Chinese hunt for property bargains in Manchester amongst others say Pinnacle Alliance Property Developer
As Chinese property investors heat up prices in many of the world's biggest cities, China buyers are now searching beyond traditional hot spots for bargains and higher returns, ranging from land in Dubai to student housing in Manchester. The investors range from wealthy individuals and private equity funds buying residential units to companies and funds setting up local joint ventures to invest in property projects STUDENT DORMS Student housing, already a hot target for private equity, is also increasingly attracting Chinese investors, some of whom buy such properties without even visiting them first. "It's different if you're buying a 3 million pound ($4.16 million) mansion in London and you want to see it. They're buying primarily for investment, as long as the figures are right they'd be buying anything," said Julie Harvey, director of property investment company Pinnacle Alliance based in London . The Sell , Salford Manchester ...