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Cyprus property is selling like hot cakes with more and more houses being built on the Island there is still no sign of the supply exceeding demand for a long time to come. The downside to this is that prices are continuin

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

g to rise and will do so for some time to come. If you are considering purchasing a villa or apartment in Cyprus now may be the best time to get your plans moving. A lot of would be investors hesitated during the Spanish p

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

roperty boom and lived to regret their tardiness. We ourselves could have purchased a Cyprus villa in the top resort back in 1998 with three beds a pool and en-suit bathroom for only ?65k! We held back and ended up paying

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

nearly ?180k for a similar property six years later. Owch!

The great news for Cyprus property buyers is that there is a huge choice of houses and villas all over this beautiful Island. Whether you are looking for an apart

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

ment or a luxury Cyprus villa you won't have to look far. The only downside is that the huge choice could be slightly overwhelming if you are unsure where to start. There are literally hundreds of developers and property a

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

gents in Cyprus so you will need to do some homework before you dive in. Like everything else in life there are good and bad with property agents being no exception to the rule. On the whole however most Cyprus property co

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

mpanies have good long standing reputations when it comes to dealing with non residents.

Buying Cyprus property has never been easier with so many people speaking English as a second language. The solicitors and property

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

agents all have English speaking staff so you shouldn't expierence any communication difficulties when conducting your business with them. The legal system in Cyprus is very similar to that in the U.K. due to the British i

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

nfluence during their occupation of the Island up until the 1960s. There are one or two things however that you should be aware of. Firstly as a non resident of Cyprus you are only allowed to own one property on the Island

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

although this situation could possibly change in the future. The other thing to be aware of is that if you purchase a brand new Cyprus property you are unlikely to receive your title deeds for anywhere up to five years af

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

ter completion of the project.

The reason that it takes so long to gain possession of the title deeds is as follows. When a Cyprus property developer purchases the land to build on it will usually come with a single title

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

deed for the whole plot. When the melons, tomatoes or whatever that used to grow there have been replaced with houses the developer will need to apply for separate title deeds for each individual property. This cannot of

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

course happen until all the house are built and the roads ect are finished. When the developer applies to the land office they will do a full survey of the whole development to check that the only building work carried out

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

is as was detailed on the original planning application. This is the reason why the owners of these new properties are advised not to carry out any additional structural work until the deeds have been completed. There is

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

a risk that work on any one property which contravenes the planning rules could jeopardize the issuing of title deeds for all the properties on the development.

This is why when you purchase a brand new Cyprus property a

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

contract must be drawn up between yourself and the property developer. This will show that although the developer holds the deeds for the land you have entitlement to your house whilst awaiting the deeds. This may even be

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

the procedure should you purchase a resale Cyprus property up to five years old where the title deeds have not yet been transferred. In fact many sellers have been shocked to discover that the developers require a fee of

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

around three thousand cypriot pounds to set up a replacement contract with the new buyer. The purchaser of such properties is not however required to contribute towards this cost.

So there you have some basic info about t

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

he Cyprus property market and we sincerely hope that you find it useful. Obviously there is a lot more to take into account such as the availability of finance in Cyprus and the cost of owning property ect. The Cyprus bank

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

s seem more eager than ever before to loan against property purchases for non residents and the cost of living in Cyprus is dramatically less than in the U.K or other parts of Europe. Happy house hunting and enjoy Cyprus!

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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