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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
Alan William Bond [Hidden email address] Disgusting
mike Gillians [Hidden email address] do the cyprus goverment wont the property market to recover?
Leoni Pitman [Hidden email address]
Emma Fulton [Hidden email address]
Clive Fulton [Hidden email address]
Christine Morgan [Hidden email address] Cypriot develovers took our money now they need to look after our inve
cindy cullen [Hidden email address]
Janet Crossley [Hidden email address] Cyprus Govt, Developers, Lawyers, Banks all dwell in the same cesspit
s.la planche [Hidden email address] words fail me
Richard Graham [Hidden email address] All the morals of sewer rats
Rosamund Morray [Hidden email address] How many more victims are there in this disgraceful country?
Hannah D, [Hidden email address] Help the owners please!!!
Nigel Cotterill [Hidden email address] Best Wishes to all who are fighting this injustice
Peter Wiseman [Hidden email address]
B Singh [Hidden email address] It's time we put a stop to the corruption that goes on in Cyprus
Brian Disley [Hidden email address] Action by minsters to give purchasers faith and trust.
Annelie Roux [Hidden email address] Irresponsible lending on the part of the bank. Should be their loss.
Naomi [Hidden email address] Justice now
I Veli [Hidden email address]
N. Dawson [Hidden email address] Fight this injustice!
Mario Savvides [Hidden email address] let the owners keep their properties
Steve colwell [Hidden email address] Its about time the buyer is protected, not the developers or banks
walter shields [Hidden email address] Money should not be deposited with this bank.
Dr Antony Moore [Hidden email address] I fully support this petition
Wendy Brown [Hidden email address] Unbelievable!
M.E.W.Matthews [Hidden email address] This is blatent piracy
C Mendes [Hidden email address]
Mahendaraj Supramaniam [Hidden email address] A disgrace!
stuart and clare bird [Hidden email address] we suffered big loss at hands of unscrupulous builder so sympathise
Lorraine Smales [Hidden email address] Corruption from top to bottom!!!
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