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Mongolia is experiencing rapid economic development. The country was ranked number one in Citibank 's report for "Top 10 countries GDP growth forecast for 2010-2030". As the development of mining advanced, rich mineral resources were produced and also since the government is aiming for economic growth through the active introduction of foreign capital, the number of foreigners for business is increasing due to these reasons. As housing demand is increasing owing to the economic development, the government is proceeding urban development. Therefore, Mongolia is expected to receive a lot of attention for its real estate in the near future. As of now, generally only Mongolian citizens possess land, but if you attain the right of land-use, foreigners may also own buildings.
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