North Korea housing costs surge, squeeze young couples

North Korea housing costs surge, squeeze young couples

Housing costs across North Korea have surged two to four times their pre-pandemic levels, squeezing young couples out of the property market and prompting many to delay marriage altogether. “Compared to before COVID-19, house prices in Hamhung have risen two to three times,” a source in South Hamgyong province told Daily NK on Thursday. “There are quite a few young couples who want to live separately from their parents, but the financial burden …