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.