Actual - Real Estate

While the world is in agreement that property for sale in North Cyprus represents a fantastic investment opportunity because rental and resale demand is soaring whi

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

le at the same time property prices remain incredibly affordable, there are certain parts of the island that make the best property investment hotspots.

It is not

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

Examples of combination products may in

a case of every location being equal or of every property of a similar size and specification being worth the same in Northern Cyprus - just as it does anywhere els

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

e in the world location, location, location counts in North Cyprus.

The first location worthy of closer inspection is Esentepe to the east of the island and a twen

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

ty minute drive from the ancient harbour town of Kyrenia. Esentepe is home to a brand new, international standard, championship golf course - furthermore it is the

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

Combination pro

location for the very first marina being built in Northern Cyprus.

Naturally enough these two factors alone create great reason for property in Esentepe to be hig

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

hly prized, but there are a number of other reasons making this location worthy of closer inspection. Firstly land in the area is now selling for a premium as devel

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

pers try to get in on the property boom, secondly rental demand for properties in the area has gone through the roof following the completion of the golf course, an

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

d thirdly the entire surrounding area is totally unspoiled, it is covered in lush olive and carob trees, the beaches are pristine and undeveloped and the people liv

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

e in their traditional houses and still enjoy an unhurried and stress free kind of life.

Properties in Esentepe start from GBP 60,000 for duplex apartments within

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

the golf resort and go up to around GBP 200,000 for custom built, luxury detached homes. Prices in this part of Northern Cyprus have been appreciating rapidly in t

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

Following aspects would a

he past 4 years.

The next area worthy of consideration is Alsancak which is to the west of Kyrenia and just a ten minute drive from the heart of the old town of Ky

dd to the challenges in developing combination products:

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

renia. Alsancak is one of the most popular parts of Cyprus with holiday makers, there is a great deal of development already earmarked for the area and there's an

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

abundance of beach clubs, bars and discos in the area. For property investors hoping to let their properties out during the long hot spring and summer seasons in C

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

prus, Alsancak is most certainly worthy of consideration.

And finally - unspoiled, untouched and as yet almost undeveloped Karsiyaka which is a thirty minute drive

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

to the west of Kyrenia. With its hidden coves, sandy beaches, stunning mountains and beautiful countryside, the area of Karsiyaka is going to become one of the mo

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

Professional from academic institutions, pharmaceutical industries, health care indust

st desirable places to live in North Cyprus because the government has set incredibly strict planning rules to prevent over development and to allocate a great deal

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

of space for the likes of another golf course and marina, and also they have allocated space to be left completely untouched. This part of Cyprus is unique and it

.

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

has to be seen to be understood and experienced!

Karsiyaka will become home to the discerning buyer, those looking to escape to a better quality of life in a supe

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

Companies that provide selfless information through particip

rior location. Currently there are few developments in this area of the island but those that are available start from around GBP 80,000 for a two bedroom bungalow

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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