Pyongyang’s property market is facing tight supply caused by increasing demand, according to recently published work from professor Jung Eun-lee, at Gyungsang university who spent time working in Dandong on the Chinese - North Korean border.
Citing an increasing population and wealth among Pyongyang’s elite, Jung claims that the most expensive property in Pyongyang is now valued at $200,000.
Pyongyang’s property market is facing tight supply caused by increasing demand, according to recently published work from professor Jung Eun-lee, at Gyungsang university who spent time working in Dandong on the Chinese - North Korean border.
Citing an increasing population and wealth among Pyongyang’s elite, Jung claims that the most expensive property in Pyongyang is now valued at $200,000.
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