Renting real estate in a frontier property market like Ulaanbaatar, Mongolia requires certain stages that one should be aware of. This ensures that the rental process is smooth, easy and painless for both the lessor and the lessee. In this article we look at the different stages and how to go about them.
Purchasing real estate in a frontier property market like Ulaanbaatar requires certain steps that one as an investor should be familiar with. This ensures that the buying process is smooth, safe and hassle-free. In this article we look at the steps involved and how to go about them.
Mongolian Properties provides property tour services to clients with an intent to expose them to the real estate market conditions on the ground. The tour is dedicated to everyone from individual who is seeking to rent or buy a property or to people who are in town for a short period of time and wants to understand the city and the properties offered in Ulaanbaatar city.
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 has been lucky to support investors from all over the world, who want to benefit from Mongolia's exciting economic story. We recently caught up with Dan Smith from the UK, who was an early investor in Ulaanbaatar, and who says he could be back for more.
Proximity to parks and green spaces has long been associated with increased property prices. Such spaces are determined by economists to have “hedonic value”. An early example of appreciation of the value of land surrounding green space is Regents’ Park. Constructed in London in the early 1800s with residences both inside and surrounding it, the park’s planners aimed to raise funds for the royal family by selling the park-side homes for a premium.
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.