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Index of housing price expectation is calculated based on the consumers’ perception on housing price change in the next year. This index takes 1 if consumer expects housing price to increase and -1 if consumer expects the price to decrease. Since the 4th quarter of 2014, consumers have been expecting a fall in the price.
In the fourth quarter of 2017, CCI in Ulaanbaatar was 83. The Current Situation Index was 36 and the Expectation Index was 114. Consumers in rural areas are less optimistic than in Ulaanbaatar with CCI of 67. In particular, in the western and eastern regions consumer confidence is the lowest at 65 and 63 respectively.