The average price per square meter for second-hand apartments in Mongolia's capital reached 4.7 million Mongolian Tugriks (1,308 U.S. dollars) in September, up 14.7 percent year-on-year, the National Statistics Office said Tuesday.
Meanwhile, the average price per square meter of newly constructed apartments in Ulan Bator was 4.8 million Mongolian Tugriks (1,335 dollars) in September, reflecting a 13.5 percent rise from the corresponding period last year.
According to experts, the significant increases were largely related to an increase in real estate demand.
Mongolia is the world's most sparsely populated country. However, housing is one of the most pressing issues in Mongolia, especially in Ulan Bator, home to over half of the country's population of 3.5 million. More than half of Mongolia's capital residents live in ger districts, with no running water, central heating, or sewerage systems.

Published Date:2025-10-21