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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
Stephen Malcolm [Hidden email address]
s and l coyle [Hidden email address] please just be honest and fair. thanks
sabrina graham [Hidden email address] Total fraud, buyers should be protected
Charles Bradford [Hidden email address] I wish I never heard of a place called Cyprus....sad
Paul Brookes [Hidden email address] Play fair
Dave Hand [Hidden email address]
Louise Brookes [Hidden email address]
Yvette Graham [Hidden email address] Cant be that hard to find this Developers real assets surely...
Lai Lin [Hidden email address]
Satchithanantham [Hidden email address] Not fair on investors.
Trevor Payne [Hidden email address]
moyra campbell [Hidden email address] This is bad news for alpha bank
David Coe [Hidden email address] You encouraged us to invest, took our money.Time now for fair play.
Andrea Coe [Hidden email address] This would create a dangerous precedent if it is allowed.
Alexander Morrison [Hidden email address] Stop picking the easy target, make the debtors pay.
Daintre and Tony Hart [Hidden email address] A simple transfer of title with purchase would prevent this iniquity
David Callaghan [Hidden email address] Beyond Belief
peter walker [Hidden email address] more cyprus lunacy on show
Andrew Milner [Hidden email address] Time Cyprus woke up and sorted out the scandals over properties
Pat Dexter [Hidden email address] Cyprus beware - the world is watching
Sarah J Linley [Hidden email address]
Andrew Dexter [Hidden email address] Mired in corruption; unfit to hold rotating presidency of EU
Michael Bennett [Hidden email address] It seems very unfair even to a happy visitor to cyprus.
Anne Chougol [Hidden email address]
L Parker [Hidden email address] disgraceful
Roger Snelling [Hidden email address] I am in a similar situation it's like being on death row
L Liddle [Hidden email address]
Chris Ward [Hidden email address] Bank Robbers have higher morals!
Nicola Owens [Hidden email address] An absolute disgrace, I will be doing my banking elsewhere.
neil holleran [Hidden email address]
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