North Korea’s soaring real estate prices stem from wild swings in the won-to-dollar exchange rate, creating a market where prices climb but sales stagnate. “Housing prices in Hyesan have jumped 20-30% from last year. But while prices keep rising, that doesn’t mean more houses are actually selling,” a source in North Korea’s Ryanggang province told Daily NK recently. The surge in housing costs…
August 29, 2025 at 07:15AM
by DailyNK(North Korean Media)