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Mongolia Property Investment For Sale

 

"Mongolia is a country whose fiscal future is set to flourish"

 

The second largest landlocked country in the world, Mongolia is wedged between the two superpowers of Russia and China and due to its rugged terrain and punishingly cold winters is the least densely populated independent country on the globe.

With a colourful history dating back from its most famous adventurer and warrior, Gengis Khaan, Mongolia has moved a long way from the images of nomadic animal skin clad tribes traversing the lands on horseback.

Mongolia is no longer controlled by a communist regime and is quickly turning into a healthy democracy which is experiencing an economic boom and a rapidly developing tourism industry based around the thriving capital of Ulaan Baatar.  It is not tourism however that has turned around the economy of Mongolia but the abundance of natural resources, minerals and ores including coal, molybdenum, tin tungsten, gold and copper (Mongolia has the largest copper mine in the world).  As a result of this wealth of treasures, the world’s largest mining companies have set up headquarters in the capital and a huge construction industry has sprung up. 

With 50% of the local population still living in yurts, the demand for modern accommodation is increasing day by day as the population grows wealthier.

Country Guide

Geography

Mongolia is the world's second-largest landlocked country after Kazakhstan and is typically classified as East Asian although it is sometimes considered part of Central Asia, whilst the northern rim of historical Mongolia extends into North Asia. It is bordered by Russia to the north and China to the south. Mongolia is also the most sparsely populated independent country in the world with very little arable land as most of the country is covered by steppes, large mountain ranges and the Gobi Desert to the south.  

Government

Mongolia's government is of a mixed parliamentary and presidential style with a President and Prime Minister. On July 11th Mongolians celebrate their Independence or Revolution Day.

Language

The official language of Mongolia is Khalkha Mongolian, which is spoken by 90% of the population. A variety of different dialects are spoken across the country, though English is now replacing Russian as the second language.

Standard of Living

There is a growing discrepancy between the nomadic peoples who live on the plains of Mongolia in tent-like accommodation and those who are migrating to the built up urban areas. Infrastructure is improving although is still nowhere near Western standards. Health conditions in Mongolia are satisfactory although local standards of hygiene are low, medicine and medical supplies are in short supply and hospital hygiene is of a standard far below international expectations.

Country Economy

Since the beginning of the 21st century, the Mongolian economy has undergone major structural changes. The old centrally planned economic system has been abolished and measures have been taken towards privatisation, price and trade liberalisation, banking reform, and a general opening up of the economy. As a result, Mongolia is currently experiencing an economic boom and a rapidly developing tourism industry.

The Mongolian economy has suffered a series of setbacks due to a combination of communist interference from both the People's Republic of China and the former USSR, natural disasters and the knock-on effects of the international financial crises. However, Mongolia has weathered these storms and has a rapidly developing economy to show for it.  

Having traditionally been an economy based on agriculture, the more recent discoveries of mineral deposits have led to a huge rush to extract them by some of the world's leading mining companies. As a result, mining is now a key industry accounting for the vast majority of the country's exports. 

Key industries:

Mongolia has  an abundance of natural resources, minerals and ores including coal, molybdenum, tin tungsten, gold and copper (Mongolia has the largest copper mine in the world).  However about 30% of households still make a living from breading livestock so apparel, animal products, cashmere, wool and hides do also contribute to the economy as does tourism.

 

 

Hotspots

Ulaanbaatar

The capital and largest city is home to about 45% of the population.  Given that a good 30% of the population are nomadic the remaining towns are very small.

With the recent influx of mining executives and the migration of locals from traditional ger settlements into medium grade apartments, the capital Ulaan Baatar currently offers the best investment opportunities in Mongolia. 
 

Watch / Listen

Invest in a shopping mall in Mongolia

Watch this exclusive interview with our award-winning developer partner, Will Tindall, Business Development Director at APIP, to discover how you can enjoy double-digit yields and capital growth by investing in a brand new retail unit in the Mongolian capital.

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