Mongolia is an attractive location for those investors looking to buy property in an emerging market, it has been claimed. According to Emma Holifield, PR and marketing executive at Property Frontiers, the capital city Ulaanbaatar represents a particularly good opportunity for property investors as it offers an "extremely lucrative" market. She said that this is because Mongolia is set to see significant economic growth in the coming years, adding that increased domestic wealth is fuelling investment in the country's property market. Ms Holifield commented: "The property market in Ulaanbaatar is … extremely lucrative. Rapidly appreciating land values and increasing salaries have pushed up rents meaning yields currently sit at around 13 per cent. "What is more, falling interest rates as the economy explodes mean real estate growth currently stands at 20 per cent plus per annum." According to a recent report from the Association of International Property Professionals (AIPP), emerging markets attract between 30 to 35 per cent of the money invested in foreign property.
08-09-2008 13:28 Sakura Property
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