Cardiff, capital of Wales – small country with a big heart
The capital city of Celtic Wales boasts an attractive mix of diverse cultures, modern developments and historic buildings. Star comedian Billy Connolly recently commented “over the last decade, Cardiff has had its lights switched on – like someone has opened the sunroof.” Indeed, somebody has. This is evident in Cardiff Bay, one of Europe’s largest regeneration projects. The project transformed urban dockland into a thriving marina loaded with restaurants, cafes, bars and modern waterfront accommodation: truly stunning on a summer’s day. As a result of such development projects, the past decade has seen significant economic improvements, turning Europe’s youngest capital city into a prime location for property development.
To most that are located within the economic and business bubble of London and surrounding counties, Cardiff may go about its business rather unnoticed. People outside of South Wales may be surprised to learn of the city’s recent success and growth. In fact, in 2007 Cardiff was rated 4th in the whole of the UK for growth potential. Combine this with fact that the city and region is above the national level of competitiveness and it paints a good picture of a city that is doing very well.
Investing in buy-to-let property requires a demand. Through investing in buy-to-let properties in Cardiff, you’re guaranteed to provide a supply to the city’s accommodation demand – you could put your house on it, if you excuse the pun. Recent research confirms that rental prices are on the rise and experts predict that the UK will see a further average increase of 4% over the next 12 months. Young people in the UK are typically finding it harder to buy a property and get on the ladder. This leaves buy-to-lets in demand, particularly in cities that boast major universities and a large population of young professionals. Cardiff has this in abundance. With four fantastic universities, the city hosts up to 65,000 undergraduates and 12,000 postgraduates. Combined with its amazing location, Cardiff’s transport links provide a gateway to the rest of the UK. This has resulted in even more people renting in Cardiff and commuting to neighbouring cities such as Newport, Swansea, and Bristol via the easily-accessible M4 corridor each day.
Investing in Cardiff property holds many benefits. A stand out benefit is that prices are cheaper in Cardiff compared to its fellow major UK cities. In most cases property is up to 50% cheaper than London and even 20% cheaper than Bristol. There is also plenty of buy-to-let opportunities available in this extraordinary city. Whatever your buy-to-let needs are, CPS Homes is a local estate agent that has over a decade of experience. Now managing over 800 properties in the city, CPS Homes can provide local knowledge, buy-to-let assistance, extensive marketing of your property and full property management. For further information on buy-to-let opportunities in Cardiff, please feel free to contact us on 02920454555 or via our award winning website; www.cpshomes.co.uk
Barrie James, Managing Director