Property Prices in Mongolia

Index Info
Price to Income Ratio: 16.52
Mortgage as Percentage of Income: 169.27%
Loan Affordability Index: 0.59
Price to Rent Ratio - City Centre: 18.06
Price to Rent Ratio - Outside of Centre: 17.72
Gross Rental Yield (City Centre): 5.54%
Gross Rental Yield (Outside of Centre): 5.64%
Rent Per Month
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Apartment (1 bedroom) in City Centre 930,055.73 ₮ 600,000.00-1,200,000.00
Apartment (1 bedroom) Outside of Centre 563,414.08 ₮ 350,000.00-900,000.00
Apartment (3 bedrooms) in City Centre 2,052,823.99 ₮ 1,000,000.00-3,000,000.00
Apartment (3 bedrooms) Outside of Centre 1,307,848.26 ₮ 700,000.00-2,288,441.23
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 375,092.90 ₮ 232,255.67-650,315.87
Price per Square Feet to Buy Apartment Outside of Centre 228,771.83 ₮ 176,514.31-325,157.93
Salaries And Financing
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Average Monthly Net Salary (After Tax) 983,845.21 ₮
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 8.28 6.00-16.00

These data are based on 103 entries in the past 18 months from 15 different contributors.
Last update: January 2023
Our data for each country are based on all entries from all cities in that country.

Sources and References
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