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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
S Fox [Hidden email address] No comment needed
Marion Connolly [Hidden email address]
gareth price [Hidden email address] been badly advised on mortgage
Clifford Roger Lowe jollyrogercyprus@hotmail.com Something must be done immediately
June Fitchett [Hidden email address] The government must protect property buyers
N. Jones [Hidden email address]
Ann Allen [Hidden email address] Alpha trying to legalize robbery of innocent owners
Amanda Ludman [Hidden email address]
Michael Ludman [Hidden email address]
Heather Morton [Hidden email address]
Carol Kelly [Hidden email address] What a disgrace Cyprus!
Pete Shaw [Hidden email address] Mortgaging sold properties/land must be made a crime
David Gandy [Hidden email address] Wake up Cyprus, you are killing the property market!!
Donald Clark [Hidden email address]
carol &rob newman [Hidden email address] We loved Cyprus but have quit and run
nick kourtoulou [Hidden email address]
Michael lawlor [Hidden email address] An absolute disgrace and should be stopped now!
androulla kourtoulou [Hidden email address]
R Quinn [Hidden email address] It could only happen in Cyprus Buyers Beware
stu burton [Hidden email address] bloody disgrace
Peter [Hidden email address] If this isn't resolved, no one will buy
Gary [Hidden email address]
Anthony Allen [Hidden email address] Another example of bank mismanagement, then left to the public/owners!
Katie Allen [Hidden email address] Surely not legal
Name with held for fear of action from Alpha Bank [Hidden email address] Government and Alpha Bank are not to be trusted
Geraldine & Trevor Dodd [Hidden email address] Do the Victims ever get justice in Cyprus?
Ken Graham [Hidden email address] Time to end this level of corruption
Zena [Hidden email address] Will anyone ever buy property in Cyprus in the future
Peter Strange [Hidden email address] This seems to be an issue between the bank and developer not the buyer
Victoria Wilmot [Hidden email address] DO NOT penalise the innocent property buyers
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