THE construction and property sectors are in the early stages of a recovery, but it will be while yet before the improvement is sustainable and here to stay.
The president of the Society of Chartered Surveyors Ireland. Micheal O'Connor, told the society's annual dinner that while numerous indicators showed clear signs of improvement within the sector, there was a still a need for more investment and Government action to copper fasten the recovery.
"To achieve a sustainable and balanced sector, we must see a greater level of bank lending, both in terms of development finance and mortgage finance, and we must see the urgent implementation of the 36 recommendations in the Forfas report on the future of the industry," he said.
"These recommendations are vital to the future success of the construction and property sector and we would once again call on the Government to urgently implement them," he added.
The report is widely seen as a road map to restoring a sustainable level of output for the industry with a target of 12pc of gross national product by 2015, up from the current 6.4pc.
Over 1,200 members of the SCSI, which is the representative body for surveyors and estate agents, attended the annual dinner at the DoubleTree by Hilton Hotel (formerly the Burlington).
The guest speaker was well-known Gaelic games commentator Mícheal O Muircheartaigh.
Mr O'Connor also said that it was vital that we all learned from the experiences of the recent past.
"It is crucial for all of us, members of the society, the broader industry, business leaders, politicians, and so forth, to make absolutely sure that we learn from the bitter experience of the recent past.
"If we never forget where we have been, we will be better able to appreciate the opportunities which lie ahead," he concluded.