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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
Peter Petrou [Hidden email address]
Betty Bobs [Hidden email address] A disgrace
S. James [Hidden email address] Do the right thing!
Christopher Jacob [Hidden email address] The government of Cyprus needs to resolve this situation now!
Chrysi Koussertari [Hidden email address] Why should buyers lose their home when they have paid in full?
Janet Speirs [Hidden email address] Waken up Cyprus - buyers are watching!
william barton [Hidden email address] just be fair and honest
Elizabeth Porteous [Hidden email address] They are commiting property investment suicide!
Lloyd Owens [Hidden email address] No further comment needed!
Victoria Nickel [Hidden email address] Robbing the poor to support the rich!
Carol Vardy [Hidden email address] Typical make others pay for their mistakes
Alan Wall [Hidden email address] Go for the developer not his victims!
Barrie Wade [Hidden email address] Its about time the buyer is protected, not the developers or banks
Lyn Sabbagh [Hidden email address] Developers and Banks problem only! Nothing at all to do with buyers.
Katrina Young [Hidden email address] Disgraceful for buyers to find themselves in this position!
Patricia Brambley [Hidden email address] People will focus on Cyprus next year - act now.
Helen Furey [Hidden email address]
Michael Seward [Hidden email address] The property buying world is watching this with interest.
Christina CherryTait [Hidden email address] Where is the fairness? This will kill the property market dead!
Archie CherryTait [Hidden email address] Stop making innocent buyers pay for the corrupt system you allow!
Phillip Doy [Hidden email address]
Sarah Massos [Hidden email address] Utterly disgraceful! Wake up Cyprus the world is watching!
Marian Walker [Hidden email address] Widespread legalised fraud should not be condoned
Elizabeth Mcphee [Hidden email address] Save their homes, the banks cannot be allowed to do this.
Shan Martin [Hidden email address] The Banks & Developers created this mess !!
Nigel Howarth [Hidden email address] Disgusting - another nail in the coffin!
Steven Croad [Hidden email address] The developers and banks have acted like gangsters!
Tom Banigan [Hidden email address] We are Alpha Bank customers, possibly not for much longer though.
Derek Harper [Hidden email address] This is an isue between the bank & developer
Margaret Banigan [Hidden email address] Shameful and morally bankrupt.
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