Can I buy a house with a 40-year or 50-year property right? What are the differences from ordinary houses in the 1970s?

Of course you can buy them, but you must understand that there are still big differences between them.

1. The property rights have different years. The main issue is the length of time. As the name suggests, a 40-year property right means that the land use right is only for 40 years, a 50-year property right means that the land use right is only for 50 years, and a 70-year property right means that the land use right is only for 70 years. The right to use the house is permanent, while the right to use the land is time-limited, and this time is calculated from the time the developer purchases the land, not the time of handover or construction of the house.

2. The property rights of land are different. 40-year property rights: commercial land, tourism land, entertainment land, etc. 50-year property rights: education, industry, sports, cultural land, comprehensive land, etc. Many small property rights on the market that are said to be 50-year property rights are not comprehensive land recognized by the state. Due to the requirements of the local government and combined with local geographical conditions, Chongqing has 50 years for residential land. 70-year property rights: residential land.

3. Taxes. The unified deed tax for 40-year commercial properties is 3%, while the deed tax for 70-year property rights ranges from 1% to 3%. The taxes for 40-year property rights are higher than those for 70-year property rights.

4. Loans, commercial housing loans with 40-year property rights basically require 50% of the down payment, and the loan interest rates will basically go up, and they will go up a lot, but the business does not occupy the number of individual houses, that is, it does not There are no purchase restrictions or loan restrictions. For a first or second home with a 70-year property right, if the first loan has been paid off or there is no loan, the down payment is basically 30%.

5. Settlement. Businesses with 40-year property rights cannot be registered. Those with 70-year property rights who meet the settlement conditions of the local public security bureau can settle down.

70-year property rights means that the property rights period of the land you own is 70 years. The so-called property rights period refers to the ownership period of the property rights of the building, including: civil residential buildings, commercial buildings, and industrial buildings.

The ownership period of general civil residential buildings is 70 years. Land for science and technology, culture and sports for 50 years. Industrial land, comprehensive or other land use for 50 years. The land use period for commercial, tourism and entertainment facilities is 40 years.

After the 70-year land use period expires, the land will be returned to state ownership, and the buildings on the ground will still belong to the owner. If you apply for land use rights again, you should pay back the land transfer fee based on the current land price level.

In terms of property rights, there is a big difference between 70 years, 50 years, and 40 years. Under the same conditions, it is recommended to choose a house with a 70-year property right as much as possible.