Cardiff has everything you would expect from a capital at a fraction of the cost of cities such as London. The cost of labour is significantly lower without any compromise on quality. Cardiff has the lowest average gross salary compared to all the English Core Cities and the average salary in London is almost 40% higher than the average for Cardiff.
When you compare the top rental value for grade An office space it makes excellent business sense – Cardiff’s office market is in a prime position to attract global occupiers according to a report by international property adviser DTZ.
In the firm’s latest research on office occupancy costs across the world, Cardiff is ranked the lowest in Western Europe (the research’s occupancy costs take account of rent, running costs, property taxes, fit-out costs and leasing incentives).
An analysis of the cost savings companies can achieve by relocating from London to regional UK cities concluded that Cardiff provides the best value, with cost savings in excess of 40% over 10 years.
Cardiff is also known as an affordable capital city for students who can benefit from some of the lowest rents in the UK. In a survey conducted by the Virgin Alternative Guide to Universities, Cardiff was ranked as being the most affordable of the old University cities. Recent research by the Royal Bank of Scotland also identified Cardiff as one of the most cost-effective place in the UK to go to university. According to the annual survey of more than 2,500 students in 26 university towns across the UK, the city combines low living costs with high weekly earnings from part-time work.
Housing prices, in general, are competitive and the average house price for Cardiff is below that of London, Reading and Bristol.