United Kingdom
United States
Asia Pacific
Get your money into Mongolia
ULAN BATOR: A UK property company is tipping Mongolia as the new “hot” destination for foreign-property buyers.
Property Frontiers (www.propertyfrontiers.com), which specialises in next-big-thing destinations such as Belize and Ras al-Khaimah in the UAE, claims that Ulan Bator, the Soviet-shaped capital, offers the highest rental yields in Asia (20% or more) and good prospects of capital gain.
A three-bedroomed apartment close to all amenities like the Children’s Park and Peace Bridge is likely to set you back about US$140,000.
The company says a shortage of suitable accommodation for foreigners pouring in to develop Mongolia’s vast mineral reserves makes for a good rental market.
There are also plans for a casino in Ulan Bator.
According to Wikpedia, Ulan Bator consists of a central district built in Soviet 1940s and 1950s-style architecture, surrounded by and mingled with residential concrete tower blocks.
So what are you waiting for?
Ian Jarrett
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Boy falls to death on cruise ship
Turkish Airlines flight in emergency landing after pilot dies
Unexpected wave rocks cruise ship
Woman dies after going overboard in English Channel