Housing Price and Stock Index

According to Mongolbank, as of May of 2017, the housing price index has decreased by 4.7% compared to the previous year. From December of 2014 for consecutive 29 months, the housing price index has been decreasing compared to the same period of the previous year. However, the rate of fall has decreased by 2.4 times compared to the previous year.

Figure 1: Housing Price Index

The stock index is related closely to the economic situation. Figure 2 shows the change in the TOP-20 stock index of Mongolia since January of 2017. The stock index has reached its bottom by falling 39% during the economic downturn of 2009. However, currently, the stock index has fallen by 55.9% from its highest level of 28999.3 (Feb. 2011) and by 40.6% from its next highest level of 215227.6 (Mar. 2012).

Figure 2: TOP-20