We’ve written about the Mongolian Stock Exchange (MSE) and the remarkable returns it delivered in 2017. Though small and thinly traded, it provides a barometer of investor interest in the country since it is one of the simplest means to gain exposure to the industrial base of the country.
When we write about the potential for rental yields in Ulaanbaatar, we offer point to the large (and growing) expat community. Our narrative is that foreigners seek prime units, and though there has been no shortage of new commissions, there is a lack of actual delivery. These people, often transient, work in specialist roles, and have large housing packages, underpinned by even larger corporates.
Mongolia is a fantastic place to invest in property as a foreigner. The regulatory framework on title and property rights, combined with a great tax policy and no exchange controls, make Mongolia one of the best destinations in Asia for property ownership.
The World Travel & Tourism Council has predicted Mongolia’s tourist industry can expect sustained growth until 2027. It predicts the GDP contribution from the travel and tourism industry will rise 5.3% this year, with numbers of tourists projected to rise 9.1%. American Express has noted a sharp increase in bookings for Mongolia travel in 2017, projected to rise to 620,000 in 2025, all encouraging figures for the development of Mongolia’s hospitality industry.
Mongolia is famous for many things, and being a hotspot of construction activity is not among them - but perhaps it should be. Thanks to a booming economy, the country is developing at a rate of knots. Building finds out why it’s well worth braving the cold.
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.
