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As prices soar, North Koreans sell homes just to raise trading capital

Summary by DailyNK
A growing number of North Koreans struggling to make ends meet are selling homes to raise trading capital as soaring prices have sharply driven up the funds needed to start even a small business. A source in South Hamgyong province told Daily NK on Tuesday that more people in Hamhung are selling their homes, with many now paying a monthly lodging fee to live in someone else’s house instead. Prices have climbed several times over in recent years …

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DailyNK broke the news on Thursday, August 20, 2026.
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