There are good real estate opportunities in Cyprus, especially on the Occupied Side. But part of the reason this is so is that that land/property was stolen a few decades back, nobody is too sure of the stability of the current legal underpinnings for ownership, and many of the original -- very pissed off -- owners still live not far away.

Practically speaking, though, nothing is likely to happen if you buy in. Further, you'll have a bit more than 2x the purchasing power since the Turkish lira is utilized there, in addition to being at a hub of travel to three continents and the usual perks of being in the Mediterranean.