General Assessment
| Variable | (2017) |
|---|---|
| Data | |
| Main constraints in the development of the housing finance sector | Decrease in public purchasing power/ guaranteed income level - (Overall economic downturn has led to decreased borrowers in number and borrowers with guaranteed income). Lack of legal infrastructure/ poor legal procedure (Mongolia has judicial system for the foreclosure up to 30 months) |
| New developments that will have a major impact on the sector | 10,499 people acquired housing loan in 2017, Continuous Issuance of Mortgage-backed-securities, Stabilized housing price, Improved house ownership, Increased housing supply, decreased purchasing power and guaranteed income borrowers |