Answers - Real Estate

It's no secret that the housing market in most of the US is cooling down. Where is the next big real estate market growth going to be? I think it is going to be Costa Ri

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

ca. Here's why I think Costa Rican beach front property is going to see amazing growth in the next few years. The baby boomer's are going to retire soon and I suspect th

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

Examples of combination products may in

t many of them have long considered to retire in Costa Rica. Costa Rica is one of the nicest countries in Central America. It more politically stable than it's neighbors

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

and has more lush tropical paradise like environment. You may have considered purchasing property in Costa Rica. The beach front property in Costa Rica is a tropical lik

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

paradise. Costa Rica beaches are one of the most beautiful in the world.

Have you thought about making the giant leap and purchasing beach front property as a second h

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

Combination pro

me or an investment? During the past 5 years real estate has been increasing at a remarkable 18 - 30 % per year. How do you invest in Costa Rica beach front properties?

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

ead on, and I'll share my thoughts on the guidelines to buying beach front property anywhere else in Costa Rica.

Here’s one current example of one the best deals for be

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

ch front property that is 38 (plus acres) that could be developed as urbanization or your own personal estate.

There are only two ways to go about buying beach front pr

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

perty in Costa Rica? The wrong way, and my way. Based on my experience of living here in Costa Rica for the last 15 years. Here's my thoughts:

Make sure the area your l

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

oking at is a place you would like to vacation at. If you plan on making a large purchase then spend a few days in the area to see if it is the right place for you. You

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

ill get a more in depth idea if you spend more time there. You don't want to in your "tropical dream paradise" regretting that you've done it.

Find a competent lawyer t

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

Following aspects would a

represent your investment. Do not use the lawyer who is associated with the buyer. Always find your own lawyer to manage your purchase. It’s important to find one that

dd to the challenges in developing combination products:

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

as considerable knowledge of maritime zone law.

Costa Rican maritime law is different in every Central American country and you need to know all of the details before p

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

rchasing beach front property in Costa Rica. In Costa Rica, the maritime zone is 200 meters from the average median high-low tide all year long. The first 50m is public

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

roperty and the 150 meters from that line is restricted. The 150 meters stretch can not have an “original title”, but can be leased by a concession by the local municipa

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

ity.

Once your sure of purchasing your property act quickly (but prudently). Since property in Costa Rica is in high demand a good deal won’t last long. Land prices are

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

Professional from academic institutions, pharmaceutical industries, health care indust

on the rise, and not showing signs of slowing down any time soon. Once your sure, act. The current owner may have second thoughts and want to renegotiate or may not want

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

to sell.

Negotiate directly with the owner. There are many middle men that light be charging you too much. If an agent says you can’t speak with the owner then do not w

.

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

ste your time or money.

Get a topographer to do a recent survey the land. The owner will have a "plano catestrado", but you will need to make your own survey to verify

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

Companies that provide selfless information through particip

he location and size of your property. You want to make sure your getting what you paid for.

The best of luck in your search for your beach front property in Costa Rica

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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Answers - How and When to Buy Beach-Front Property in Costa Rica

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