Why do some houses only have 40 years of property rights?

Generally speaking, 40-year-old houses are commercial. The land of these houses makes the house only have 40 years of property rights, and apartments, office buildings and shops are common 40-year property rights houses. There are also 50-year-old property houses, and it is not uncommon for 70-year-old property houses to have only 40 years of property rights. Property rights are calculated from the land transfer, and will gradually decrease with the passage of time.

What's the difference between a 50-year house and a 70-year house?

1, different land attributes

Whether it is a 50-year property right or a 70-year property right, the essential difference is not the house, but the nature of the land. The land nature of 70-year-old property houses is generally residential, and the land nature of 50-year-old property houses is industrial buildings and comprehensive land.

2. Different house prices

Due to the different nature of land, developers pay different costs in the process of land acquisition. Land cost is often an important factor in housing prices, so the price of a house with 50-year property rights is naturally different from that of a house with 70-year property rights. The 70-year residential unit price will be higher, but the property fees, taxes, utilities will be less. The price of a house with 50-year property rights may be low, but other expenses are higher.

3, the use of different ways

Due to the different nature of land, it is doomed that the house with 50-year property rights and the house with 70-year property rights are different in use. 70-year-old buyers can live in peace of mind and automatically renew their rents after the expiration. This 50-year-old house is not a residence in essence. If the buyers buy for the purpose of living, once the policy changes, the buyers may lose both money and housing.

4. Different loan requirements

If the buyer intends to borrow money to buy a house, it should be noted that the loan requirements for a house with 50-year property rights are more stringent. Generally, the down payment for the first suite will reach 50%, and the interest rate will rise to 1. 1 times of the benchmark interest rate. Even the loan term is only 10 years. Compared with a 70-year-old house, the loan requirements are much looser. The down payment for the first suite is between 20% and 35%, the longest loan period is 30 years, and the benchmark interest rate for commercial loans is 4.9%.