Property Prices in Mongolia

Index Info
Price to Income Ratio: 15.96
Mortgage as Percentage of Income: 142.82%
Loan Affordability Index: 0.70
Price to Rent Ratio - City Centre: 14.19
Price to Rent Ratio - Outside of Centre: 12.95
Gross Rental Yield (City Centre): 7.05%
Gross Rental Yield (Outside of Centre): 7.72%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,458,333.33 ₮ 600,000.00-2,700,000.00
Apartment (1 bedroom) Outside of Centre 995,000.00 ₮ 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 438,427.24 ₮ 366,963.95-557,413.60
Price per Square Feet to Buy Apartment Outside of Centre 272,513.32 ₮ 232,255.67-325,157.93
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,198,461.54 ₮
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.50 6.00-9.00

These data are based on 126 entries in the past 18 months from 20 different contributors.
Last update: February 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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