Avora Court

Avora Court is a small apartment complex comprising six 2- and 3-bedroom units in Paphos, Cyprus, in the city centre/seaside segment, developed by Aristo Developers. Each floor has two units (one 2-bedroom and one 3-bedroom), across a total of three floors. All six units are currently available, with prices starting from €295,000 plus VAT, meeting the €300,000 Cyprus Permanent Residency threshold when combining 1-2 units.

Avora Court Features

Avora Court is designed with contemporary architecture and holds an Energy Efficiency Class A certification. The 2-bedroom units have a consistent floor area of 140 m² across all floors, while the 3-bedroom units range from 179.68 m² to 192.38 m², increasing with floor height. Each unit includes one private parking space, a central air conditioning system, and a fully equipped kitchen (oven, hob, extractor hood). Handover specifications include basic finishes with fixed electrical appliances; loose furniture is selected by the client.

Paphos – the investment case

Paphos is a resort city in southwestern Cyprus, recognised by UNESCO as a cultural heritage site for its Kato Paphos Archaeological Park. Avora Court is located in the city centre/seaside area, a 5-minute drive from Paphos city centre, 10 minutes from the coast, and 20 minutes from Paphos International Airport. Paphos is a liquid market due to year-round tourism and a large community of foreign residents.

Aristo Developers – the developer

Aristo Developers is one of the largest property developers in Cyprus, operating since 1980 with over 40 years of experience in developing residential, golf, and resort projects. Aristo has completed over 200 projects in major Cypriot cities and served clients from 70+ countries.

Cyprus Permanent Residency Programme

Avora Court meets the requirements of Regulation 6(2) when clients combine 1-2 units to reach the €300,000 threshold plus VAT (e.g., two 2-bedroom units A101 + A201 = €595,000). Cyprus Permanent Residency grants permanent residence to the entire family (spouse, dependent children), requires entry to Cyprus once every 2 years, and has a fast-track processing time of 2-6 months. Minimum annual income outside Cyprus is €50,000 for the main applicant, plus €15,000 for the spouse and €10,000 for each dependent child.

Tax Advantages and Yield

Cyprus applies a reduced VAT of 5% for the first 130 m² provided the transaction value is under €475,000 and the built area is under 190 m². The 2-bedroom units at Avora Court (140 m²) fully meet these conditions. Paphos offers an indicative long-term rental yield of 4-5% per year and short-term rental (Airbnb) of 5-7% per year depending on the tourist season, according to indicative Cyprus market data for 2025-2026.