Property for sale in North Korea
North Korea is an East Asian state.
It borders to the north with China, with Russia, while to the south the Korean demilitarized zone at the 38th parallel separates it from South Korea.
To know the real estate market in the country and if you are interested in buying property for sale in North Korea it is important to know that in recent years the gap between city and countryside has widened. The economic growth that has been affecting North Korea for a decade now is favoring the frenetic development of urban centers.
Despite the accelerated development of the country, the isolation to which they are relegated by US imperialist policy does not allow the distribution of well-being in a uniform and fast way. Although sometimes this theory is an excuse to hide other internal problems in the country.
Kim Jong Il has favored the development of a new social class called donju, that is, the lords of money. They represent the middle class of the country and are present in many North Korean cities.
In the last two years the cities of North Korea have seen the construction activities multiply both in quantity, but above all in quality.
The problem for those who want to buy property for sale in North Korea is that private property doesn't exist and only the premises can buy it. The prices of an apartment in the Chung-guyok district in Pyongyang are around € 150,000, but the costs vary depending on the requests and the floor where the accommodation is located. Prices in other cities are between 20% and 40% lower. Pyongyang and Sinuiju are two of the cities with the best real estate market and a wide offer of properties for sale in North Korea.
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