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Date : July 9, 2020
Crackdown on housing transactions
   https://www.dailynk.com/%EA%B5%AD%EA%B0%80-%EC%A7%91-%EC%82%AC%EA%B3%A¡¦ [390]
N. Korea cracks down on illegal housing transactions


North Korean authorities recently issued an order to the Ministry of Social Security and housing management departments of people¡¯s committees to eliminate the practice of people buying and selling state-owned houses without proper approval. 

The North Korean real estate market has seen the emergence of brokers who have been able to get a hold of government-issued occupancy certificates and facilitate real estate transactions, and the practice is gradually becoming more conspicuous.

The order labeled ¡°buying or selling state-provided houses out of self-interest¡± as ¡°a shameless act that destroys socialism.¡± The order emphasized that most house sellers are those suffering from financial difficulties while purchases tend to be wealthy individuals seeking to capitalize on the opportunity to buy good-quality houses. 

It further stated that the Ministry of Social Security is in charge of rooting out this ¡°inhumane and capitalist phenomenon¡± in partnership with local people¡¯s committees. ......

[Source: Daily NK]

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