Mongolian Real Estate Market Boom

• Over the last years there is a growing pressure on the Mongolian real estate demand.
• Through the Mongolian fast growing economy, wealth of Mongolian people increases, placing demand for properties in Mongolia.
• Many young Mongolians working abroad send back money to Mongolia with the idea of buying themselves properties.
• Bank interest rates went significantly down, offering affordable credits to young families interested in buying a home.
• Mongolia is becoming the future source of resources for the growing Chinese economy and an attractive business partner for international mining companies, increasing the demand for office space.
• Mongolia is a lucrative market for Chinese companies selling Chinese products on the Mongolian market, increasing the demand for retail shops.
• The Mongolian market and the favorable investing conditions in Mongolia attracts in increasing number of small foreign investors, all looking to rent or buy property.
• Each year those foreign companies import a growing numbers of expats, all in need of an accommodation.
• The Mongolian real estate industry has a nascent construction industry with insufficient financing and production capacity.