# Chinese love affair with Manchester property to strengthen as government welcomes new investment
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2016-11-21
Category: INVESTING
Category URL: https://financedigest.com/category/investing
Meta Title: UK Government Targets Chinese Investment in Northern
Meta Description: Discover how the UK government plans to attract £5bn of foreign investment from China for major development projects in the Northern Powerhouse, including
Tags: featured
Tag URLs: featured (https://financedigest.com/tag/featured)
URL: https://financedigest.com/chinese-love-affair-with-manchester-property-to-strengthen-as-government-welcomes-new-investmenthtml

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- **UK government plans to attract foreign investment from China for new development projects in the Northern Powerhouse**
- **Chinese investors interest in Manchester stems from President Xi Jinping visiting the city in 2015 (Chinese diplomat Sun Dali)**
- **“Accessibility is crucial for overseas investors… Chinese buyers able to fly in regularly now, sometimes for less than 24 hours, to inspect and purchase property” (Surrenden Invest)**

The government announced its desire to attract 5bn of foreign [investment for 13 major development projects](https://www.financedigest.com/4-important-factors-to-consider-when-choosing-an-eb-5-visa-investment-project.html "4 Important Factors to Consider When Choosing an EB-5 Visa Investment Project") with the Northern Powerhouse, with specific interest in those investors from China.

These projects include but are not exclusively residential developments; however overseas interest in property located in the North of England has increased [significantly throughout the course of this year with Chinese buyers specifically attentive of Manchester’s housing market](https://www.financedigest.com/global-emi-shielding-market-significantly-hit-by-lack-of-consumer-demand-scenario-post-covid-19-crisis-likely-to-remain-gloom.html "Global EMI Shielding Market Significantly Hit By Lack Of Consumer Demand; Scenario Post Covid-19 Crisis Likely To Remain Gloom").

Chancellor Philip Hammond, who is due to reveal his first Autumn Statement [next week](https://www.financedigest.com/hungary-cenbank-seen-hiking-100-bps-to-11-75-next-week-as-inflation-surges.html "Hungary cenbank seen hiking 100 bps to 11.75% next week as inflation surges"), has voiced his thoughts on the UK’s relationship with China, explaining the significance of tapping into the current Chinese market as “our trade relationship with China is now more important than ever.

And it seems Brexit is no deterrent as China’s already [healthy appetite for UK property is only growing](https://www.financedigest.com/smart-home-devices-market-is-expected-to-grow-at-a-healthy-cagr-of-over-18-during-the-study-forecast-period-2021-2031.html "Smart Home Devices Market is expected to grow at a healthy CAGR of over 18% during the study forecast period 2021-2031"). According to Chinese diplomat Sun Dali, Chinese investors’ love affair with the Northern Powerhouse, Manchester in particular, began when [President Xi Jinping visited](https://www.financedigest.com/south-african-president-ramaphosa-to-make-state-visit-to-uk.html "South African president Ramaphosa to make state visit to UK") the UK’s second city last year.

**Jonathan Stephens, Managing Director** of leading property consultancy [**Surrenden Invest**](http://r20.rs6.net/tn.jsp?f=001qL-avP-nlbZEwt_WXQklBU7TJ4V7Te99rtQp4w18VxuC_vWliPq_Nk6sUubBd9gjmk5NQaI1D-qh-cmGf1Q4o0ID0VyDKwAmj8yyyrD-Pjfb4IplFvPwhsp0Rh-KFzMXu8NhNUAJjavr85RFAc3uEzo8dy-ZYgUHtIEzrfwgtvCI_6ong3H5MA==&c=N_sX7VGmY9FMC5cfOtJYj8Z7JV6PwklQ-9-LCEWbVCYr_uYQpw4hcA==&ch=kHrLQK7Esvd0a6Di4ad8F0ZFG4TMxtPadWG8brsX2UZQE9tSGXUfig==), has certainly noticed a rise in Chinese buyers directing their investment toward Manchester. He explains,

[“Interest for the local property market has increased from Chines buyers](https://www.financedigest.com/uk-buyers-lead-interest-in-megacity-istanbul-accounting-for-21-51-of-all-property-enquiries.html "UK BUYERS LEAD INTEREST IN ‘MEGACITY’ ISTANBUL, ACCOUNTING FOR 21.51% OF ALL PROPERTY ENQUIRIES") as Manchester’s credentials as an investment hotspot continue to increase, not only leading the Northern Powerhouse but also challenging London as the buy-to-let capital of the UK.

Accessibility is crucial for overseas investors and with [Manchester’s regional airport now welcoming regular direct flights from China](https://www.financedigest.com/china-lodges-representations-over-alleged-harassment-at-manchester-consulate.html "China lodges representations over alleged harassment at Manchester consulate"), investment to the city is subsequently thriving. We have already [witnessed this improved connectivity impact the Manchester housing market](https://www.financedigest.com/leno-bags-market-witness-a-spike-in-growth-pace-recent-improvements-in-pricing-models-fmi.html "Leno Bags Market Witness a Spike in Growth Pace Recent Improvements in Pricing Models: FMI"), with Chinese buyers able to fly in regularly, sometimes for less than 24 hours, to inspect and purchase property in the city centre.

**![Chinese love affair with Manchester property to strengthen as government welcomes new investment-2](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/1-5-1736844369848-compressed.jpg)**

 **SurrendenInvest’s** most recent addition to its Manchester’s portfolio is [**Artillery House**](http://r20.rs6.net/tn.jsp?f=001qL-avP-nlbZEwt_WXQklBU7TJ4V7Te99rtQp4w18VxuC_vWliPq_NkP17ndGqzmHjFlw_7plbpQivKIfrPQe5JcFFruSWUMaoMS4CYL_BQi_i8zN8tsWkWa6U33K2vW9jkZjeiqtNIUyvxhjCVbenxsssTz_dTVPB9MEEPJ17Wv6rqqwAlq6TgB461rSc-qXm_TG_0UCSozgcEBiE60IzUXb1aG3ARSXSqA5M_pamIfSPHC7fvhNXw==&c=N_sX7VGmY9FMC5cfOtJYj8Z7JV6PwklQ-9-LCEWbVCYr_uYQpw4hcA==&ch=kHrLQK7Esvd0a6Di4ad8F0ZFG4TMxtPadWG8brsX2UZQE9tSGXUfig==). Situated in a prime position in the heart of the city, Artillery House epitomises the kind of modern, luxury development that [investors are keen to profit](https://www.financedigest.com/virgin-money-shares-leap-on-higher-profit-investor-payouts.html "Virgin Money shares leap on higher profit, investor payouts") from and tenants are keen to rent.

The low-carbon technology, boutique development in Manchester’s ‘Golden Triangle’ boasts 12 high end apartments from £120,000, with assured returns of 7.5% NET. To discover more about Artillery House, please visit the following link [https://vimeo.com/178165870](http://r20.rs6.net/tn.jsp?f=001qL-avP-nlbZEwt_WXQklBU7TJ4V7Te99rtQp4w18VxuC_vWliPq_NkP17ndGqzmH3lBlCncFpIuVnwYuPEZve6siiMj5AtqC3qhaXfUey3_WWOH7mGqI1e4yPrEHfpAWRErdmDGf7hh7vtspiwn5e_yJ5R5zhrBZ9fAHBVwNswJh_jIU5y4ztA==&c=N_sX7VGmY9FMC5cfOtJYj8Z7JV6PwklQ-9-LCEWbVCYr_uYQpw4hcA==&ch=kHrLQK7Esvd0a6Di4ad8F0ZFG4TMxtPadWG8brsX2UZQE9tSGXUfig==).


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