The population of Perth & Kinross is projected to rise by some 20% over the next 20 years, compared to 7% across Scotland as a whole over the same period.

Several ambitious inward investment projects are planned, including Perth Food and Drink Park, an extension to the Inveralmond Industrial Estate, new business space at Perth Harbour, offices and leisure facilities at Broxden and significant improvements to the city centre’s retail and cultural leisure facilities.

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^{Source: Savills Research}

As part of the Scottish Cities Alliance to promote inward investment across the country, Perth has been promoted to investors from around the world, most recently at the 24,000 delegate MIPIM property exposition in Cannes.

In order to support this growth the Council has identified a number of strategic infrastructure and housing projects around the city which will provide new upgraded junctions and improved access from the A9 across the River Tay to the A93 and A94, a new High School and 5,000 houses on land to the north west of Perth at Almond Valley and Bertha Park. Having a joined up approach to inward investment and the delivery of infrastructure and housing is key to realising the potential that Perth has to play an enhanced role in growing Scotland’s economy.

After many years of planning delays, new homes must be delivered in the new few years to encourage new employers to move their operations to Perth and for existing business to have the confidence to expand their presence in the city.

Outlook

The market in 2015 and beyond

■ Tayside is likely to experience further growth in values over the next five years, albeit at a lower level than Scotland’s city hubs.

■ Key infrastructure and much needed housing projects planned around Tayside have the potential to stimulate activity among buyers and sellers alike.

■ The population of Tayside is projected to rise by some 12% over the next 20 years, including a 20% increase expected in Perth & Kinross, compared to 7% across Scotland as a whole.