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Average new house prices in Mongolia's capital up 13.4 pct in July www.xinhuanet.com
The average price per square meter of newly constructed apartments in Mongolia's capital amounted to 4.7 million Mongolian Tugriks (about 1,308 U.S. dollars) at the end of July, up 13.4 percent year on year, government data showed Thursday.
Meanwhile, the average price per square meter for second-hand apartments in Ulan Bator was 4.5 million Mongolian Tugriks (about 1,252 U.S. dollars) in July, reflecting a 15 percent rise from the same period last year, the country's National Statistics Office said.
According to experts, this significant increase is largely related to an increase in per capita real estate demand.
Mongolia is the world's most sparsely populated country. However, housing is one of the most pressing issues in Mongolia, especially in the capital city, home to over half of the country's population of 3.5 million. More than half of Ulan Bator's residents live in the city's ger districts, with no running water, central heating, or sewerage systems.
Published Date:2025-08-14
