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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
Jackie Adams [Hidden email address]
Mrs C M Taylor [Hidden email address] Cyprus Banks & Government are a disgrace.
Jean Bagshaw [Hidden email address]
Jacqueline Cook [Hidden email address]
M Bragazzi [Hidden email address] Disgraceful behaviour!
M. Taylor [Hidden email address] Action Needed Today
alf fisher [Hidden email address] Banks in Cyprus are crooks
Julie Watson [Hidden email address] Don't punish buyers
Chris Helme [Hidden email address] Name, shame the developer and show a photograph of him
Lynn O\'Brien [Hidden email address] Do what is right.
Patrick Treacy [Hidden email address] The banks are complicite with the developers,in this legalised fraud !
J. Mackenzie [Hidden email address] The bank should not be allowed to go after the buyers of the property
Darryl kirby [Hidden email address]
Vicki Church [Hidden email address]
ROY JENKINS [Hidden email address] The Govt should sort this out, but I am laughing as I write.
Sriranjan [Hidden email address] This stance will give folks no confidence in investing in Cyprus
Allan Morgan [Hidden email address] I am so disgusted that Cyprus could let this happen.
Janette Newbon [Hidden email address] So many have been duped by cyprus developers/banks illegal pracitices
Debbie Mather [Hidden email address] It's a complete injustice
Terry Ryan terry010485@hotmail.com
T Lacey [Hidden email address] Shame on the banks
Nayeem Manji [Hidden email address]
Heidi Hall [Hidden email address]
Teresa Nutt [Hidden email address] How long before Government act
Hannah Werrell [Hidden email address] Laws must be changed
b hobson [Hidden email address] Time the EU got to grips with the rampant corruption and illegal deals
E Gillespie [Hidden email address] Goverment Act now before it is too late.
Chamberlein Eke [Hidden email address] People being deprived of their property will adversely affect Cyprus
Ian McQuisten [Hidden email address] Alpha attempt to legalise robbery !
Vanessa Eke [Hidden email address] What a shambles by the Banks, Developers, and Country
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