Even though all the houses legally belong to North Korean regime and people in North Korea are only allowed to live temporarily as long as North Korean regime permits, in reality, many North Korean people sell and buy houses.
The real estate market is so active that many people sell or purchase houses. Especially houses in Pyongyang are in very high demand and their price is also very high.
I do not think houses built in North Korea are not safe to live in very long because they are lack in sufficient concrete and reinforcing steel bars. I think they should be rebuilt after the unification of Korea.
Some rich North Korean people buy and build many houses as an investment. North Korean regime allows such investment to collect tax from them.
No comments:
Post a Comment