Saturday, February 02, 2019

China and India air links boost interest in Manchester property scene

Manchester Airport has boasted non-stop flights to and from Beijing and Hong Kong for some time, while a similar service to Mumbai with Jet Airways launched in November 2018. Passengers now can now fly to Manchester from India’s wealthiest and most populous city in a shade under 10 hours, on one of the five flights per week.
Hainan Airlines’ service from China’s capital city began in 2016, and a study in 2018 showed that interest in Mancunian property from Chinese investors was 200% higher than a year earlier. The Beijing service has made it much easier for potential investors, tourists and students to reach the area while the flights will also have contributed to increased interest in Liverpool and Birmingham.
Manchester Airport saw 240,000 passengers flying to China and Hong Kong in 2018, a rise of 17%. With London property prices scaring off some investors, better value-for-money in the north-west coupled with the frequent, direct link with Mumbai could see a similar surge in interest from south Asia.
01/02/19 Tim Oscroft/BuyAssociation
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