This is an outstanding, must-read article by the Economist. The article reports that Greek and Turkish Cypriots, close to a deal but may yet call the whole thing off.
Source: You say raki, I say ouzo | The Economist
The article is optimistic but cautious.
Importantly, the Economist features that the economic growth impact of reunification would be equivalent to an extra 3% GDP. This would push Cyprus growth to Asian levels and it would outstrip many European countries.
Cyprus has had its tough times in recent years but now opportunities exceed risks. I would expect an investment boom as the country continues to strengthen.