Following is the public report of the December 2017 results of the “Housing Price Index” (HPI) research conducted independently by Tenkhle gZuuch LLC at the request of Mongol Bank.
The research shows that the general index of housing price was 1.013 in December 2017. It shows a growth by 1.3 percent in January 2013. 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.
The old house price index was at 0.912. This shows a decline by 8.80 percent in January 2013. 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.
Research Division, Tenkhleg Zuuch LLC.
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