Sell your flat and buy a Mardakan house: 3 scenarios
Typical case: a 3-bed, 90 m² flat in Yasamal appraised at 240,000 AZN, a Mardakan house at 320,000 AZN. There are three ways to close that gap — and over 20 years the difference between them is more than 200,000 AZN. Here is the math.
Scenario 1. Sell, buy the house for cash
Inflow: 240,000 AZN from the flat + 80,000 AZN savings = 320,000 AZN.
Outflow: 320,000 AZN house + 8,000 AZN notary/tax = 328,000 AZN. The 8,000 gap covered by consumer loan or savings.
Pros: no mortgage, full freedom. Cons: you lose an asset that could appreciate and generate rental income.
Scenario 2. Keep the flat, take a 7% mortgage
Inflow: 96,000 AZN down (30% from savings) + 224,000 AZN mortgage.
Monthly: 1,736 AZN mortgage minus 1,200 AZN rental income = 536 AZN net outflow.
Over 20 years: you pay 128,640 AZN above rent, but the flat appreciates 4–6% p.a. and stays yours.
Scenario 3. Direct swap plus cash top-up
Rare but possible: the Mardakan seller accepts your flat plus 80,000 AZN cash. Closes as a same-day double notary deal.
Pros: fast (2–3 weeks), no risk of «sold flat but can't find a house.» Cons: the pool of eligible houses narrows.
20-year comparison
| Scenario | Upfront | Assets in 20y | Net result |
|---|---|---|---|
| 1. Sell and buy | 328,000 | House ≈ 900,000 | +572,000 |
| 2. Keep + mortgage | 96,000 + 128,640 | House + flat ≈ 1,400,000 | +1,175,000 |
| 3. Swap | 80,000 + 8,000 | House ≈ 900,000 | +812,000 |
All three are winning trades, but their economics depend on one thing — your patience. Scenario 2 is the most profitable, but it demands 20 years of discipline and a willingness to be a landlord.
What to weigh
- Age: the younger you are, the more attractive Scenario 2.
- Willingness to manage the flat's rental (or pay 15% to a manager).
- Income stability — banks need 6+ months of proof.
- Distance: if your new work is far from the flat, renting it out becomes harder.
See also: 7% mortgage detail, move plan, investment ROI.
Run your scenario
Message «EV» on WhatsApp — we'll appraise the flat, shortlist houses and show both scenarios over 20 years.