Manchester to Shanghai: A First for the North

Manchester to Shanghai:

Direct Flight

Chinese airline, Juneyao Air, chooses Manchester as the first UK destination for a direct flight. This service is set to launch on the 1st of July 2024 and will operate on Mondays, Fridays, and Sundays. On the flights, there will be business class and economic classes for a range of travel experiences. One of the benefits is that this route will facilitate economic exchange between the UK and China, as well as deliver a major cultural boost to the North.

Shanghai is China’s largest city and financial hub, with around 185,000 people from across the North already travelling there indirectly each year. This new flight will receive high demand from these individuals across the North. Flights to Shanghai add to the more than 200 destinations accessed from Manchester Airport. Further confirming its reputation as the UK’s global gateway in the North.

Business Hub

The route aims to open up fresh experiences and investment opportunities for businesses across the North, as well as encourage tourism in both cities. Opening up the opportunity for hundreds of thousands of Chinese students to access more than 40 universities within two hours of Manchester Airport. This will raise rental demand for high-quality student accommodation across Manchester.

There will be significant impacts made from the new route that will benefit the North in many aspects. When an airline route from Manchester to Beijing was first launched, in 2016, export values from Manchester Airport to China grew 41%, taking it to £1.29 billion. Furthermore, land enquiries of investment in Manchester received from China doubled in the following two years.

How will this impact the

Property Market?

Boosting the economy can have a significant influence on the property market. A thriving economy will attract more individuals and businesses to the area due to increased confidence. Naturally, this will lead to an increase in rental demand. Often, heightened demand results in rising property prices, as people are willing to pay more for desirable and well-connected areas.

Also, a resilient economy will boost job creation, which will influence employability in the area, attracting skilled professionals. Again, this will have a knock-on effect on rental accommodation in the area. This increased demand created a competitive property market, driving prices upwards.

Areas experiencing higher economic growth also benefit from receiving larger investments, from local investors and international investors. This influx of investments will further enhance the desirability of an area. In summary, a strong economy is a good sign for a strengthening property market.