Mention Mongolia and it evokes romantic visions of another era.
Far removed from the 21st century, one imagines a
sprawling empire where natives traverse the lands on horseback,
clad in animal skins. Mongolia is, after all, probably best known
by its great grandfather, the famous adventurer and warrior Gengis
Khaan.
Located between two of the global economic
superpowers of the future, Russia and China, Mongolia is the second
largest landlocked and least densely populated independent country
in the world. Home to a striking terrain of mountains, lakes,
deserts and grasslands, the country also enjoys a vibrant capital
city. It is a commodity rich country abundant in natural resources,
minerals and ores including coal, molybdenum, tin tungsten and gold
as well as the largest underdeveloped copper mine in the world.
Upon completion this mine alone is expected to double the GDP of
Mongolia in a very short period of time. In recent years, Mongolia
has seen many high profile mining companies such as BHP, Ivanhoe
Mines and Rio Tinto, relocate operations to its capital in order to
take advantage of these untapped resources.
Today then, Mongolia is a country full of
excitement, hope and energy with a buzzing economy and a tourism
industry that is going from strength to strength. What is
more, the country offers an astonishing opportunity to savvy real
estate investors with an eye for the unusual.
Still in this Chapter
Is this is good place to Buy?
Which type of Property should you go for?
Hotspots
The Purchase Process
Mortgages
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