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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
Larrangton-White [Hidden email address] This move looks ot be illegal and is morally wrong.
james moir [Hidden email address]
ANDREW SQUIRE [Hidden email address]
caroline moir [Hidden email address]
Barry Squire [Hidden email address]
Mr Camacho [Hidden email address]
christine menzies [Hidden email address] People have paid out their hard earned cash to buy property in Cyprus
Russ Graham [Hidden email address] They themselves have created this problem, in the first palce
norman weaver norman.weaver1@ntlworld.com get it sorted cyprus is well know to be corrupt
Mary Morgan [Hidden email address]
Robert Morgan [Hidden email address]
Lesley Hobbs [Hidden email address] Poor banking practices should not be paid for by innocent third partie
Denise Tilson [Hidden email address] stop this madness
John Keelan [Hidden email address]
Sue Keelan [Hidden email address]
David Nelson [Hidden email address] Save Cyprus before it is too late
Geoff Lamb [Hidden email address] Do the right thing. NOW!!!!
Oliver Mcwilliams [Hidden email address] The market is watching...
Bassman62 [Hidden email address] The banks are as much to blame as the developeras
Jill Skea [Hidden email address]
Derek Skea [Hidden email address]
Gordon Aldrich [Hidden email address] Typical. Stop this stupidity
Scott Speirs [Hidden email address] Shame on Cyprus!
Alex Speirs [Hidden email address] Who would move to Cyprus now!
Jan Arden [Hidden email address] European law should prevent this.
Joseph Meloy [Hidden email address] Outrageous
Debbie eley [Hidden email address]
Eric Butterworth [Hidden email address] we need to help these people
Sotirios Steve Procopis [Hidden email address] Space does allow for a full description of the discust I, we feel.
Malcolm Adams [Hidden email address]
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