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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
Colin Murtha [Hidden email address] Alpha Bank should be stopped
Frank Magee [Hidden email address] This is totally unacceptable!
Jordan Magee [Hidden email address] Horrendous!
Paul Mooney pmooney22@yahoo.co.uk Time to stand by what you said, Mr Neoclis Syikiotis.
Kieren Jones [Hidden email address]
Natalia Volkova [Hidden email address]
michelle Auer [Hidden email address] why should my mum loose everything she has worked hard for!
Sandra partheniou [Hidden email address] Unbelievable !
Gary Tibbott [Hidden email address] make the developer pay
Dave Rogers [Hidden email address] Commercial suicide!!
Elma Gilliver [Hidden email address] Not before time!
Derek Darlison [Hidden email address] Having paid fully, it is a disgrace that they are put in this position
terry smith [Hidden email address]
Linda Phillips [Hidden email address] it is a disgrace and is unethical
Tracy Brown [Hidden email address]
Sheena Bottrell [Hidden email address] The debt is between the bank & the developer, not property owners.
Chrys Avey [Hidden email address] Banks cannot be allowed to act in this way.
Brian Nevins [Hidden email address]
Ekaterina Chavrina [Hidden email address]
Bob Browne [Hidden email address] Should't be allowed to happen in a civilised country!
Barbara Knowles [Hidden email address] scandalous
Jennifer Inch [Hidden email address] I support this petition
denis knowles [Hidden email address] Robbers!
james sawyer [Hidden email address]
J. Harris [Hidden email address] Help those who trusted the system
R Francis [Hidden email address]
Bernadette McGuinness [Hidden email address]
Lyndon Jones [Hidden email address] This type of problem destroys the housing sector removing all faith
Judy Adams [Hidden email address] How can innocent people be made to pay someone else's debt?
brian davis [Hidden email address] a proerty is an investment and should be protected by any goverment
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