Property Prices in Ulaanbaatar, Mongolia

Index Info
Price to Income Ratio: 17.27
Mortgage as Percentage of Income: 177.05%
Loan Affordability Index: 0.56
Price to Rent Ratio - City Centre: 18.27
Price to Rent Ratio - Outside of Centre: 14.86
Gross Rental Yield (City Centre): 5.47%
Gross Rental Yield (Outside of Centre): 6.73%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,100,000.00 ₮ 700,000.00-2,000,000.00
Apartment (1 bedroom) Outside of Centre 650,000.00 ₮ 400,000.00-1,200,000.00
Apartment (3 bedrooms) in City Centre 2,571,428.57 ₮ 2,000,000.00-3,500,000.00
Apartment (3 bedrooms) Outside of Centre 1,700,000.00 ₮ 1,200,000.00-2,800,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 462,188.78 ₮ 371,609.07-650,315.87
Price per Square Feet to Buy Apartment Outside of Centre 235,739.50 ₮ 185,804.53-325,157.93
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,087,500.00 ₮
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 8.29 6.00-16.00

These data are based on 90 entries in the past 18 months from 13 different contributors.
Last update: March 2023

Sources and References
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