Amidst discussions of Mongolian recovery, questions arise as to its implications for the luxury real estate market. Standing next to the Zaisan Monument, overlooking Ulaanbaatar, a casual observer could be forgiven for thinking there is a flurry of activity - perhaps even oversupply. But in this city where explosive growth gave way to recession, most schemes stand little chance of completion, at least in the meantime. The debt market - known for cripplingly high interest rates - has arrested development, placing a premium on newly completed stock in the city centre.
Mongolian Properties is the oldest, largest, and most reputable Mongolian real estate agent. We are a real estate intermedeiary and advisory firm offering agency, representation, property, management, property valuations, interior design, furnishing and financial intermediation services.