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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
Maria G Krickovic [Hidden email address]
J & P Pearson [Hidden email address]
Panikkos Moisi [Hidden email address] Support the innocent buyers
Jacqui Jelf [Hidden email address] I back this request whole heartedly
Alan Turtle [Hidden email address] Do not support these banks
Ruaridh Macleod [Hidden email address] No one will invest in Cyprus unless this is sorted !!
Anne Macleod [Hidden email address]
Jon Lacey [Hidden email address] This would sound the housing markets death knell
Mandalena Eleftheriou mandalena.moran@hotmail.com
Tom Lacey [Hidden email address] Take the developers property not innocent owners
Gaynor Lacey [Hidden email address] Its the greedy developers who should be paying morgages they took out
Linda Price [Hidden email address] Banks should recover from the developer.
Joyce Arnott [Hidden email address] This exploitation has to stop
Deirdre Shaw [Hidden email address]
jenny brambley [Hidden email address]
Gina Deen [Hidden email address] This must be stopped. Outrageous.
Ian McCardle [Hidden email address] yet another corruption scandal..where will it end
Caroline Mechan [Hidden email address] THIS SHOULD NOT BE ALLOWED!!!!!!!
Lynn Chavers [Hidden email address]
marian white [Hidden email address] shouldn't be allowed
Denise Boughey [Hidden email address]
James Sail [Hidden email address]
JOHN THOMPSON [Hidden email address] AP are near collapse, AB to blame
Andreas Georgiou [Hidden email address]
Karen Scott [Hidden email address] Disgraceful
Maria Willemars [Hidden email address] This is an issue between the bank & the developer
Angelo Christou [Hidden email address]
Peter Shelton [Hidden email address]
Yiannis Gregoriou [Hidden email address] Act now
David Williams [Hidden email address] Cyprus, you need to reasure the world that it is safe to buy here.
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