Chinese inquiries into Manchester property up by over 50%

Chinese inquiries into Manchester property up by over 50%

Investment inquiries from China into Manchester property have increased by more than half as excitement about the Northern Powerhouse initiative continues to grow.

Juwai.com is a Chinese online property portal for buyers looking to invest in property overseas and it has stated that in November the amount of Chinese interest in Mancunian property has increased by 53.8%, compared to the same month in 2015.

Meet the four projects Manchester wants to see Chinese investment going into

At the same time, Manchester Airport Group has doubled its estimate of the value to the local economy of direct flights from Beijing to Manchester, the Telegraph reports.

The group states that, ten years from now, the economic impact of Chinese visitors to the region will be worth £500m, doubling the current value.

The Manchester-China Forum, a group promoting commercial ties between the two places, estimated that in 2016 a total of £2.1bn worth of development have had Chinese involvement.

One of the biggest projects of the year was by Beijing Construction Engineering Group’s (BCEG’s) involvement in the Middlewood Locks in Salford, worth £700m and providing 2,215 homes.

Mr Whalley said:

The property sector has been one of the most active recipients of growing connectivity between China and the UK”

Manchester’s attraction to the east… and Chinese investors

Part of the reason for this increase is Manchester’s future growth, as it plans to add 227,000 homes and 200,000 jobs by 2035. It was also prompted after President Xi Jinping toured Manchester in October 2015.

Only months later, in December, a Chinese company decided to buy the pub that the President drank in.

Self-certified Sophisticated Investor

Please read

I declare that I am a self-certified sophisticated investor for the purposes of the restriction on promotion of non-mainstream pooled investments. I understand that this means:

I am a self-certified sophisticated investor because at least one of the following applies:

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me seek advice from someone who specialises in advising on non-mainstream pooled investments.

High Net Worth Investor

Please read

I make this statement so that I can receive promotional communications which are exempt from the restriction on promotion of non-mainstream pooled investments. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:

STAY AHEAD OF THE MARKET

Sign up for first access to new developments and exclusive property investment opportunities.

We send limited and targeted emails on new launches and exclusive deals which best fit your areas. We are trusted by over 30,000 active buyers as their source for new stock.

  • New property developments
  • Professional market reports
  • Property deal alerts
  • Development updates
Manchester property investment

FIRST FOR NEWS AND KNOWLEDGE.

Receive trending news straight to your inbox and stay up to date on all of the property market trends and advice.

Established since 2005 we are a leading voice of authority and commentary on the UK property market. Our news is trusted by Apple News & Google News.

  • UK housing market
  • Mortgage & money
  • Buy-to-let landlords
  • Guides & advice

Talk to us

Speak to our UK property experts today:

 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

 

+852 6699 9008

Open from 9am-6pm HKT