Grigio Court

Grigio Court is a small apartment complex comprising 6 units with 1-3 bedrooms in Polis Chrysochous, northwest Cyprus, developed by Aristo Developers. Distributed over 2 floors with 3 units per floor (1 x 1-bedroom, 1 x 2-bedroom, 1 x 3-bedroom), all 6 units are currently available. Prices range from €170,000 to €300,000 excluding VAT — Cyprus residency by investment clients will need to combine two units to meet the €300,000 threshold for Regulation 6(2).

Grigio Court Features

Grigio Court features a symmetrical design between the ground and first floors. The 1-bedroom units (A101, A201) have a floor area of 91-93 m² and are priced at €170,000-€180,000. The 2-bedroom units (A102, A202) have a floor area of 129 m² and are priced at €255,000-€260,000. The 3-bedroom units (A103, A203) have a floor area of 165-166 m² and are priced at €290,000-€300,000. All units are Energy Efficiency Class A certified, include one private parking space, and a fully equipped kitchen.

Polis Chrysochous – the investment case

Polis Chrysochous is located in northwest Cyprus, a small coastal town adjacent to Akamas Peninsula National Park — a pristine nature reserve protected by UNESCO. Unlike Paphos and Limassol, which attract large numbers of tourists, Polis maintains a traditional Mediterranean fishing village atmosphere and is less commercialised. Polis is suitable for clients seeking a quiet second home rather than a bustling area. Grigio Court is a 5-minute drive from Polis centre, 7 minutes from Polis Chrysochous beach, and 15 minutes from Akamas National Park. Paphos International Airport is a 45-minute drive away.

The Difference — Polis vs Paphos vs Limassol

Within Aristo Developers' portfolio, Polis is a niche market for clients who prioritise pristine nature and privacy. Property prices in Polis are 20-30% lower than in Paphos for the same floor area due to less short-term investment competition. In return, rental liquidity is lower — Polis attracts trekking tourists, Akamas golf trail enthusiasts, and eco-tourism clients rather than mass beach resort tourism.

Aristo Developers – the developer

Aristo Developers has numerous projects in Polis, including Agnades Village 1, Argaka Village series, and Calma Beachfront Villas. Over 40 years of experience in Cyprus with more than 200 completed projects ensures consistent quality across target markets.

Cyprus Permanent Residency Programme

To meet the Regulation 6(2) threshold via Grigio Court, clients need to combine two units. Example option: one 3-bedroom unit A103 (€290,000) + one 1-bedroom unit A101 (€170,000) = €460,000; or a single 3-bedroom unit A203 (€300,000) + a smaller supporting unit. Cyprus Permanent Residency grants permanent residency for the whole family, with a fast-track process of 2-6 months, requiring entry once every two years.

Tax Advantages and Yield

A reduced 5% VAT applies to the first 130 m² for transactions under €475,000 and construction under 190 m² — Grigio Court's 1-bedroom and 2-bedroom units fully meet these criteria. Polis has lower rental yields than Paphos: long-term rentals are estimated at 3-4% per year, while short-term rentals during summer and golf season are 4-5% (market data reference 2025-2026).