Can I buy a city apartment in Jinghong, Xishuangbanna? Does the property right last for 40 years?

Can I buy a house with a 40-year property right?

1. Land use rights refer to the possession, use, and use of state-owned land or collective land by units or individuals in accordance with the law or in accordance with agreements. The right of limited disposition. The land use rights obtained are limited to a certain period of time. The period for which land users enjoy land use rights is limited to the year of transfer. The transfer period is stipulated in the transfer contract, but shall not exceed the maximum number of years specified by law.

2. House ownership, also called house property rights, is the right of the house owner to exclusively control his house. Within the scope prescribed by law, one can occupy, use and dispose of one's house without interference from others. There is no time limit on the ownership of a house.

3. After buying a 40-year property right, you cannot actually own the house for 40 years. After the property right expires, it needs to be renewed. A house with a 40-year property right is neither a small-property house nor an illegal building, and can be purchased normally. The property rights mentioned here refer to the land use period, that is, Article 12 of the Interim Regulations on the Assignment and Transfer of Land Use Rights. The maximum number of years for the transfer of land use rights is determined according to the following uses: seventy years for residential land; fifty years for industrial land; and technology , culture, health, and sports land for 50 years; commercial, tourism, and entertainment land for 40 years; comprehensive or other land use for 50 years.

The pros and cons of houses with 40-year property rights

1. Houses with 40-year property rights are not small property rights houses or illegal buildings, and can be purchased normally. The property rights mentioned here refer to the land use period, which is the 40 years stated on the land use certificate. Under normal circumstances, 40-year property rights are for commercial, tourism, and entertainment land. The water and electricity bills for residents of this type of house will be based on commercial standards, which are higher than the electricity and water prices for ordinary residents.

2. Because it is a business, water and electricity prices are high, there is no gas, the ring tower is not suitable for living, and the loan interest rate is rising.