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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
tony fournaris [Hidden email address] yet again the banks passing the blame for there greed and stupity.
Malcolm Bright [Hidden email address]
Paul Egaru [Hidden email address]
May Wallace [Hidden email address] Banks need to be investigated regarding their lending practice
Jean Shields [Hidden email address]
maureen roberts [Hidden email address] Are they for real !!!
Maria Rosendale [Hidden email address]
Mike Jackson [Hidden email address] If deeds had been issued at point of sale this would not be happening
mike jarvis [Hidden email address] disgusting
Jenny Scott [Hidden email address]
Lorraine Carnie [Hidden email address]
Jenny Brock [Hidden email address] Inequality must stop
Gerry Glendinning [Hidden email address] Disgracefull
mary parnham [Hidden email address] The government need to act to stop buyers being cheated
mr g davies [Hidden email address] innocent people involved here..disgraceful
Robert Tilley [Hidden email address] Disgraceful behaviour from the banks. This cannot be allowed to happen
Donna Anderson [Hidden email address]
John Waterman [Hidden email address] A disgrace within what is Europe.
M Paske [Hidden email address] Where is the buyers protection????
Maggie Bartlett [Hidden email address] This disgraceful situation MUST be resolved and SOON !!
Tom Steel [Hidden email address] Stop this theft
Philippos Anselmou [Hidden email address]
Mike Gillingham [Hidden email address]
Tina Yapp [Hidden email address] Banks should be the ones to suffer not innocent people
LORRAINE COOPER [Hidden email address]
Tony Henderson [Hidden email address] amorality
Lorraine Turnbull [Hidden email address]
arran osullivan [Hidden email address] innocent hardworking people should not pay for bad banking
Terry Turnbull [Hidden email address]
Ian macdonald [Hidden email address] Terrible, this is an attrocious way to treat customers & the withdrawa
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