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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
Shaun Byatt [Hidden email address] How can this be allowed in a modern European state?
kash ijaz [Hidden email address] Support buyer and the crooks that got us into this mess
Ian Goodall [Hidden email address] Cyprus is fast gaining a reputation as a "banana republic" .
Jane Triggs [Hidden email address] People should be able to expect protection from the Governement.
Richard Whitaker [Hidden email address] What were the lawyers doing to protect their clients' interests
Gregg Murrell [Hidden email address]
Bob Chalk [Hidden email address] disgraceful
Dee [Hidden email address]
Anthony Petrakis [Hidden email address]
Maureen Juniper [Hidden email address] This is disgraceful and must be stopped
Mike D.G.Miller [Hidden email address] We were lucky ,but have left for good.
Patricia Buckmaster [Hidden email address] Typical of Cyprus, let the innocent be the victims
Mike Johnson [Hidden email address]
P.Mann [Hidden email address] Cannot be allowed to happen - ever !
Robert Creedy [Hidden email address] Utterly shameful
Ian Sharpe [Hidden email address] Disgusted.
Sue and Barry Walker [Hidden email address] Don't punish others for your duplicity
Keith Patterson [Hidden email address]
Carmen and David Brown [Hidden email address]
Dr David Chinn [Hidden email address] fairness is paramount
Marilyn Barnes [Hidden email address] This disgraceful situation has to be sorted to protect honest purchase
Alan Waring [Hidden email address]
Barbara Ankin [Hidden email address]
Laura McCallum [Hidden email address]
Mark Dolan [Hidden email address]
Gordon McCallum [Hidden email address]
Joseph Thompson [Hidden email address] I hope the goverment, Banks and the Europeon Union take it on board.
L.J.Horton [Hidden email address] This is one of the reasons we are leaving Cyprus
V.BARTON [Hidden email address] do the decent thing
Darryn Wright moedaz@hotmail.com
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