All About The “Chinese Invasion” Of Manchester
A day which will go down in Manchester’s economic history. That was the day the first direct flight from China to Manchester took to the skies.
Since that monumental milestone, China and Manchester have forged strong bilateral trade ties, ushering in a golden era of prosperity. Here are some important stats:
As one of the major financial powerhouses in the world today, China has the capabilities to dictate significant shifts in the market.
And due to its relentless investment in Manchester, the area has enjoyed massive economic growth, especially in the property market.
In 2018, the Chinese government relaxed regulations on foreign/outward investments. We won’t bore you with the nitty-gritty details, but essentially what this means is that Chinese investors have a lot more freedom to invest in foreign markets, and no longer need to seek approval from the state.
Even before the regulations were relaxed, China were already investing heavily in Manchester. Since last year, when this prohibitive measure was removed, the floodgates have well and truly opened.
As Chinese investors begin flocking to Manchester in huge droves, and continuing to pour money into the area’s development, savvy property investors are sitting up and taking notice.
Why? It’s a simple enough supply-and-demand concept. More Chinese investment into Manchester will create more jobs, which naturally leads to demand for more homes. By 2035, Manchester plans to add 227,000 homes and 200,000 jobs.
As both supply and demand increase, perceived and intrinsic value is likely to follow suit.
The average price of a property in Manchester today is around £177,594. Within the next 4-5 years, this value is expected to rise by 21.6% (£35,000). In comparison, property prices in other major UK cities are only expected to increase between 4.5%-10%.
Based on these stats and the current uptrend (which is showing no signs of slowing down), Manchester property today is widely considered to be “undervalued” by experts, analysts and investors.
Since most of you reading this are based in Asia, investing in Manchester property may not exactly be straightforward.
Who do you approach? Where can you buy? Are you eligible to invest? Simple questions, but getting your answers could be complicated.
Thankfully, you’ve come to the right place!
One Global Property Services (OGPS) is the Asia Pacific region’s leading authority on overseas property investment, including Manchester and other regions in the UK.
Thanks to exclusive partnerships with key developers and partners in Manchester, OGPS is well-positioned to assist investors looking to get a slice of the Manchester pie.
If you like to find out more about investing in Manchester property, fill in your details below, and we’ll contact you for a Manchester Property Consultation.
Can’t wait to share more with you soon!
For enquiries, please complete the form
on our contact page.
Receive alerts as soon as properties hit the market!
Please submit your name and email below.