Mongolia
What do I need to know when buying property in Mongolia?
When we asked expats what advice they would give a foreigner before buying a property in Mongolia, they said...
"1. It is important to research the local laws and regulations regarding property ownership in Mongolia before making any purchase. 2. It is also important to understand the taxation system in Mongolia and the associated costs of buying property. 3. It is advisable to seek legal advice from a qualified lawyer or real estate agent before making any purchase. 4. It is important to ensure that the property is free from any legal disputes or encumbrances. 5. It is also important to check the title deed of the property to ensure that it is valid and up to date. 6. It is advisable to inspect the property thoroughly before making any purchase. 7. It is important to ensure that the property is in good condition and that all necessary repairs and renovations have been completed. 8. It is also important to consider the location of the property and the surrounding area before making any purchase. 9. It is advisable to obtain a surveyor’s report to ensure that the property is structurally sound. 10. It is important to ensure that all necessary paperwork is in order before making any purchase," wrote a member who made the move to Mongolia.
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- What do I need to know when buying property in Mongolia?
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What do I need to know when buying property in Mongolia?
If you live in Mongolia, newcomers to Mongolia would love to hear your answer to this question:
