Direct flights from China to Manchester are attracting investors in their droves

Direct flights from China to Manchester are attracting investors in their droves

According to consultancy Steer Davies Gleave, Manchester’s new direct flights to Chinese destinations has been instrumental in increasing enquiries by Chinese investors into Manchester property by 54% since the launch of the routes last year.

In fact, the new Hainan Airlines route between Manchester and Beijing has provided an injection of approximately £200 million per month in tourism to the North West region. This is set to rise further still over the Christmas period, with Manchester Airport expecting around 22,000 Chinese visitors in December. Staff have been trained in Mandarin to cope with the influx.

As well as spending money at Manchester’s Christmas markets, hotels, restaurants and shopping malls, many Chinese investors will also be on these flights, checking out the region for new opportunities. And with Cathay Pacific increasing its service from Manchester to Hong Kong with daily flights from the 1st December, Manchester is becoming a key UK location for investors.

This is hardly surprising when you look at the facts. The drop in the value of Sterling has been a major draw for Chinese investors, with yields twice as high as those available in China. Direct flights make it much easier for investors to fly in and out of the city and seek out opportunities and manage their assets.