Property Prices in Ulaanbaatar, Mongolia

Index Info
Price to Income Ratio: 15.56
Mortgage as Percentage of Income: 140.00%
Loan Affordability Index: 0.71
Price to Rent Ratio - City Centre: 12.39
Price to Rent Ratio - Outside of Centre: 11.53
Gross Rental Yield (City Centre): 8.07%
Gross Rental Yield (Outside of Centre): 8.67%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,655,555.56 ₮ 1,100,000.00-2,700,000.00
Apartment (1 bedroom) Outside of Centre 1,112,500.00 ₮ 700,000.00-1,800,000.00
Apartment (3 bedrooms) in City Centre 3,571,428.57 ₮ 2,500,000.00-5,000,000.00
Apartment (3 bedrooms) Outside of Centre 2,285,714.29 ₮ 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 453,077.21 ₮ 371,609.07-557,413.60
Price per Square Feet to Buy Apartment Outside of Centre 276,562.90 ₮ 232,255.67-325,157.93
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,261,818.18 ₮
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.57 6.00-8.00

These data are based on 108 entries in the past 18 months from 18 different contributors.
Last update: February 2024

Sources and References
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