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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
D Twigger [Hidden email address]
Anona Creedy [Hidden email address] unfortunately - we are one of the buyers of Liassides' properties!
Sharon Beech [Hidden email address] Disgusting behaviour !
Kelly [Hidden email address]
Bob Child [Hidden email address] Why has the developer no been prosecuted for fraud?
Adrian Saul [Hidden email address] This application is inconsistent with responsible EU membership
Steve Talbot [Hidden email address] Outrageous! Cyprus is famous for this.
SIMON KAZZI [Hidden email address] he is not the first ,law should be more strict
Chris Tsikkinis [Hidden email address]
lewis stratford [Hidden email address] Go for the developer
Colin Kemp [Hidden email address] Bankers and lawyers beware, close this matter, it could be you next!
Louise Young [Hidden email address]
Roger Search [Hidden email address]
Philip Wilkinson [Hidden email address] It should not be allowed
maureen guthrie [Hidden email address] absolute disgrace
joe guthrie [Hidden email address] laws need to be changed
graham else [Hidden email address] unbelievable it could be allowed to happen
D. Baugh [Hidden email address] How can this happen to innocent people in this day and age!!
Terry White [Hidden email address] The WORLD is watching you the Government of Cyprus
marj Anderson [Hidden email address]
Sue Broadley [Hidden email address] Yet more shame for the property market in Cyprus.
W D Kerr [Hidden email address] hope you get justice
Philip Bedford [Hidden email address] How did this happen, how was he allowed to sell the property
Richard Lloyd-Roberts [Hidden email address] You should be ashamed of your poor actions.
R P M [Hidden email address]
Allan Devereux [Hidden email address] allandevereux@hotmail.com
Debbie T. [Hidden email address]
Alan Cook [Hidden email address] Expose Alpha Bank to the full!
Alan Topping [Hidden email address]
Bill James [Hidden email address] The entire system in Cyprus needs sorting out before more inocent peop
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