North-east property survey 2012
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ATOROUGH, P., 2012. North-east property survey 2012. Aberdeen: Aberdeen & Grampian Chamber of Commerce.
Businesses are optimistic about the future, expecting to achieve their overall objectives and to see both turnover and profits increase. They see opportunity in their sector with over 40% stating that they plan to grow and expand their operations and another 50% planning to consolidate their investment. This is good news for the North-east because if planned growth and expansion objectives are met, these would translate into job creation and a higher contribution from the sector to the region’s economy. However, in order to meet objectives and achieve the anticipated growth, a number of areas must be prioritised and addressed. Respondents identified the most important two areas as improvements in infrastructure and more access to finance and investment. Specifically, it is very clear from these results that the development of the AWPR will represent the most important stimulus to the future viability and success of the property sector in North-east Scotland. To summarise, the property sector is stable, viable and shows potential for future growth. However, this growth can only be achieved with the delivery of developments in local infrastructure and improvements in the ability of the sector to access finance and investments for its projects, both issues that other sector surveys have identified as critical. Interested stakeholders must therefore work to achieve these foundations and enhance the positive environment which is already facilitated by our region’s strong economic profile.