Real estate sale have slumped by 50%.

Nov 11 • Business, Companies, Economy, News, Real Estate • 1004 Views • 1 Comment on Real estate sale have slumped by 50%.

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Real estate exhibition has opened its door at the National park of IT. There are about 20 companies taking part in this exhibition. As Commercial Banks have stopped housing loan, the sales of properties have dropped by 50%.  The average price of an apartment in the market is costing around $750 per square meter and the upper class apartments are costing around $800-900 per square meter. Some companies went bankrupt as sales of properties are slumping. Generally, Construction companies are facing real survival situation. During the exhibition housing soft loan will be granted to the interested guests and visitors.

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One Response to Real estate sale have slumped by 50%.

  1. IKNOW says:

    this is very bad news for foreign investors! people who already spent to mongolian real estate are losing millions, i wonder what was their exit plan.

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