Property Prices in Ulaanbaatar, Mongolia

Index Info
Price to Income Ratio: 14.90
Mortgage as Percentage of Income: 128.07%
Loan Affordability Index: 0.78
Price to Rent Ratio - City Centre: 10.97
Price to Rent Ratio - Outside of Centre: 10.66
Gross Rental Yield (City Centre): 9.12%
Gross Rental Yield (Outside of Centre): 9.39%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,961,558.81 ₮ 1,330,911.66-3,000,000.00
Apartment (1 bedroom) Outside of Centre 1,500,000.00 ₮ 800,000.00-2,000,000.00
Apartment (3 bedrooms) in City Centre 5,004,133.39 ₮ 3,500,000.00-8,000,000.00
Apartment (3 bedrooms) Outside of Centre 2,550,000.00 ₮ 1,500,000.00-3,000,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 517,930.14 ₮ 371,609.07-826,830.17
Price per Square Feet to Buy Apartment Outside of Centre 315,867.71 ₮ 260,126.35-371,609.07
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,506,250.00 ₮
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.00 6.00-6.00

These data are based on 76 entries from 12 contributors over the past 18 months.
Last update: April 2025

Sources and References
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