ULAANBAATAR (GoGo Mongolia) - The housing price index of 6 central districts of Ulaanbaatar observed a decline by 1.2% if compared to third quarter of 2016 and by 0.3% from the preceding quarter of 2017, respectively. 

Most depreciation is recorded in Bayangol and Songinokhairkhan districts at 1.6% and 1.5%, respectively from a year ago. Subsequent decline goes to Khan-Uul Chingeltei and Bayangol districts at 0.3%, Bayangol and Sukhbaatar districts at 0.2%.
The lowest drop is observed in Songinokhairkhan district at 0.5%. 
Below figure shows the housing price index, by percent, in the third quarter of 2017, by central 6 districts of Ulaanbaatar, compared with the same period of previous year. 
In reference period, housing price index for apartments built before 1970's dropped in all 6 central districts from 0.4% to 2.2%.
For apartments built during 1970's to 2001 this figure is by 0.6%-1.8% and for apartments built after 2001 by 0.4%-1.0% compared with same period of 2016, respectively.
If compared to preceding quarter, housing price index for apartments built before 1970's stays without a change in Sukhbaatar district, however decreasing in remaining districts from 0.3% to 0.6%.
Housing price index for apartments built 1970's-2001 unchanged in Bayanzurkh district, however, decreased in other 5 districts from 0.1% to 0.5% and for apartments built after 2001 decreased in central 6 districts by 0.1%-0.3% compared with previous quarter.

Published Date:2017-10-18