- In the last 10 months, housing sales are in constant decline -
"Tenkhleg Zuuch" company conducted research on "House Price Index as of May 2015" by the order of Bank of Mongolia and the research was introduced by the CEO of "Tenkhleg Zuuch" B.Batzorig. House Price Index was estimated by collecting information of 4,538 old and new housings.
House Price Index as of May 2015 is at 16.8 percent which increased by 0.2 percent compared with the previous month. However, decreased by -1.8 percent comparing to the beginning of the 2015 and decreased by -5.4 percent comparing to the same period of the last year.
New housing price index is amounted at 26.7 percent which dropped by -0.4 percent comparing with the previous month. However, decreased by -0.03 percent comparing with beginning of the 2015 and increased by 0.5 percent comparing with the same period of the last year.
Old housing price index is amounted at 10.0 percent which dropped by -0,6 percent compared with the previous month, -5.3 percent comparing to the beginning of the 2015, -9.8 percent compared with the same period of the last year.
Researcher and lecturer of National University of Mongolia D.Byambasuren stated that although prices for new and old housing are decreasing, total House Price Index has raised. However, 0.2 percent, -0.4 percent, -0.6 percent is very small which can be considered as no change.
Moreover, number of housing supply to the market is stable, sales for housing and purchasing power of residents both have decreased, reported by the CEO of "Tenkhleg Zuuch" LLC.
- As of May 2015, housing sales was decreased by 27 percent compared with same period of the last year.
- As of April 2015, about 950 old housings were traded and it has dropped to 850 housings in May which is a 19 percent decrease comparing to the same period of the last year.
- Disstressed construction of new housings is seven times higher than the same period of the last year.
- In the last 10 months, housing sales are in constant decline -
"Tenkhleg Zuuch" company conducted research on "House Price Index as of May 2015" by the order of Bank of Mongolia and the research was introduced by the CEO of "Tenkhleg Zuuch" B.Batzorig. House Price Index was estimated by collecting information of 4,538 old and new housings.
House Price Index as of May 2015 is at 16.8 percent which increased by 0.2 percent compared with the previous month. However, decreased by -1.8 percent comparing to the beginning of the 2015 and decreased by -5.4 percent comparing to the same period of the last year.
New housing price index is amounted at 26.7 percent which dropped by -0.4 percent comparing with the previous month. However, decreased by -0.03 percent comparing with beginning of the 2015 and increased by 0.5 percent comparing with the same period of the last year.
Old housing price index is amounted at 10.0 percent which dropped by -0,6 percent compared with the previous month, -5.3 percent comparing to the beginning of the 2015, -9.8 percent compared with the same period of the last year.
Researcher and lecturer of National University of Mongolia D.Byambasuren stated that although prices for new and old housing are decreasing, total House Price Index has raised. However, 0.2 percent, -0.4 percent, -0.6 percent is very small which can be considered as no change.
Moreover, number of housing supply to the market is stable, sales for housing and purchasing power of residents both have decreased, reported by the CEO of "Tenkhleg Zuuch" LLC.
- As of May 2015, housing sales was decreased by 27 percent compared with same period of the last year.
- As of April 2015, about 950 old housings were traded and it has dropped to 850 housings in May which is a 19 percent decrease comparing to the same period of the last year.
- Disstressed construction of new housings is seven times higher than the same period of the last year.