Correlated indicators are grouped into capped evidence families, so several versions of one dataset cannot overwhelm the result. Every observation retains its official source and reporting period.
Prices & affordability
Housing price momentum
Three-month change in the official hedonic housing price index. Falling momentum is evidence that the market is turning down.National Statistics Office of Mongolia · reporting period 2026-07-01
-1.40% over 3 months
High risk97.5 / 100
Housing price growth
Annual growth in the official hedonic housing price index. Unusually rapid appreciation can create vulnerability before prices turn.National Statistics Office of Mongolia · reporting period 2026-07-01
6.02% year over year
Not scored31 / 36 observations
New-apartment price growth
Annual change in the average price per square metre of new apartments across Ulaanbaatar's central six districts.National Statistics Office of Mongolia · reporting period 2026-07-01
1.50% year over year
Low risk2.4 / 100
District price-decline breadth
Share of Ulaanbaatar's central six districts where old-apartment prices fell over three months. Broad declines are more concerning than one weak district.National Statistics Office of Mongolia · reporting period 2026-07-01
100.00% of six districts
High risk100.0 / 100
Housing price-to-income index
Housing price index divided by Ulaanbaatar's average wage and normalized to the first common quarter. Rising values indicate deteriorating affordability.Calculated from National Statistics Office series · reporting period 2026-06-01
92.93index, first common quarter = 100
Medium risk50.0 / 100
Transactions & demand
Mortgage account growth
Annual growth in the number of individual mortgage accounts. Weak or negative growth suggests fading financed demand.National Statistics Office / Bank of Mongolia · reporting period 2026-06-01
7.48% year over year
Medium risk47.6 / 100
Mortgage share of individual credit
Outstanding mortgages divided by total loans to individuals. A larger share concentrates household and bank exposure in housing collateral.Calculated from National Statistics Office series · reporting period 2026-06-01
42.75% of individual credit
Low risk8.1 / 100
Credit conditions
Mortgage credit growth
Annual mortgage-credit growth viewed as a turning signal. A sharp slowdown can indicate tighter credit or weaker demand.National Statistics Office / Bank of Mongolia · reporting period 2026-06-01
18.77% year over year
Medium risk47.1 / 100
Rapid mortgage credit growth
The same official mortgage balance viewed as a build-up indicator. Unusually rapid growth can increase leverage before a downturn.National Statistics Office / Bank of Mongolia · reporting period 2026-06-01
18.77% year over year
Medium risk52.9 / 100
Total individual credit growth
Annual growth in all outstanding loans to individuals. Rapid household-credit expansion can amplify housing-market losses.National Statistics Office / Bank of Mongolia · reporting period 2026-06-01
17.01% year over year
Medium risk41.1 / 100
Consumer credit growth
Annual growth in consumer loans. It shares a capped household-leverage family with total individual credit so it cannot receive a separate full vote.National Statistics Office / Bank of Mongolia · reporting period 2026-06-01
8.16% year over year
Low risk24.1 / 100
Real-estate lending rate
Weighted rate on newly issued loans to real-estate activities. The verified official table code is 26; higher costs increase refinancing and affordability pressure.National Statistics Office / Bank of Mongolia · reporting period 2026-06-01
Principal in arrears divided by total loans. Arrears can deteriorate before loans enter the non-performing category; both remain in one capped family.National Statistics Office / Bank of Mongolia · reporting period 2026-06-01
2.49% of loans
Low risk23.5 / 100
Bank capital-to-assets ratio
Aggregate capital accounts divided by total assets. This is a leverage buffer, not the regulatory risk-weighted capital ratio.National Statistics Office / Bank of Mongolia · reporting period 2026-06-01
8.90% of assets
High risk67.0 / 100
Bank claims-to-deposit ratio
Total bank claims divided by demand deposits plus quasi-money. A high ratio indicates a more stretched deposit-funded balance sheet.National Statistics Office / Bank of Mongolia · reporting period 2026-06-01
Reserves plus central-bank bills divided by demand deposits and quasi-money. It is an aggregate liquidity proxy, not the regulatory LCR.National Statistics Office / Bank of Mongolia · reporting period 2026-06-01
53.65%
Low risk1.1 / 100
Net foreign funding exposure
Foreign and long-term foreign liabilities less foreign assets, divided by total bank assets. This avoids treating matched foreign assets and liabilities as an unhedged exposure.National Statistics Office / Bank of Mongolia · reporting period 2026-06-01
14.04% of assets
High risk98.5 / 100
Listed-bank NPL ratio
Non-performing loans divided by total loans across the listed-bank panel. The panel is reported separately and shares the asset-quality family with the official system aggregate.Mongolian Stock Exchange · reporting period 2026-06-01
3.77% of loans
Not scored8 / 12 observations
Listed-bank equity-to-assets ratio
Total reported equity divided by total assets across the listed-bank panel. This is an accounting leverage measure, not regulatory risk-weighted capital adequacy.Mongolian Stock Exchange · reporting period 2026-06-01
9.63% of assets
Not scored8 / 12 observations
Listed-bank loans-to-customer-funding ratio
Total loans divided by current accounts plus deposits across the listed-bank panel. It corroborates aggregate funding stretch without receiving a separate family vote.Mongolian Stock Exchange · reporting period 2026-06-01
89.06%
Not scored8 / 12 observations
Construction & supply
National residential construction growth
Annual change in cumulative residential construction work nationally. Contraction signals weakening developer activity and financing conditions.National Statistics Office of Mongolia · reporting period 2026-03-01
60.07% year over year
Low risk26.2 / 100
Ulaanbaatar residential construction growth
Annual growth in cumulative residential construction work in Ulaanbaatar. Rapid expansion can increase future supply pressure if demand weakens.National Statistics Office of Mongolia · reporting period 2026-03-01
67.86% year over year
High risk91.3 / 100
External economy
Tögrög depreciation against USD
Annual change in the end-period USD/MNT rate. Faster depreciation can tighten imported-input costs and foreign-currency balance sheets.National Statistics Office / Bank of Mongolia · reporting period 2026-06-01
-0.03% year over year
Low risk24.4 / 100
Real effective exchange-rate appreciation
Annual change in Mongolia's real effective exchange-rate index. Strong appreciation can erode competitiveness before external conditions turn.National Statistics Office / Bank of Mongolia · reporting period 2026-03-01
-1.98% year over year
Low risk30.7 / 100
Twelve-month current-account balance
Rolling twelve-month current-account balance. Persistent deficits can leave Mongolia and its banks more exposed to external financing shocks.National Statistics Office / Bank of Mongolia · reporting period 2026-05-01
-649.20million USD over 12 months
Low risk16.2 / 100
Economic growth momentum
Official monthly indicator of economic growth relative to the same period a year earlier. Weak activity reduces income and housing demand.National Statistics Office of Mongolia · reporting period 2026-05-01
7.32% year over year
Low risk20.0 / 100
Consumer price inflation
Annual change in the headline consumer price index. High inflation erodes real household income and can keep financing conditions tight.National Statistics Office of Mongolia · reporting period 2026-07-01
