When we buy a house, we all ask the real estate consultant how much the property right of the house is. Some houses have 50 years of property right, some have 70 years of property right, and some have 40 years. Why are the property right years different? What's the difference between houses with different property rights? Let's have a look!
Most of the houses with 50 year property rights can not apply for provident fund loans. Another 50 years or 40 years of property rights of residential, such as the use of bank loans, can only get 50% or 60% mortgage, loan utilization of 1.1 times the benchmark interest rate.
Difference 1: different loan conditions
Most of the houses with 50 year property rights can not apply for provident fund loans. Another 50 years or 40 years of property rights of residential, such as the use of bank loans, can only get 50% or 60% mortgage, loan utilization of 1.1 times the benchmark interest rate.
In the past, this used to be a big 'hard wound' of property right housing for 50 years. However, as the down payment ratio of the second house is raised to 60%, the formal residential products are at a disadvantage.
Difference 2: uncertain future usage costs
According to the regulation of public building use, the water, electricity, heating and other use fees of 50 year property right residential buildings adopt commercial prices, and there is no natural gas entering the house. Many developers' plead 'with government departments in the early stage of development, and they can pay according to the civil price, but after all, the name is not right, the words are not right, and there are variables in the future. Therefore, buyers should ask clearly when buying a house.
Difference 3: differences in relevant taxes
When ordinary residential projects are purchased for the first time and transferred in the future, the deed tax is 1.5%, while for 50 year old houses, the deed tax is paid at 3%, which increases the difficulty of future transactions.
However, in a city like Beijing, where "if it's not the only house, 20% personal income tax should be levied on the income from selling houses no matter whether it's five years old or not", it's more difficult to trade houses than commercial houses in the future. From the perspective of investment, it's more appropriate to buy houses with 50 years' property rights.
According to the relevant requirements of public buildings, the civil air defense and fire protection construction standards of 50 year property right houses are higher, and the construction quality is also higher than that of ordinary houses. However, from the perspective of living, it also needs to increase the public space such as lobby and passageway, so the housing rate is generally lower than that of residence.
Article 149 of the property law stipulates that the term of authority for the use of residential construction land shall be automatically renewed upon expiration. The renewal of the right to use non residential construction land after its expiration shall be handled in accordance with the law. If there is an agreement on the ownership of the houses and other real estate on the land, it shall be followed; if there is no agreement or the agreement is not clear, it shall be handled in accordance with the provisions of laws and administrative regulations.
That is to say, after 70 years of formal housing, the owner of the house can still live in it. But 50 years of property rights is different. At the beginning of land acquisition, developers will not ask for the rights and interests after 50 years. How to protect the right of residence is a big problem.
The development of residential property is only one of the public construction land with 40 or 50 years property rights. In the real estate market, there are other similar situations. According to the twelfth line of the Provisional Regulations of the people's Republic of China on the assignment and transfer of the right to the use of state owned land in cities and towns, the maximum term of the assignment of the right to the use of land shall be determined according to the following purposes. When you buy a house, you need to see clearly.
1. 70 years of residential land;
2. 50 years of industrial land use;
3. 50 years of land for education, science and technology, culture, health and sports;
4. Commercial, tourism and entertainment land for 40 years;
5. Comprehensive or other land use for 50 years.