You don't mean investing then, you mean 'living'. Its not the same. Property shouldn't be bought for profit, certainly not in the present climate, but if you genuinely intend to live in a place it doesn't matter if the price drops, because you won't be selling anyway. So go and have a look at north Cyprus and see what you think. It depends if you want the company of educated and reasonably cultivated people, or not. There are some interesting types in the north, but the social dynamic has, as I said before, changed lot in the past few years and the culture of many ex-pats seems based on the abundance of cheap alcohol and chips and burgers. There is no longer even a proper bookshop, which speaks a lot I reckon.
Many of the old stagers have left the island recently and gone to either France or Turkey. I know of one or two who have left for Morocco, and one who is now living in Oman, where property can also be bought, although not cheaply. In Oman however, there is a large group of seriously interesting multinational people, and the Omanis themselves are very interesting too. But the place is expensive and very hot (too hot) in the summer.
A friend of mine lives in both north Cyprus and the south of France, and the winter climate is not too different; perhaps a little shorter winter in Cyprus, but nothing to worry about.
It all depends what you want. If you can get away occasionally for a bit of cultural re-charge then Cyprus is great, as a stand alone it might pall.
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