Old Trafford attracting not just footballers from around the world, but also investors

Old Trafford attracting not just footballers from around the world, but also investors

United Kingdom
  • Manchester flagged as top UK city for investment prospects (pwc)
  • M16 postcode out-performing rest of city with 4.46% growth in 12 months (Zoopla)
  • New Kinetic development providing investors with way into Old Trafford (Surrenden Invest)

Manchester United FC is known for being one of the best football teams in the world. The club’s status and plentiful funding means that it has the pick of players, coaches and managers from across the globe. Football fans appreciate they heritage of Old Trafford as a venue, but now it seems that a new kind of international interest is being stirred up in this hotbed of sporting activity.

“Old Trafford has an unbreakable connection with football, but there’s actually a lot more to the area than sport alone. Those living there enjoy easy access to Manchester city centre, Media City, White City Retail Park and the University Quarter. The mixture of local amenities and proximity to key areas of the city is causing investors to take a much closer look at Old Trafford.”

Jonathan Stephens, Managing Director, Surrenden Invest

The interest from investors is supported by data from a range of sources. pwc has just highlighted Manchester as the UK’s top city investment prospect in its Emerging Trends in Real Estate Europe 2018 report, while figures from Zoopla pinpoint the M16 postcode area as enjoying property price rises above the overall level for the city – 4.46% for M16 compared to 4.22% for Manchester as a whole over the past year.

Against this exciting investment backdrop, property investment specialists Surrenden Invest have just announced the launch of the superb new Kinetic development.

With 48 apartments designed for modern, professional tenants, the building offers both investors and residents the chance to be a part of one of Manchester’s most exciting locations. The apartments have been shaped to the needs of contemporary urban residents, from their elegant, Italian-designed kitchens, to their sleek, stylish interiors.

Not only have the apartments been designed to suit professional tenants, but they have also been created with university students in mind. Just moments from Kinetic, Lancaster University is opening a brand new campus for 6,500 students from September 2019. Students with a taster for refined living will no doubt be delighted by Kinetic, while Kinetic residents will benefit from use of the new campus leisure centre.

“Old Trafford is still up and coming in terms of its investment credentials, so Kinetic offers a particularly exciting opportunity for investors who like to be at the forefront of an area’s growth (and reap the financial rewards that doing so entails). The creation of the new university campus, as well as the existing attractions of the Old Trafford location, mean that this development has been conceived not just with an eye on the present but also with future considerations taken into account.”

Jonathan Stephens, Managing Director, Surrenden Invest

 

For further details and property investment opportunities, visit www.surrendeninvest.com, email info@surrendeninvest.com or call 0203 3726 499.

Property investors pick up the pace: Surrenden Invest reports

Property investors pick up the pace: Surrenden Invest reports

United Kingdom
  • Investors now far more clued up on basic property investment principles
  • Enquiry to investment period reduced to just 5 days on average
  • Media coverage and sector maturation responsible

Specialist end-to-end property investment company Surrenden Invest has revealed a shift in the nature of its clients, which it believes represents the next phase of the property investment sector’s evolution.

“Clients used to start out by asking us basic questions about property investment. Now, however, investors are coming to us already clued up about the basics. There’s been a notable shift in terms of the average investor’s knowledge base – contemporary investors have done their homework and know what they want. They’ve already taken the time to learn the basics before they speak to an investment company.”

Jonathan Stephens, Managing Director, Surrenden Invest

This new trend means that investors are more focused on getting guidance on the opportunities available as soon as they engage with a property investment company. They know the kind of investment that they want and are ready to drill down into the detail of what the market currently has to meet their requirements.

In addition, they’re seeking information on how best to invest and which issues to watch out for with specific projects. They already know, for example, about the merits of investing in Birmingham and the value of a prime city centre location. Now, it’s more a case of advising whether the charms of the apartments at (for example) B5 Southside outweigh those of Moseley Gardens, or vice versa.

Such a shift in investor knowledge has inevitably impacted on the speed at which decisions and investments are made. Investors have picked up the pace, with Surrenden Invest reporting that the average investor now takes just five days to go from an initial enquiry to an investment. Previously, the process could take several weeks, and sometimes even longer.

“The change in investors’ behaviour and the speed at which they now want to invest means that property investment companies need to be at the top of their game in order to satisfy the needs of these seriously savvy investors. There’s little small talk any more – investors want to invest fast and expect the information that they demand to be provided instantly in order to facilitate that. It’s an invigorating time to be involved in property investment!”

Jonathan Stephens, Managing Director, Surrenden Invest

A number of factors are behind property investors’ evolving knowledge. The significant media interest in buy-to-let investment over the past few years has played a role, as has media coverage of ‘newer’ types of investment, such as hotel investment. A far broader swathe of information is available online. Property investment used to seem like something of a dark art to the uninitiated, but the proliferation of insightful, information-packed websites and blogs has enabled anyone with an interest to learn the ropes.

The result is that investors want to move faster. They are more decisive and less interested in debating whether or not they might want to invest. Instead, they just need guidance on where the best deals to suit their individual needs are to be found.

“It’s great to be part of the industry’s evolution and to work with investors who are so driven to make property investment work for them. The industry is maturing around us and property investment companies need to keep up with the new pace in order to meet modern client’s demands. Those that find themselves behind the curve have some serious catching up to do.”

Jonathan Stephens, Managing Director, Surrenden Invest

 For further details and property investment opportunities, visit www.surrendeninvest.com, email info@surrendeninvest.com or call 0203 3726 499. 

Surrenden Invest gets in the fast lane by sponsoring racing driver Nick Yelloly

Surrenden Invest gets in the fast lane by sponsoring racing driver Nick Yelloly

United Kingdom World ,

Jonathan Stephens MD of leading property investment agency, Surrenden Invest has announced sponsorship of racing driver Nick Yelloly.

A keen motorsports fan and amateur driver himself, it was an easy decision for Jonathan to make and he is relishing in the fact that he can now attend and support Nick on a regular basis.

 

After starting Surrenden Invest at a young age, I understand the struggles of going out there alone and fighting for your position amongst other contenders, that is why I am keen to support others doing the same in whatever field they choose. Nick is a great guy with heaps of potential and I am thrilled to be part of his journey”.

 

Jonathan Stephens, MD, Surrenden Invest

 

Born in Stafford, Nick Yelloly started his racing career by competing in karts at the age of 15. He made his debut in 2005, working his way from Junior TKM Intermediate to ICA and finally the Super 1 International KF1 Championships in 2008 where he finished eighth.

Currently lying second in the 2017 Porsche Carrera Cup after grabbing a win and second place in the last race at Norisring in Germany, Nick is speeding to great successes.

To date Nick’s personal career highlights include:

  • Test and simulator driver for Force India F1 since 2014
  • Race Winner in Formula Renault 2.0L, GP3, Formula Renault 3.5 & Porsche Carrera Cup Germany
  • Currently lying 2nd in the Carrera Cup Germany Championship in after winning then finishing second in the last race at Norisring in Germany

Last weekend Jonathan attended the F1 demonstration at the Silverstone Classic. Nick drove the Williams Racing FW14b World Championship winning car of Nigel Mansell where he displayed the car to the public at full speed, celebrating 25 years since the car’s historic win at the British Grand Prix.

 

It is amazing to have the solid support of Surrenden Invest behind me, I am looking forward to what the future has to hold for myself and the Surrenden team.”

 

Nick Yelloly, Racing Driver

 

 For further details, visit www.surrendeninvest.com or call 0203 3726 4999.

Spotlight on Salford: MediaCityUK celebrates 10 years

Spotlight on Salford: MediaCityUK celebrates 10 years

United Kingdom World , ,
  • 2017 marks 10 years since planning permission was granted & construction began on MediaCityUK
  • Kellogg’s to relocate its UK headquarters to MediaCityUK
  • 2% positive price change in Salford homes over last 12 months (HM Land Registry)

Over the past decade Salford has experienced enormous transformation. This year marks 10 years since permission was granted to The Peel Group to build MediaCityUK, a 200-acre property development located on the banks of the Manchester ship canal with Salford Quays, located at the eastern end becoming one of the largest urban regeneration projects in the UK.

Back in 2004 the BBC motioned its objective to move a considerable number of jobs from London to Manchester with the Salford Quays site chosen at the premier location and a few years later, in 2007, after The Peel Group was granted planning authorisation to develop, construction began on MediaCityUK.

The BBC’s move represented a significant decentralization from London and many creative and media businesses followed suit including ITV. Today MediaCityUK is home to an exciting mix of over 200 businesses including production companies, Satellite Information Services and higher education institutions such as The University of Salford.

It has also just been announced that Kellogg’s is to relocate its UK headquarters to MediaCityUK after signing a lease for 48,000 sq ft at the Orange Tower. Moving 420 jobs from the company’s current Old Trafford site in January 2018 is a strong declaration of the appeal of the Salford area and especially MediaCityUK. Adding that to the 200 new jobs announced by the BBC earlier this month at MediaCityUK as it seems that Salford Quays really does have ‘cereal’ investment appeal!

 “A decade on from granting of planning permission for MediaCityUK, we have seen the 200-acre site go from strength to strength.  The mixed-use scheme has enjoyed enormous commercial success and the relocation of Kellogg’s HQ from Old Trafford to MediaCityUK will undoubtedly be a welcome addition to the vibrant business environment, driving economic growth into the next decade”.

Jonathan Stephens, MD, Surrenden Invest

 

Indeed, the outlook for job growth within the Northern Powerhouse city is bright. 3,000 new businesses were registered in Greater Manchester in 2016 (Inform Direct Review of UK Company Formations) and Savills predicts that around 4,000 jobs are set to be created in the region over the next 5 years.

Despite its increasing popularity property in Salford is still affordable but it is not predicted to stay that way for long. The latest HM Land Registry data reported that property prices are about 10% lower than Manchester  city centre with a 6.2% positive price change in Salford over the last 12 months (May 2016 – May 2017).

“Not only a place to work and play, Salford Quays has an established residential community and is a popular choice for young professionals especially, working within the MediaCityUK site. We have seen sustained demand for homes in Salford over the past 12 months with waterside homes in high demand.

“Manchester’s thriving property market over the past few years has led to areas outside the city centre undergoing significant redevelopment. Our development, Wilburn Wharf in Salford has had no end of interest and with the Wilburn Basin, where the homes are located, falling on the Salford side of the River Irwell, investors are looking at an average price per square foot that is 30% lower than similar developments a couple of minutes’ walk away.”

Jonathan Stephens, MD, Surrenden Invest

 

Wilburn Wharf, available through Surrenden Invest, compromises of four distinct blocks which vary in height, all of which offer fantastic views across Manchester. Each apartment is built to the highest specification and the residential facilities are exceptional including a 24/7 concierge, architecturally landscaped gardens and seating areas around the river basin as well as a gym, cinema, residents lounge and meeting rooms. Prices for units in the current phase 2 start from £165,000.

 

For more information, visit www.surrendeninvest.com or contact Surrenden Invest on 0203 3726 499.

Buyers dig Digbeth as new homes attract the creative community

Buyers dig Digbeth as new homes attract the creative community

United Kingdom World , ,
  • West Midlands creative industries growing at more than twice the pace of those in London (Creative Industries Federation)
  • Under 25s account for 40% of population, making Birmingham one of youngest cities in Europe (Visit Birmingham)
  • New Moseley Gardens development perfect for Digbeth’s millennials (Surrenden Invest)

 

When it comes to the perfect recipe for property buyers, Birmingham’s Digbeth has all the right ingredients. The area is a trendy, thriving hub of digital and tech prowess, with a community of millennials looking to rent stylish homes at the heart of the action.

Digbeth’s digital credentials were showcased earlier this month during Digital Digbeth Day, part of the BBC Digital Cities Week. Events focused on game-changing developments in the digital tech sector, from 3D scanning to virtual reality, with Digbeth’s bright young residents showcasing their credentials to maximum effect.

“The sense of creativity and innovation in Digbeth is enormous. The area is brimming with talent and not just in the tech sector. Digbeth’s creative industry credentials are seriously strong and have helped it to become one of the trendiest areas of the UK in recent years.”

Jonathan Stephens, Managing Director, Surrenden Invest

 

According to the Creative Industries Federation, the UK’s creative industries are worth £87 billion. That’s more than the country’s car or aerospace industry. The West Midlands has put much into developing its creative sector – creative industry jobs there grew by 38.7% between 2011 and 2015 (more than double the growth rate of London, which stood at 15.6%).

At the same time, big things are expected of Birmingham’s new Metro Mayor, Andy Street, whose strategy for growing the city’s economy looks set to have a positive impact on housing, transport and skills, as well as other areas of urban life.

Then of course there’s the High Speed 2 (HS2) rail network, which Transport for West Midlands sees as a catalyst for enhanced prosperity and growth for regional locations like Digbeth.

The combination of all of this has created a magnet-like effect in Digbeth, with highly skilled, highly ambitious millennials flocking to the area to work and live. Nearly 40% of Birmingham’s population is now under the age of 25, making it one of the youngest cities in Europe, according to Visit Birmingham.

“The influx of millennials has done much to re-shape Digbeth’s property market, at a time when Birmingham property prices and residential land values are already showing solid growth. As a result, the city has become a hotbed for property investors seeking strong yields and excellent capital growth potential.”

Jonathan Stephens, Managing Director, Surrenden Invest

 

Developments like Moseley Gardens are pitched perfectly for style-conscious millennials looking for a city centre location in Birmingham’s hottest regional rental market. Specifically developed for the shared rental market, the contemporary apartments offer the ideal blend of location and luxurious living, all just ten minutes’ walk from New Street Station.

“Demand for residential investment properties of this stature in Birmingham is so strong that many are purchased within mere hours of launching. Birmingham – and the Digbeth area in particular – is one of the most dynamic property markets in the UK right now.”

Jonathan Stephens, Managing Director, Surrenden Invest

 

Apartments are available from £138,000, for further details, visit www.surrendeninvest.com, email info@surrendeninvest.com or call 0203 3726 499.

Make a splash this summer in the Venice of the North with the brand new Royal Canal Works

Make a splash this summer in the Venice of the North with the brand new Royal Canal Works

United Kingdom ,
  • Manchester house prices predicted to grow 28.2% by 2021 (Hometrack)
  • Around 4,000 jobs set to be created in the Manchester region over the next 5 years (Savills)
  • Up to 25% boost in house prices from the restoration of canals (Canal & River Trust)
  • Waterside living in Manchester from just £105,000 (Surrenden Invest)

Growing faster than any other city in the UK, it is predicted that house prices in Manchester will grow by an impressive 28.2% by 2021 according to Hometrack.

In addition to residential property growth, Manchester is expected to see faster office-based growth employment than Greater London and all key UK regional cities over the next five years reports Savills.

Increasing demands from a range of sectors such as media and technology are estimated to create around 4,000 jobs in the Manchester region over the next 10 years, with demand for housing also rising in line with this progression.

With one of the highest population densities outside the capital, living space within Manchester is at a premium forcing housebuilders to seek alternative areas of the city within which to build new homes.

Known as the “Venice of the North” due to its miles of canals (including the 36-mile long, 19th century Manchester Ship Canal which at the time was the largest river navigation canal in the world), Manchester holds a long and affectionate history with its waterways and now views them as pivotal to the making of the city once again.

Millions have been spent on clearing and restoring Manchester’s waterways, enabling formerly derelict canal side land to be put back into use thus creating communities with space, leisure activities and high living standards.

Indeed, a report by Dr Nicholas Falk for URBED found that the urban waterfront is a vital part of national heritage and the Canal and River Trust suggest that property values can be boosted by as much as 25% from the restoration of canals.

“Waterfront living provides welcome breathing space for people living in overcrowded communities. Living on a canal has and always will hold great appeal; the calming nature of being close to the water combined with the leisure activities available makes homes such as those at Royal Canal Works a true urban oasis.”

Jonathan Stephens, Managing Director, Surrenden Invest

Royal Canal Works, available through leading investment agency Surrenden Invest, is a brand-new canal side development adjacent to the tranquil suburb of Choltorn – one of the most sought after areas to live in southern Manchester.

A stunning contemporary collection of 43 beautifully appointed one and two bedroom apartments with private terraces and waterfront views, Royal Canal Works offers architecturally landscaped gardens and a courtyard along with secure parking and CCTV.

Being just 15 minutes from the city centre, Royal Canal Works boasts city standard living but all of the perks of life in the suburbs. The apartments are expected to be highly prized by families and young professionals who have been priced out of the city centre but are not prepared to compromise their standard of accommodation.

Apartments are available from just £105,000 with an attractive 6% NET yield. For more information, visit www.surrendeninvest.com or contact Surrenden Invest on 0203 3726 499.

Millennial Magic! Invest in this UK property hotspot with the largest millennial population outside London

Millennial Magic! Invest in this UK property hotspot with the largest millennial population outside London

United Kingdom World , , , ,
  • Manchester is the UK’s leading regional creative talent market (CBRE)
  • Manchester homes to highest number of millennials (CBRE)
  • Growing trends from millennials for an urban waterside living (Surrenden Invest)

 

Research by CBRE has revealed that Manchester is proving to be the most sought after location for millennials.

According to the research, the collective characteristics of locations with creative success include pools of highly educated graduates, good transport links, proximity to world class universities and large populations of millennials.

The CBRE Top 25 has revealed Manchester as the leading city in the UK regional creative talent market by some margin and Home Track research found that Manchester continues to show the fastest growth rate of 8.4%, up from 6.3% a year ago. The city currently holds the largest number of millennials along with a pool of highly skilled and creative professionals, in addition it has the largest number of inventive industries.

Manchester also boasts links to several world-class universities with solid computer science and research rankings. As well as these admirable attributes, office, employment costs and earnings to average house price ratios have been found to be relatively reasonable. That is compared a number of South East locations and London.

“Here at Surrenden Invest we receive no end of interest in Manchester and this high demand does not look set to falter any time soon. Manchester is a very up and coming city full of creative flare, aspiration and opportunity – no wonder we have seen such an influx of young professionals! Millennials are taking over the Manchester market.

Jonathan Stephens, Managing Director, Surrenden Invest

 

So where are these millennials calling home within Manchester and hence, where the savvy property investors are also heading?

Jonathan Stephens of leading investment agency, Surrenden Invests, tips the newly regenerated Wilburn Basin, the point where Manchester meets Salford in the south-west of the city.

Built back in 1864, and used a mooring site on the River Irwell, the area played a key role in Manchester’s industrial heritage but as more modern methods of transportation evolved, so the area fell into disrepair. The last 3 years however have seen the three-acre deserted wasteland transformed into highly desirable waterside living with modern homes, ideal for millennials.

“We have witnessed the growing trend for urban waterside living over the past 6 -12 months, especially from young professionals looking for the perfect blend of city living and nature. Wilburn Basin adheres to this trend perfectly and was an instant hit with phase 1 of the scheme being completely oversubscribed and phase 2 selling fast as it nears completion.”

Jonathan Stephens, Managing Director, Surrenden Invest

 

Wilburn Basin, available through Surrenden Invest, compromises of four distinct blocks which vary in stories, all of which offer fantastic views across Manchester city. Each apartment is built to the highest specification and the residential facilities are exceptional including a 24/7 concierge, architecturally landscaped gardens and seating areas around the river basin as well as a gym, cinema, residents lounge and meeting rooms. Prices for units in the current phase 2 start from £165,000.

For more information, visit www.surrendeninvest.com or contact Surrenden Invest on 0203 3726 499.

Birmingham property market ahead of the Capital as demand outweighs supply by 15 to 1

Birmingham property market ahead of the Capital as demand outweighs supply by 15 to 1

United Kingdom
  • Birmingham ranked higher than London in relation to house price growth (Knight Frank)
  • In Birmingham we have experienced an increasing level of interest, approximately 15 buyers to every unit (Surrenden Invest)
  • New “B5” development on Birmingham’s Southside offers highly sought after B1 postcode (Surrenden Invest)

With the new tax year now in full swing many B2L investors will be reassessing their portfolios and future residential offerings in relation to the government’s removal of financial relief.

How much of an impact this will have on the UK’s property market is yet to be determined. However, many cities across the country are still providing investors with enticing opportunities, sure to encourage a positive year for the market.

And currently it’s the UK’s regional cities with the most to offer. According to Knight Frank’s most recent Global Residential Cities Index, both Birmingham and Manchester are ranked higher than London in relation to house price growth.

Jonathan Stephens, Managing Director of property consultancy Surrenden Invest, is confident that the introduction of the government’s tax changes will not dampen the growing positivity surrounding the UK’s regional property market. He explains,

“Whilst there may be a slight sense of uncertainty surrounding the B2L market as these tax changes are introduced, we expect them to deter only a minimal amount of investors, with the majority of the market continuing as normal. We have just launched a number of exciting projects that will appeal to great deal of investors and ensure a consistent growth within the market. 

“In Birmingham alone we have experienced an increasing level of interest, with approximately 15 buyers to every unit available. And this demand does not look set to falter anytime soon. Birmingham is benefiting from substantial investment in infrastructure and development and extensive job creation as many businesses move to the city. We would expect demand to continue on a positive trajectory, especially in prime, central locations in both Birmingham and Manchester.”

Surrenden Invest’s most recent addition to the Birmingham market is the contemporary B5” development on the city’s Southside, boasting the sought after B1 postcode. This area attracts a wealth of young families, professionals and tourists who are all keen to experience its creative and urban atmosphere.

The iconic Bull Ring Shopping Centre is just a couple of minutes’ walk away and with New Street station only a 5 minute walk away, “B5” offers an excellent living opportunity to a growing rental market. With prices starting from just £155,000, all 100 apartments have been specifically designed for the shared rental market and will include features such as video entry access control, custom built kitchens and hard wood flooring.

For more information, visit www.surrendeninvest.com or contact Surrenden Invest on 0203 3726 499.

Derelict to desirable: Regeneration breathes new life into Manchester’s Wilburn Basin

Derelict to desirable: Regeneration breathes new life into Manchester’s Wilburn Basin

United Kingdom
  • Wilburn Basin offers investors an average price per sq ft 30% lower than similar developments (Surrenden Invest)
  • When complete Wilburn Basin will comprise four distinct blocks varying in height from 8 to 21 storeys (Surrenden Invest)
  • Phase one already complete and rented out and the second due this summer (Surrenden Invest)

It was only a short time ago that Manchester’s Wilburn Street Basin was nothing more than a neglected patch of wasteland. However, the area has recently experienced a radical transformation and is now home to a contemporary residential hub.

Surrenden Invest, a property consultancy at the forefront of this movement, believe Manchester’s thriving property market has led to areas outside the city centre undergoing significant redevelopment. Managing Director Jonathan Stephens explains,

 

“Areas of the city historically seen as outside the core are now providing investors with all the amenities and quality of prime central but at a much lower price point. The Wilburn Basin is the perfect example.

“Falling on the Salford side of the Irwell means that investors are looking at an average price per square foot that is 30% lower than similar developments within a couple of minutes’ walk.”


Wilburn Basin is a brand-new residence situated on the historic River Irwell Basin. It offers an attractive waterside setting to residents in the city centre, within a short walking distance of the central business district and its excellent array of shops and leisure facilities.

When complete Wilburn Basin will be comprised of four distinct blocks varying in height from 8 to 21 storeys which offer fantastic views across the city, setting a new benchmark for combining city centre living with high quality facilities and private amenity space.

Jonathan continues,

 

Wilburn Basin is a project investors can go into with complete confidence with the first phase already complete and rented out, and the second phase completing this summer, whilst also benefitting from the experience and build quality of Manchester’s largest developer.

“This is an area earmarked for substantial capital growth and given the location, will be perfectly suited to take advantage of both Media City and the city centre.”


From just £165,000, all apartments are built to a high specification with Porcelanosa kitchens and Villeroy and Boch sanitaryware. Additional facilities include a private gym, cinema room, a ‘boutique’ hotel style reception with 24 hour concierge and a residents’ lounge. As well as architecturally landscaped gardens and courtyard.

For more information, visit www.surrendeninvest.com or contact Surrenden Invest on 0203 3726 499.

All that glitters is gold as Chinese New Year brings Golden Week property investors to Manchester

All that glitters is gold as Chinese New Year brings Golden Week property investors to Manchester

United Kingdom World
  • Chinese New Year flight bookings to Europe up 68.5% on last year’s festival (ForwardKeys)
  • Chinese interest in Manchester property in Nov 2016 increased by 53.8% vs 2015 (Juwai.com)
  • “Golden Week provides prospective investors with time to travel and explore Manchester before making property purchases” (Surrenden Invest)

This weekend will celebrate the start of Chinese New Year festivities as the country welcomes the year of the Rooster.

Chinese New Year, also known as Spring Festival, holds over 4,000 years of history and is the most important annual event in the Chinese calendar. The holiday also commemorates the first Golden Week of the year, as Chinese nationals enjoy seven continuous nonworking days.

Golden Week is also an opportunity to travel overseas and new figures released by travel experts ForwardKeys show that Chinese New Year flight bookings are up nearly 10% compared to last year. And it seems that Chinese tourists are returning to Europe with a 68.5% increase in flight bookings compared to the same festival period in 2016.

Many wealthy Chinese even combine business and pleasure by taking a holiday that enables them to investigate overseas’ property markets first hand.

Juwai.com, a Chinese property portal for buyers looking to invest in property overseas, stated that in November 2016 Chinese interest in Manchester property had increased by 53.8%, compared to the same month in 2015.

Jonathan Stephens, Managing Director of leading property consultancy Surrenden Invest, has certainly noticed a rise in Chinese buyers directing their investment toward Manchester. He explains,

“Interest for the local property market has increased from Chinese buyers with Manchester’s credentials as an investment hotspot continuing to grow, not only leading the Northern Powerhouse but also challenging London as the buy-to-let capital of the UK.

“Chinese New Year provides prospective investors with the time to travel and explore the Manchester market before making final property purchases. We expect buyers from China to take this opportunity and believe that as interest in the market continues to rise, many will make Manchester their top destination of choice.”

Surrenden Invest’s most recent development in the heart of Manchester, Mason Street, is one such investment opportunity that Chinese buyers visiting this Golden Week might consider.

Embracing modern low-carbon technology to ensure the building is one of the city’s most energy-efficient, Mason Street is located in the historic New Cross neighbourhood, just a short walk from the Northern Quarter. Mason Street will provide a new lease of life for one of Manchester’s heritage buildings as it is transformed into 10 high end apartments from £200,000, with a 2 year guaranteed NET rental return of 6%.

For more information, visit www.surrendeninvest.com or contact Surrenden Invest on 0203 3726 499.