Is Cardiff A Good Place To Buy Property?

From the castle to the stadiums, Cardiff has plenty to shout about — and that’s before you even consider the arts & culture, and the thriving food scene. The Welsh capital has seen a steady growth in its property market in recent years, and it’s no wonder when the city has so much to offer.  Let’s take a look at some of the factors drawing people to Cardiff; including the property market and potential investment opportunities, as well as the best places to buy property within the Cardiff area.

Property prices in Cardiff

The average property price in Cardiff is £292,621, which is similar to the previous year and 4% higher than the 2021 post-COVID peak of £281,116. Property prices are also expected to increase in the long term moving forward. The majority of sales in Cardiff were for terraced homes which sold for an average of £268,993. 

Cardiff property trends

The property market in Cardiff is seeing trends towards steady growth, with extended resilience continuing in the near future. This stability is giving confidence to buyers and investors looking to enter the Cardiff property market. There has been a 15% increase in the average time on the market for properties, when comparing August 2023 to August 2024. Additionally, there has also been a 14% increase in the number of properties for sale in Cardiff in the last year.

Should I invest in property in Cardiff?

There are many different types of property in Cardiff, each with its own benefits and advantages. If you’re thinking about investing, here are some of the types of property you might be considering:

Student Accommodation

Cardiff is a major university city, home to not one but four universities. Students from Cardiff University, the University of South Wales, Cardiff Metropolitan University and the Royal Welsh College of Music and Drama seek temporary housing, making it a great opportunity for investment. Student tenants reduce lengthy rental contracts and provide greater flexibility for investors.

Residential Buildings

By investing in residential buildings, you can rent to a wider range of people including families and young professionals as well as students. There is a wide range of residential properties to choose from in Cardiff, with everything from historic Victorian terraces to modern developments.

Commercial Properties

With Cardiff’s economy thriving, commercial properties are highly appealing to investors. Areas such as the city centre and Cardiff Bay are prime locations for offices, rental units and other commercial opportunities, providing a regular stream of rental income and diversifying an investor’s portfolio.

Where to buy property in Cardiff

Depending on what type of property you are looking to buy, Cardiff has different areas each with their own appeal.

• The famous Cardiff Bay with its stunning waterfront views and bustling city life offers both commercial property opportunities as well as residential. 
• Cathays and Roath are vibrant neighbourhoods with proximity to Cardiff University and Cardiff Metropolitan University. There is a high demand for rental properties due to students, making them great areas for investors.
• Splott is an emerging district housing properties that are steadily increasing in value due to new regeneration projects in the area. Property is therefore affordable and could prove to be a lucrative investment opportunity.

How can Sell House Fast help?

Have you invested in a Cardiff property and need help selling it? SellHouseFast.co.uk can help. Our friendly, knowledgeable team are more than happy to answer any questions you might have, and help you make the first step to a fast cash property sale. We buy any house, and you could receive the funds from your property sale extremely quickly.

Get a free cash offer on your Cardiff property today and sell your house fast!