Factors influencing house pricing in Mongolia

Abstract

In recent years, people moving to urban areas have increased the demand for housing,

accelerated urbanization, and expanded ger districts without planning or regulation accounting for

more than 60 percent of the Capital City. This shows how much the housing market, the real estate

and construction sectors can grow further. However, in recent years, the rapid rise in housing prices

has attracted the attention of policy makers and researchers. Some researchers explained this rise

in housing prices in connection with the impact of projects and programs implemented in the sector

in recent years, while others have argued that there is a lack of supply of apartments that are in

compliance with people's purchasing power.