Factors affecting the apartment pricing in Mongolia

Abstract

According to this final project, we have examined the factors affecting the apartment pricing in Mongolia based on the data of 136 economic time series which is of vital importance to the increase of apartment price per square meter. The series represent the four main factors of macroeconomic time series from demand side: Monthly income of one household, Inflation in construction, Interest rate, Unemployment rate from January 2009 and April 2020. We have found that these four main factors affect Apartment price significantly due to the Least Squares Method, the linear regression model which is broadly used in academic field. Specifically, the estimated factors were highly correlated to Apartment price according to covariance and correlation analysis.