Property for sale in Ulan Bator

Most people’s idea of Mongolia’s property market might be felt-covered yurts on the steppe. But now the remote Asian country has turned into the latest unlikely magnet for cash-rich British homebuyers in search of a new booming frontier. Get more information on property for sale in Mongolia.

Views on the Ulan Bator real estate :

They have been snapping up flats in Ulan Bator, the capital, to rent out to expat businessmen in the hope that their investment will appreciate by at least 20% a year.

Real estate specialists  anticipate that the rental income will bring an annual 20% of what it is  paid for a property for sale in Ulan Bator in addition to the 20% annual capital growth.

Most of Ulan Bator consists of grim communist-era concrete blocks rather than yurts, but demand for property for sale is being driven by western businessmen.

Is a severe shortage of quality housing. Ulan Bator is a Soviet-era city, ugly, badly planned. Accommodation is badly maintained, unattractive, and unsafe, and it is hard to convince expatriates to work in Ulan Bator.
This has provided an opportunity for a few companies which are building modern high-quality condominium buildings.