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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
Robert Briggs [Hidden email address] The bank/s involved in this disgrace are scum!
Ashley Gooch [Hidden email address] Beyond Belief
Nantia Pantelidou [Hidden email address] It is something that should have been ages ago!!!
melinda bojte [Hidden email address]
Campbell Findlay [Hidden email address] Does ANYBODY in authority tell the truth here?
sue cordrey [Hidden email address]
mariavic [Hidden email address] appalling,greedy builders and banks robbing people of everything..
Louise van Rooij [Hidden email address] re-think!
Owen Rainford [Hidden email address] Just another day in this corrupt property market
Linda Hume [Hidden email address] Protect the buyers the developers have already been paid once.
Ann Daly [Hidden email address] Must be that Special relationship between bank/developer & solicitors
peter osborne [Hidden email address] be fair
Tina Mechell [Hidden email address]
Brian Kent [Hidden email address] When will this contry put it's 'house' in order?
Kevin Males [Hidden email address] We should not have to pay for the corruption of Developers and Lawyers
Michael and Barbara Tann [Hidden email address] Who is going to help us ? Answer .... No One!
Stephanie East [Hidden email address]
Terry Smith [Hidden email address] Absolutely disgraceful! This will kill off the Cyprus property market
John Cook [Hidden email address] An absolute disgrace. Victims made to pay for banks mistakes
Fred Smith [Hidden email address] Liars & thieves the lot of em
Pauline Read [Hidden email address] Fraud should be prosecuted, not rewarded
Jenny Jones [Hidden email address] The whole situation is a nightmare and has to sorted out.
Barry Taylor [Hidden email address] the banks played the system so they should accept the loss
Marie-Elissa West [Hidden email address] Yet another example of a bank and developer stealing from home owners
dennis nash [Hidden email address] Beware of Cypriots bearing gifts how many developers are in the Goverm
Les Briggs [Hidden email address] No to Alpha Bank
peter walsh [Hidden email address] you are playing with peoples lives
Ian Titterington [Hidden email address] The EU needs to sort this out now !
James Cross [Hidden email address] just how low can the property market go in the worlds standings.
Lynn McGreavy [Hidden email address]
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