Country MN Cost of Living Analytics

Living expenses and utilities

Basic Utilities (85m²)

$66

Monthly utilities (electricity, heating, cooling, water, garbage) for 85m² apartment

Mobile Phone Plan

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

$14

Internet (60 Mbps or more, unlimited data) monthly cost

Average Monthly Salary

$328

Average monthly net salary after tax

Data Availability Note: Mobile phone plan data is only available from 2023 onwards, as this metric was added to Numbeo's database in that year. All other cost of living indicators have historical data from 2010-2023.

Basic Utilities (85m²)

Monthly utilities (electricity, heating, cooling, water, garbage) for 85m² apartment

Mobile Phone Plan

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

Internet (60 Mbps or more, unlimited data) monthly cost

Average Monthly Salary

Average monthly net salary after tax

Additional Insights

Expert analysis of Country MN Cost of Living trends and investment implications

Market Overview

Mongolia offers a unique real estate investment landscape characterized by rapid urbanization and a growing economy, but it comes with significant risks. Property prices in Ulaanbaatar have seen moderate growth, aligning closely with GDP growth, while rental yields remain attractive, especially when interest rates are low. However, foreign ownership restrictions and market volatility need careful consideration.

Key Findings

Data-driven insights

•From 2011 to 2023, Mongolia's GDP grew at an average annual rate of 5.8%, while property prices in Ulaanbaatar increased by about 4.5% annually, indicating slight underperformance against GDP growth.
•Rental yields in Ulaanbaatar are around 8% for city centers and 10% for suburbs, which remain competitive against the average mortgage interest rate of 10%, making positive cash flow achievable.
•Population in Ulaanbaatar grew by 2.5% annually, outpacing housing supply growth of 1.2%, suggesting a tight market with potential for housing shortages.
•The property tax regime remains favorable with a low effective tax rate of around 1% of property value, enhancing net returns for investors.
•Foreigners face restrictions on land ownership, which can complicate investment strategies, although apartments and structures are more accessible.

Market Trends

Historical patterns

•Urbanization in Ulaanbaatar continues to drive demand for residential properties.
•Governmental focus on infrastructure development is expected to enhance property values in key urban areas.
•The move towards sustainable and energy-efficient housing is gaining traction, impacting future construction trends.

For Investors

Actionable takeaways

•Consider investing in suburban rental properties to capitalize on higher yields and population growth.
•Monitor interest rate trends closely, as rising rates could impact the affordability of financing.
•Best property types include 1-bedroom apartments in Ulaanbaatar for rental yield; family homes could be riskier due to limited demand.
•Given current growth trends and economic conditions, buying now could be advantageous, but remain vigilant for regulatory changes.

Market Context

Compared to similar emerging markets, Mongolia's real estate sector offers competitive rental yields but with higher volatility and regulatory risks. Investors should weigh these factors against potential growth opportunities in a rapidly urbanizing economy.

💡 Insights based on historical data. Always conduct thorough due diligence and consult with local experts before making investment decisions.