Property for sale in Mongolia

Is the capital and largest city of Mongolia. The city is an independent municipality not part of any province, and its population as of 2008 is just over 1 million. Get more information on property for sale in Ulan Bator.

Is a landlocked country in East and Central Asia. It borders Russia to the north and People's Republic of China to the south, east and west. Although Mongolia does not share a border with Kazakhstan, its western-most point is only a few miles from Kazakhstan's eastern tip.

Over the past few years, Mongolia has opened up to foreign investments, every year more companies, funds and individuals invest in what is becoming Asia's fastest growing democracy.

With a healthy economy and expanding wealth inside the country, Mongolia is rapidly becoming an investor’s “hot spot” in the global arena. Much of this potential wealth arises from an ideal mixture of supply and demand. An incredibly high demand for city housing – primarily in the capital of Ulaan Baatar – combined with a shortage of land supply in the prime city areas creates the ideal investment return.

One concern for foreign property owners, taxes, is discounted by the surprisingly low taxes placed on property owners in Mongolia. There are no property capital gains tax and no withholding tax. Real estate purchase costs are hardly noticeable. Freehold ownership is practiced in Mongolia, meaning the purchaser owns not only the property, but also the land it stands upon. This results in making an investor’s ownership rights not only the highest, but also the most secure. With no restrictions on foreign property owners, an investor is free to do nearly anything, whether it be pledging, selling, or leasing the property.

2008 was an extraordinary year of capital appreciation and rising prices – and the smart money is betting that 2009 may be just as spectacular.

Mongolia may seem an unlikely property investment destination, but the remote land-locked country is in the middle of a mining boom, with enormously rich mineral resources of copper, coal, and gold.