Chinese investors in Manchester property power up

Chinese enquiries into the city’s properties have jumped by more than 50 per cent as enthusiasm continues to grow, the Telegraph newspaper reported.

It quoted Juwai.com, an online property portal for Chinese buyers looking to invest abroad, as saying the number of Chinese enquiries in November 2016 in Manchester property was 53.8 per cent higher than in the same month of 2015.

This came as Manchester Airport Group has doubled its estimate of the value of the local economy of direct flights from China’s capital Beijing to Manchester as Chinese investors have continued to increase.

Rhys Whalley, executive director of Manchester-China Forum, which promotes commercial ties between the two places, said the property sector has been one of the most active recipients of growing connectivity between China and the United Kingdom, partly in view of Manchester’s future growth.

The city plans to add 227,000 homes and 200,000 jobs by year 2035.

However, Whalley said Manchester has not seen what UK capital London has in terms of mass individual residential investments.