Property Prices in Mongolia

Index Info
Price to Income Ratio: 15.65
Mortgage as Percentage of Income: 137.29%
Loan Affordability Index: 0.73
Price to Rent Ratio - City Centre: 13.86
Price to Rent Ratio - Outside of Centre: 13.25
Gross Rental Yield (City Centre): 7.21%
Gross Rental Yield (Outside of Centre): 7.55%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,554,709.84 ₮ 1,000,000.00-2,700,000.00
Apartment (1 bedroom) Outside of Centre 1,038,888.89 ₮ 450,000.00-1,800,000.00
Apartment (3 bedrooms) in City Centre 2,888,888.89 ₮ 2,000,000.00-5,000,000.00
Apartment (3 bedrooms) Outside of Centre 1,962,500.00 ₮ 1,200,000.00-3,000,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 443,221.23 ₮ 278,706.80-743,218.13
Price per Square Feet to Buy Apartment Outside of Centre 285,209.96 ₮ 232,255.67-371,609.07
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,252,307.69 ₮
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.25 6.00-9.00

These data are based on 116 entries in the past 18 months from 18 different contributors.
Last update: May 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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