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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 Gill [Hidden email address] The whole sceanrio is an absolute disgrace
Christopher Woodward chris55woodward@btinternet.com Protect those that bought in all good faith!
L C Hill [Hidden email address] this must be stopped
I.McKenzie-Lee [Hidden email address] Yet another broken promise by Cyprus and the banks!!!!
S. Blay [Hidden email address] Obtaining money by false pretences. It's a disgrace.
david brown [Hidden email address] wrong completely wrong
Pat Batchelor [Hidden email address] Who will want to buy a property in Cyprus now?
Colin Campbell [Hidden email address]
A. Mammous [Hidden email address] Buyers should not be victimised. This is killing our property market.
J Mike Rhodes [Hidden email address] Why should honest buyers pay for developers, bankers and lawyers greed
Mary Stojsavljevic [Hidden email address] The Cyprus government must stop this happening.
Roberta Dolier [Hidden email address] Will be watching carefully for the outcome of this.
Alan Murray [Hidden email address] Bank took the risk, developer should repay loan off when he sells.
Gary Thom [Hidden email address] Government needs to address this corrupt issue
Chee Tan [Hidden email address] Fairness and honesty is all that's required
Iain McCallum [Hidden email address]
Roy Studds [Hidden email address]
Antony Walker [Hidden email address]
Nikki Porter [Hidden email address] Property law needs overhaul - every week a new travesty
Sam wilkins [Hidden email address] This needs to be resolved right now!!
Peter Salter [Hidden email address] Irresponsible lending by banks - go after developers not buyers
R Streeton [Hidden email address]
Christina Smith [Hidden email address]
sarah allen [Hidden email address]
wayne allen [Hidden email address]
Mark Wight [Hidden email address] very worrying!!!!!!!!!!!!!
Trevor Elliston [Hidden email address] A disgrace to Cyprus.
liz mccarthy [Hidden email address] This is the banks problem not the owners
Anthony Parker [Hidden email address] Foreign investors won't invest in countries with weak property rights
John Hutson [Hidden email address]
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