As Wales’ capital continues to expand, Cardiff’s rental market is experiencing significant growth. With an increasing population, strong economic performance, and a thriving cultural scene, Cardiff is becoming an increasingly attractive city for renters. This surge in demand has resulted in a highly competitive market, with certain property types and locations seeing higher demand than others.
What’s driving rental demand in Cardiff?
- Population growth and urbanisation
Cardiff’s population is projected to keep growing, driven by both domestic migration and international arrivals. The city is not only home to a large student population but is also attracting young professionals, families, and retirees looking for a vibrant yet affordable place to live. This growing demand for housing is putting pressure on the rental market, particularly in areas close to the city centre, transport links, and key amenities.
- Proximity to Cardiff University and other educational institutions
Cardiff University and other higher education institutions continue to bring students from all over the world to the city. This has created a strong demand for student accommodation, particularly near campuses and public transport links. Purpose-built student accommodation (PBSA) is in high demand, along with houses and flats to let in popular student areas like Cathays and Roath.
- Increasing interest from young professionals
Cardiff’s appeal as a vibrant city with a relatively low cost of living compared to London is attracting young professionals. Areas like Cardiff Bay, Canton, and Pontcanna are becoming popular with this demographic, thanks to their proximity to employment opportunities, lively cafes, restaurants, and green spaces. This has led to an increased demand for modern apartments, particularly those offering good transport links to the city centre.
Types of properties in high demand
- Student accommodation
With Cardiff’s universities attracting thousands of students each year, student accommodation remains a key driver of rental demand. Properties with easy access to campus or good transport links are particularly sought after. HMO (houses in multiple occupation) properties continue to be in high demand, offering shared living spaces that cater to groups of students.
- City centre apartments
The demand for apartments in Cardiff’s city centre has been growing steadily. Young professionals are increasingly looking for modern apartments with amenities, such as gyms, concierge services, and communal spaces. Proximity to transport links and the city’s vibrant social scene is another key factor driving demand for city centre living.
- Family homes in suburban areas
Families looking for more space and a quieter environment often choose suburban areas such as Llanishen, Whitchurch, and Rhiwbina. These areas offer good schools, green spaces, and a strong community feel, while still being within easy reach of Cardiff’s city centre. Family homes in these areas, particularly semi-detached houses with gardens, are in high demand.
- Pet-friendly properties
As more renters look for long-term rental properties, the demand for pet-friendly homes is on the rise. Landlords who are willing to accommodate pets are seeing more interest from tenants, particularly in suburban areas where larger properties and outdoor space are available. Properties that cater to tenants with pets, such as houses with gardens, are becoming increasingly popular.
The future of Cardiff’s rental market
With continued population growth and rising demand for housing, Cardiff’s rental market is set to remain competitive in the coming years. Investors looking to enter the market will need to stay tuned to trends and target high-demand areas and property types. Whether it’s student accommodation, city centre apartments, or family homes in suburban locations, there are plenty of opportunities to tap into Cardiff’s expanding rental market.
Contact us to explore rental opportunities in Cardiff
