Hagag Group Enters Azerbaijan: 3,500 Apartments in Sea Breeze with Tevakol Family and Emin Agalarov
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G · Buy vs holiday rent
Own a Sea Breeze Flat vs Hotel Weeks Rough model
Rough comparison of ownership carrying cost vs paying for the same holiday weeks in hotels — no appreciation assumed.
Sea Breeze = Caspian resort north of Baku, Azerbaijan — not Cyprus.
Buy (flat)
Hotel holiday
Comparison
Est. annual cost — own
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Opp. cost on equity + annual costs
Annual cost — hotel (same weeks)
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Cost per self-use week — own
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Cost per week — hotel
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Rough horizon verdict
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Ignores appreciation, financing, tax, renting out vacant weeks, and hotel inflation. Conversation tool only.
