Property for sale in Mongolia
Mongolia borders China and Russia. It is known for its wide steppes and nomadic culture. In the capital of Ulan Bator is the Chinggis Khaan square (Genghis Khan), the famous founder of the Mongol Empire (between the 13th and 14th centuries). Ulan Bator is located in the valley of the Tuul River, on the border with the Bogd Khan Uul National Park. Initially a Buddhist nomadic centre, it became a permanent settlement in the 18th century. The Soviet occupation in the twentieth century led to a religious purge. The distinctive features of the city as we see it today are Soviet era buildings.
For a good search for a property for sale in Mongolia you have to read our outlook on the real estate market.
The real estate sector in Mongolia has had sporadic successes in 2017, but this year the frontier market could disappear in a territory of positive growth.
In 2018, we expect modest improvements in prices of property for sale in Mongolia, across the board, but primary units in city centres, to start monitoring GDP growth more closely.
Mongolia recorded a 4% GDP growth in 2017, according to data from the Asian Development Bank (ADB). Meanwhile, the most recent general index of price for property for sale in Mongolia increased by 0.34% year-on-year, with new property prices on sale in Mongolia increasing 0.75%.