Ulaanbaatar
Housing Price Index of November, 2017
Economy
Ulaanbaatar /MONTSAME/ In November “Housing Price Index” (HPI) increased by 0.16 percent compared to the previous month. The general index increased by 0.24 per cent against the same month of previous year. Below are the Price index indicators classified by new and old houses. TenkhlegZuuch LLC conducts independently “Housing Price Index” (HPI) research at the request of Mongol Bank and the company presented the public report of the November 2017 results.
The new house price index was at 1.16. This shows a growth by 0.20 percent compared to the previous month. The index increased by 1,26% compared to the same month of previous year.
| Indicators | General | New houses | Old houses | |
| Index | 1,01 | 1,16 | 0,92 | |
| Index change /starting period -2013.01/ | 1,06% | 16,01% | -8,55% | |
| Compared to previous year | 0,16% | 0,20% | 0,47% | |
| Compared to the beginning of the year | 0,13% | 0,43% | -0,88% | |
| Compared to the same month in previous year | 0,24% | 0,26% | -0,50% | |
HPI was calculated by applying Hedonic regression methods and the calculation was based on the information available for 4881 old and new houses supplied for sale at the real estate market of Ulaanbaatar for the particular month.
Source: Bank of Mongolia
