China is the world’s largest exporter and fastest growing economy in the world. Chinese investors and the current strength of the Chinese currency means that the cost of buying property assets in central London is 8% cheaper than it was six years ago.
The UK is the most popular European destination for Chinese investment, benefitting from over £8 billion in 2013/14 alone, creating or safeguarding over 6,000 jobs in the UK and in June 2014, £14 billion of trade and investment deals have been signed between UK and Chinese firms
China investing in London
Chinese investment in sub-£1m houses in London grew to a 7.5% portion of all foreign investment in 2013, up from just 2.7% in 2010. Most recent notable investment in London is the signing of a £1bn deal by a Chinese developer to build a new financial district in London's Royal Albert Dock. It will feature offices, shops, and homes all on a 35-acre site in London's Docklands.
China investing in Manchester
Over the last quarter of 2014, Enviro Estates has seen an increase in demand from Chinese investors looking for property in Central and Greater Manchester. Requests range from quay side to city centre apartments, to student property, multiple terraced house purchases and relocation properties.
In terms of investment from Chinese corporations, most notably is the partnership with Carillion and the Chinese corporation Beijing Construction Engineering Group, for the development of the £800m Manchester City Airport project, which will become the UKs first Aiport City and making this one of the largest UK investment projects from China.