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Ulan Bator

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Asia's unlikely hotspot - 13 June 2007

An economic boom, rental yields of up to 20 per cent, high levels of investment from foreign companies, a rapidly developing tourist industry, and positioned in between two future global economic powerhouses – the ingredients are all there for the perfect spot for investing in an overseas property that will pay for itself quickly.

The location? Mongolia. Strange as it may seem, Mongolia is being promoted as one of the best places for investment property, and one with real potential to out-perform the emerging markets of Eastern Europe. Property investment specialists Property Frontiers have marked the country out as a significant opportunity, and have sold out their first development in the capital, Ulan Bator.

The country is developing quickly – a parliamentary democracy is now in place, Ulan Bator is a bustling, modern city, and it became a member of the World Trade Organisation in 1997. The growth of the GDP has averaged over seven per cent for each of the past five years – a figure any country would be jealous of – low taxes and purchase costs; and being situated between Russia and China, the economic and political outlook for your investment is positive.

Property Frontiers’ Judi Williams comments, “Mongolia has huge potential, with copper and iron ore reserves that feed the market in China. In addition, there is a limited supply of high-quality property for rent in the capital, which means we now have a waiting list for our next development launching in September.”

Flights from London to Ulan Bator start from around £500 return, if you book well in advance and are prepared to make the gruelling trip, often flying via China or Russia.

 

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