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Housing price index in Ulaanbaatar - Nov, 2017 www.mongolbank.mn
Following is the public report of the November 2017 results of the “Housing Price Index” (HPI) research conducted independently by TenkhlegZuuch LLC at the request of Mongol Bank.
The research shows that the general index of housing price was 1.01 in November 2017. It shows a growth by 1.1 percent in January 2013. The index increased by 0.16 percent compared to the previous month. The general index increased by 0.24% compared to the same month in previous year. Below are the Price index indicators classified by new and old houses.
The new house price index was at 1.16. This shows a growth by 0.20 percent compared to the previous month. The index increased by 1,26% compared to the same month in previous year.
The old house price index was at 0.92. This shows a decline by 8.55 percent in January 2013. The index increased by 0.47 percent compared to the previous month, and dropped by 0.50% compared to the same month in previous year.
HPI was calculated by applying Hedonic regression methods and the calculation was based on the information available for 4881 old and new houses supplied for sale at the real estate market of Ulaanbaatar for the particular month.
Published Date:2017-12-15
