Property Price
North Korea
Real Estate Calculator
- Simple calculation — average price of residential real estate, commercial real estate and industrial premises in the region
- Detailed calculation — the location of the property, the type of building, repairs and infrastructure are taken into account
You can find out the cost of PURCHASE or RENTAL:
- residential real estate: apartments and houses
- commercial real estate: offices, showrooms, shops
- industrial real estate: workshops, warehouses, hangars
There is limited information available about the real estate market in North Korea, as the country operates under a highly centralized and secretive government system. The government controls all land ownership and distribution, with most property being state-owned.
Foreigners are not permitted to own land or property in North Korea, and there are strict restrictions on property transactions for citizens. However, there have been some reports of limited property development projects in Pyongyang, the capital city, with some foreign investors reportedly involved.
It's important to note that due to the lack of transparency and limited access to information, the risks associated with investing in North Korea are high. Political and economic instability, as well as the possibility of sudden changes in government policies or regulations, can create significant challenges for investors.
Overall, the real estate market in North Korea is highly restricted and controlled by the government, with limited investment opportunities for foreigners. It is important to carefully consider the risks and challenges associated with investing in the country before making any decisions.
