banks have no ethics or concience
ANTHONY FALL [Hidden email address] And this from a member of European Union!
Rosemarie Holford [Hidden email address] It's scandalous! Banks' Insurance should cover non-payment of loans.
Charles Goldman [Hidden email address] Banks should remember who ultimately pays their wages (and bonuses!)
Eliza [Hidden email address] Cyprus propery developers are the cesspit of the Med
Marion DaVinci [Hidden email address] Buyers should be protected not the developers
David Jones [Hidden email address] Shameful and utterly disgraceful
laura achilleos [Hidden email address] its disgraceful, everyone sign to help stop this
Trish Potts [Hidden email address] YOU could be the first bank with morals - Do the right thing
Pete [Hidden email address]
Sue Walsh [Hidden email address] An absolute disgrace
Michael johnsey [Hidden email address] Bank and developers problem
Peter Powell [Hidden email address] The buyer needs protection by the law
Sue Ryan [Hidden email address] It is time all countries sorted their land laws out.
debbie [Hidden email address] this is an outrage and cannot be given the go ahead
Joan Jenkinson [Hidden email address] An absolute disgrace!
Angie Savory [Hidden email address] the issue between the bank & developer should not victimise buyer
k goodman [Hidden email address] totally unbelievable
stewart critchell [Hidden email address] This will not help the Bank or Cyprus, who will buy here now corrrupt
Deanna Smith [Hidden email address]
I Morey [Hidden email address] Shame on you
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