Real estate fever infects everyone, even North Korea!
Always a subject of international political and economic interest, North Korea does not seem to want to leave out anything, but nothing.
The desire to emerge with respect to other neighboring powers, a head of state with ideologies often subject to criticism (and perhaps far from common modernity), have led this small-scale state, which has marked the history of the world, to also come across the real estate market .
Defined as the most impenetrable country in the world, it is dealing with a more unique and rare event that has undermined all expectations.
In the capital of the communist regime, 24 buildings, 1300 public housing, kindergartens and sports areas, 46-storey high-rise buildings, university centers and many other facilities were built. You are spoiled for choice if you want to buy a property in North Korea!
Needless to say, the amazing speed of construction was noteworthy (but could not be otherwise) from all the newspapers in the world.
But what has caused this excessive and radical boom in Korean real estate?
Undoubtedly the increase of the competitive condition with the neighboring China, which, in turn, has increased the price of the Chinese brick (market technique that it is not known how much it can be useful to the economy of the Rising Sun).
Kim's project is to blow up tourism in Korea, hoping that the capital can become the new Miami.
The project is about one billion dollars for the Wonsan beach area.
The slow opening of this country, the transformation of the latter from medieval to modern, is oriented only to one goal: to emerge on the global economic scene.
Will Kim succeed in winning this challenge?
Well, judging from the statistics, compared to the beginning of 2018 the value of properties in North Korea increased by 10%, and investments by 7.9% compared to 2017.
For now it is not possible to be able to extrapolate further information from this nation that is shifting the focus of the real estate market from the West to the East.
We just have to wait for new with the arrival of 2019!
The desire to emerge with respect to other neighboring powers, a head of state with ideologies often subject to criticism (and perhaps far from common modernity), have led this small-scale state, which has marked the history of the world, to also come across the real estate market .
Defined as the most impenetrable country in the world, it is dealing with a more unique and rare event that has undermined all expectations.
In the capital of the communist regime, 24 buildings, 1300 public housing, kindergartens and sports areas, 46-storey high-rise buildings, university centers and many other facilities were built. You are spoiled for choice if you want to buy a property in North Korea!
Needless to say, the amazing speed of construction was noteworthy (but could not be otherwise) from all the newspapers in the world.
But what has caused this excessive and radical boom in Korean real estate?
Undoubtedly the increase of the competitive condition with the neighboring China, which, in turn, has increased the price of the Chinese brick (market technique that it is not known how much it can be useful to the economy of the Rising Sun).
Kim's project is to blow up tourism in Korea, hoping that the capital can become the new Miami.
The project is about one billion dollars for the Wonsan beach area.
The slow opening of this country, the transformation of the latter from medieval to modern, is oriented only to one goal: to emerge on the global economic scene.
Will Kim succeed in winning this challenge?
Well, judging from the statistics, compared to the beginning of 2018 the value of properties in North Korea increased by 10%, and investments by 7.9% compared to 2017.
For now it is not possible to be able to extrapolate further information from this nation that is shifting the focus of the real estate market from the West to the East.
We just have to wait for new with the arrival of 2019!
