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Falling momentum is treated as near-term market stress."}]},{"slug":"demand","name":"Transactions & demand","score":47.62,"confidence":100.0,"indicators":[{"slug":"mortgage-account-growth","name":"Mortgage account growth","pillar":"demand","unit":"% year over year","value":136.5,"signal_value":7.480315,"score":47.62,"confidence":100.0,"period":"2026-06-01","available_at":"2026-08-14T23:59:59+08:00","history_count":210,"minimum_history":36,"stale":false,"source":{"name":"Outstanding mortgage loans to individuals","agency":"National Statistics Office / Bank of Mongolia","url":"https://data.1212.mn/api/v1/en/NSO/Economy%2C%20environment/Money%20and%20Finance/DT_NSO_0700_027V1.px","status":"ok"},"description":"Annual growth in the number of individual mortgage accounts. Weak or negative growth suggests fading financed demand."}]},{"slug":"credit","name":"Credit conditions","score":57.44,"confidence":100.0,"indicators":[{"slug":"mortgage-credit-growth","name":"Mortgage credit growth","pillar":"credit","unit":"% year over year","value":12324.9,"signal_value":18.767888,"score":47.14,"confidence":100.0,"period":"2026-06-01","available_at":"2026-08-14T23:59:59+08:00","history_count":210,"minimum_history":36,"stale":false,"source":{"name":"Outstanding mortgage loans to individuals","agency":"National Statistics Office / Bank of Mongolia","url":"https://data.1212.mn/api/v1/en/NSO/Economy%2C%20environment/Money%20and%20Finance/DT_NSO_0700_027V1.px","status":"ok"},"description":"Annual growth in outstanding individual mortgage credit. A sharp slowdown can signal tighter credit or weaker demand."},{"slug":"real-estate-loan-rate","name":"Real-estate lending rate","pillar":"credit","unit":"%","value":18.57,"signal_value":18.57,"score":67.74,"confidence":100.0,"period":"2026-06-01","available_at":"2026-08-14T23:59:59+08:00","history_count":124,"minimum_history":36,"stale":false,"source":{"name":"Loan rates by economic activity","agency":"National Statistics Office / Bank of Mongolia","url":"https://data.1212.mn/api/v1/en/NSO/Economy%2C%20environment/Money%20and%20Finance/DT_NSO_0700_018V1.px","status":"ok"},"description":"Weighted rate on newly issued loans to real-estate activities. Higher funding costs increase refinancing and affordability pressure."}]},{"slug":"banks","name":"Bank resilience","score":40.87,"confidence":100.0,"indicators":[{"slug":"bank-npl-ratio","name":"Bank non-performing loan ratio","pillar":"banks","unit":"% of loans","value":4.98093,"signal_value":4.98093,"score":14.69,"confidence":100.0,"period":"2026-06-01","available_at":"2026-08-14T23:59:59+08:00","history_count":354,"minimum_history":36,"stale":false,"source":{"name":"Depository corporations' loans by classification","agency":"National Statistics Office / Bank of Mongolia","url":"https://data.1212.mn/api/v1/en/NSO/Economy%2C%20environment/Money%20and%20Finance/DT_NSO_0700_002V2.px","status":"ok"},"description":"Non-performing loans divided by total outstanding loans for depository corporations. Higher impaired-credit shares weaken bank resilience."},{"slug":"bank-capital-assets-ratio","name":"Bank capital-to-assets ratio","pillar":"banks","unit":"% of assets","value":8.90177,"signal_value":8.90177,"score":67.04,"confidence":100.0,"period":"2026-06-01","available_at":"2026-08-14T23:59:59+08:00","history_count":270,"minimum_history":36,"stale":false,"source":{"name":"Aggregate balance sheet of banks","agency":"National Statistics Office / Bank of Mongolia","url":"https://data.1212.mn/api/v1/en/NSO/Economy%2C%20environment/Money%20and%20Finance/DT_NSO_0700_010V1.px","status":"ok"},"description":"Aggregate bank capital accounts divided by total assets. A thinner capital buffer implies greater vulnerability to losses."}]},{"slug":"supply","name":"Construction & supply","score":26.21,"confidence":100.0,"indicators":[{"slug":"residential-construction-growth","name":"Residential construction growth","pillar":"supply","unit":"% year over year","value":1040014.194,"signal_value":60.065689,"score":26.21,"confidence":100.0,"period":"2026-03-01","available_at":"2026-06-14T23:59:59+08:00","history_count":103,"minimum_history":36,"stale":false,"source":{"name":"Residential construction work","agency":"National Statistics Office of Mongolia","url":"https://data.1212.mn/api/v1/en/NSO/Industry%2C%20service/Construction/DT_NSO_0902_002V1.px","status":"ok"},"description":"Annual change in cumulative residential construction work nationally. Contraction signals weakening developer activity and financing conditions."}]},{"slug":"external","name":"External economy","score":24.36,"confidence":100.0,"indicators":[{"slug":"mnt-depreciation","name":"Tögrög depreciation against USD","pillar":"external","unit":"% year over year","value":3579.97,"signal_value":-0.027088,"score":24.36,"confidence":100.0,"period":"2026-06-01","available_at":"2026-07-30T23:59:59+08:00","history_count":234,"minimum_history":36,"stale":false,"source":{"name":"USD/MNT exchange rate","agency":"National Statistics Office / Bank of Mongolia","url":"https://data.1212.mn/api/v1/en/NSO/Economy%2C%20environment/Money%20and%20Finance/DT_NSO_0700_008V1.px","status":"ok"},"description":"Annual change in the end-period USD/MNT rate. Faster depreciation can tighten imported-input costs and foreign-currency balance sheets."}]}],"status":"Amber","methodology_version":"1.0.0","history":[{"period":"2021-09-01","score":55.88,"confidence":72.92},{"period":"2021-10-01","score":57.79,"confidence":72.92},{"period":"2021-11-01","score":56.64,"confidence":72.92},{"period":"2021-12-01","score":56.21,"confidence":72.92},{"period":"2022-01-01","score":55.62,"confidence":72.92},{"period":"2022-02-01","score":53.77,"confidence":72.92},{"period":"2022-03-01","score":57.6,"confidence":72.92},{"period":"2022-04-01","score":55.92,"confidence":72.92},{"period":"2022-05-01","score":54.74,"confidence":72.92},{"period":"2022-06-01","score":55.59,"confidence":72.92},{"period":"2022-07-01","score":52.93,"confidence":72.92},{"period":"2022-08-01","score":56.72,"confidence":72.92},{"period":"2022-09-01","score":61.86,"confidence":72.92},{"period":"2022-10-01","score":64.78,"confidence":72.92},{"period":"2022-11-01","score":62.25,"confidence":72.92},{"period":"2022-12-01","score":58.94,"confidence":72.92},{"period":"2023-01-01","score":59.59,"confidence":72.92},{"period":"2023-02-01","score":61.03,"confidence":72.92},{"period":"2023-03-01","score":59.06,"confidence":72.92},{"period":"2023-04-01","score":53.9,"confidence":73.21},{"period":"2023-05-01","score":53.69,"confidence":73.5},{"period":"2023-06-01","score":50.17,"confidence":73.78},{"period":"2023-07-01","score":54.69,"confidence":74.08},{"period":"2023-08-01","score":52.38,"confidence":74.37},{"period":"2023-09-01","score":49.11,"confidence":74.65},{"period":"2023-10-01","score":48.97,"confidence":74.94},{"period":"2023-11-01","score":45.24,"confidence":75.23},{"period":"2023-12-01","score":41.14,"confidence":75.53},{"period":"2024-01-01","score":41.66,"confidence":75.81},{"period":"2024-02-01","score":38.98,"confidence":76.1},{"period":"2024-03-01","score":40.73,"confidence":76.39},{"period":"2024-04-01","score":45.22,"confidence":76.68},{"period":"2024-05-01","score":45.0,"confidence":76.97},{"period":"2024-06-01","score":41.99,"confidence":77.26},{"period":"2024-07-01","score":41.8,"confidence":77.55},{"period":"2024-08-01","score":38.18,"confidence":77.83},{"period":"2024-09-01","score":42.42,"confidence":78.13},{"period":"2024-10-01","score":42.57,"confidence":78.42},{"period":"2024-11-01","score":43.87,"confidence":78.71},{"period":"2024-12-01","score":42.29,"confidence":78.99},{"period":"2025-01-01","score":45.05,"confidence":79.28},{"period":"2025-02-01","score":45.92,"confidence":79.58},{"period":"2025-03-01","score":44.98,"confidence":79.86},{"period":"2025-04-01","score":45.09,"confidence":80.15},{"period":"2025-05-01","score":44.63,"confidence":80.44},{"period":"2025-06-01","score":46.25,"confidence":80.73},{"period":"2025-07-01","score":45.28,"confidence":81.02},{"period":"2025-08-01","score":43.86,"confidence":81.31},{"period":"2025-09-01","score":46.79,"confidence":81.6},{"period":"2025-10-01","score":43.64,"confidence":81.88},{"period":"2025-11-01","score":46.45,"confidence":82.18},{"period":"2025-12-01","score":41.78,"confidence":82.47},{"period":"2026-01-01","score":39.93,"confidence":82.76},{"period":"2026-02-01","score":41.29,"confidence":83.04},{"period":"2026-03-01","score":54.06,"confidence":100.0},{"period":"2026-04-01","score":45.98,"confidence":100.0},{"period":"2026-05-01","score":49.23,"confidence":100.0},{"period":"2026-06-01","score":46.0,"confidence":100.0},{"period":"2026-07-01","score":56.96,"confidence":81.25},{"period":"2026-08-01","score":56.96,"confidence":56.25}],"publication_id":1,"revision":1,"published_at":"2026-08-23T10:47:04.841+08:00","source_page":"https://mongolia-housing.robertritz.com/sources"}