Mongol Bank has introduced a price index of apartments. The price index for apartments was prepared by Tenkhleg Zuuch at the request of Mongol Bank.

The study was carried out independently, and as of February of this year, the price index for apartments – using a base period starting in January 2013 – shows an increase of 17.3 percent. However, since January of this year prices have decreases by 0.5 percent, which means that in comparison with the first quarter of last year, the price index decreased by 1.4 percent, and in comparison with the same period of last year it decreased by 5.06 percent.

This shows that price index of apartments in Ulaanbaatar has continuously decreased over the last 7 months.

The price index of apartments was calculated according to the Hedonic regression method, and this calculation includes information regarding all new and old apartments which have been supplied to the immovable property market for trade and sale.