Housing price index of December, 2017

Economy
Author : E.Altanzul e.altanzul@montsame.gov.mn 2018-01-12 16:39:29
Ulaanbaatar /MONTSAME/ As of December 2017, general index of housing price was 1.013. The index increased by 0.22 percent compared to the previous month. The general index increased by 0.34% compared to the same month in previous year. Below are the Price index indicators classified by new and old houses.

The new house price index was at 1.164. This shows a growth by 0.32 percent compared to the previous month. The index increased by 0.75% compared to the same month in previous year. While the old house price index was at 0.912. The index dropped by 0.28 percent compared to the previous month, and by 1.16% compared to the same month in previous year.
 
Indicators General New houses Old houses
Index 1,013 1,164 0,912
Index change /starting period -2013.01/ 1,28% 16,38% -8,80%
Compared to previous year 0,22% 0,32% -0,28%
Compared to the beginning of the year 0,34% 0,75% -1,16%
Compared to the same month in previous year 0,34% 0,75% -1,16%
 
 
HPI was calculated by applying Hedonic regression methods and the calculation was based on the information available for 4840 old and new houses supplied for sale at the real estate market of Ulaanbaatar for the particular month.
Source: Bank of Mongolia