Why do housing property rights have 70 years and 50 years?

The property right of the house is permanent. The difference between 70 years and 50 years is actually the right to use the land, and the main reason for the different land use years is the different land types. According to the relevant regulations, the land use right is divided into different service life according to the development type, of which the maximum service life of residential land is 70 years, the maximum service life of industrial construction land and comprehensive land is 50 years, and the maximum service life of commercial construction land is 40 years.

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

1, the house price is different.

To build a house, developers need to take land first, but the nature of land is different, and the money that developers need to pay for taking land is definitely different, so the cost of land is often an important factor that constitutes the house price, so the price of a house with 70-year property rights and a house with 50-year property rights will definitely be different. Generally speaking, the unit price of a 70-year-old house will be higher, but the property fees, taxes and utilities will be less. The price of a 50-year house may be low, but other expenses are generally higher than those of a 70-year house.

2, the use of different ways

Due to the different nature of houses and land, houses with 70-year property rights and houses with 50-year property rights will also be different in use. Buyers with 70-year property rights can live with confidence and automatically renew their rents after the expiration. However, a 50-year-old house is not a house, so if a buyer buys this type of house to live in, once the policy changes, the buyer may lose both money and the house.

3. Different loan requirements

At present, many property buyers want to buy a house through loans, but if the house they choose to buy has a 50-year property right, then for the house with a 50-year property right, property buyers should be prepared for stricter loan requirements. Generally, the down payment for the first home will reach 50%, and the interest rate will rise to 1. 1 times of the benchmark interest rate, and some even have a loan term of only 10 years. However, the loan requirements for a 70-year-old house are not too strict, and the down payment for the first suite is between 20% and 35%. The loan period can be up to 30 years, and the benchmark interest rate for commercial loans is 4.9%.

4, the cost of living is different

Property buyers will definitely go to live after buying a house. If they want to live, they will use water, electricity and gas. However, the water, electricity and electricity costs are different for houses with 50-year property rights and 70-year property rights. Commercial housing with 50-year property rights is charged according to the national commercial water and electricity, so it is more expensive than that with 70-year property rights.