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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
Reg Whatley [Hidden email address] Next year Cyprus presidency.
Nikolas Michaelides [Hidden email address]
Celia Mcilveney [Hidden email address] Banks and developers working hand in hand. Disgusting!
Paul Burns [Hidden email address] A complete failure of the legislature and morally unjustifiable
Ed Read [Hidden email address] Stop alloing developers to mortgage land they no longer own!
Barbara Bayley [Hidden email address] There needs to be a quick change in the law to protect us
ronald mc hardy [Hidden email address] daylight robbery
Amanda Hart [Hidden email address]
Acland Hart [Hidden email address]
dave rich [Hidden email address]
Peter Simmons [Hidden email address] why didnt the bank check there wer no ot persons involved
Liz Packett [Hidden email address] Immoral
K.Wilson [Hidden email address] The fact that the Interior Minister states this island is a safe place
Shirley Walsh [Hidden email address]
Joseph McEvoy [Hidden email address] Everyone in 'Europe' is watching
Alex Braceland [Hidden email address] Have the Integrity, and moral courage to do the right thing.
Kevin Craddock [Hidden email address]
COLLEEN Lloyd-Roberts [Hidden email address] colleen@divsix.com
Dianne Stewart [Hidden email address] This is outrageous. Stop this immediatly!
K. Richards [Hidden email address] The situation id disgraceful!
Gill Burridge [Hidden email address] Liasides, took my 84 year old Mother for 80,000cyp.
Joyce Edwards [Hidden email address] There's no justice in this Country!
Gary Fitchett [Hidden email address] Responsibility lies within the banks & statute
frank [Hidden email address] wake up smell the coffee no one will buy ever in cyprus
ian hopkins [Hidden email address] Europe and the EU are watching this with interest
K McGovern [Hidden email address] Are property investments in Cyprus no longer safe
Mary McCartney [Hidden email address] why are the innocent being punished for someone else's crime
Jane Gibson [Hidden email address] Hope this helps to avoid this happening
Bill Cobbett [Hidden email address] These people have paid for their homes. Honour the pledge of 2009.
wyle petersen [Hidden email address] failing action will not go unnoticed
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