Property Prices in Mongolia

Index Info
Price to Income Ratio: 18.69
Mortgage as Percentage of Income: 167.24%
Loan Affordability Index: 0.60
Price to Rent Ratio - City Centre: 16.07
Price to Rent Ratio - Outside of Centre: 13.85
Gross Rental Yield (City Centre): 6.22%
Gross Rental Yield (Outside of Centre): 7.22%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,252,472.43 ₮ 600,000.00-2,700,000.00
Apartment (1 bedroom) Outside of Centre 795,383.78 ₮ 351,900.00-1,800,000.00
Apartment (3 bedrooms) in City Centre 3,188,307.41 ₮ 2,000,000.00-5,000,000.00
Apartment (3 bedrooms) Outside of Centre 2,076,090.95 ₮ 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 483,936.35 ₮ 371,609.07-743,218.13
Price per Square Feet to Buy Apartment Outside of Centre 268,572.01 ₮ 185,804.53-371,609.07
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,083,320.39 ₮
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.50 6.00-9.00

These data are based on 118 entries in the past 18 months from 16 different contributors.
Last update: June 2023
Our data for each country are based on all entries from all cities in that country.

Sources and References
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