A recent report from Juwai.com has shown that enquiries from China on places to live in the UK has increased more than threefold during 2018.
Investment interest in Manchester property from China in August 2018 was up 200% from one year prior. This correlates closely with a recent study that showed Chinese spending in the region had increased significantly since 2016, when a direct flight path was established between Manchester International Airport and Beijing.
Juwai is the largest overseas property website in China. Their report also showed impressive figures for Chinese enquiry into other regional cities in the UK. Liverpool enquiries were up by 162.5% for the same period. And Birmingham increased by a factor of 9. London reflected a modest increase of 65%.
The figures seem to indicate that the 2018 decision by the Chinese government to relax their rules around citizens investing in UK property has made a difference.
“Most Chinese still have positive long-term expectations for the UK economy and property markets despite Brexit,” said Carrie Law, CEO and Director of Juwai.com. “Most see the UK as a long-term reliable market offering an excellent lifestyle and enviable opportunities for their children to study, work, and live.”