Property Prices in Mongolia

Index Info
Price to Income Ratio: 16.22
Mortgage as Percentage of Income: 142.27%
Loan Affordability Index: 0.70
Price to Rent Ratio - City Centre: 11.57
Price to Rent Ratio - Outside of Centre: 11.01
Gross Rental Yield (City Centre): 8.64%
Gross Rental Yield (Outside of Centre): 9.09%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,769,246.97 ₮ 1,301,210.62-2,700,000.00
Apartment (1 bedroom) Outside of Centre 1,233,333.33 ₮ 800,000.00-2,000,000.00
Apartment (3 bedrooms) in City Centre 4,430,247.63 ₮ 2,500,000.00-7,000,000.00
Apartment (3 bedrooms) Outside of Centre 2,650,000.00 ₮ 2,100,000.00-3,000,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 488,123.99 ₮ 366,963.95-826,830.17
Price per Square Feet to Buy Apartment Outside of Centre 299,145.30 ₮ 260,126.35-371,609.07
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,306,153.85 ₮
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.25 5.00-8.00

These data are based on 112 entries in the past 18 months from 18 different contributors.
Last update: October 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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