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Government action and investment will consolidate recovery

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DINNER EVENT: At the Society of Chartered Surveyors of Ireland annual dinner were John Grady (RIAI), Ciara Murphy (Director General of the Society of Chartered Surveyors Ireland) and Brian O'Driscoll (SCSI Director of Regulation)

DINNER EVENT: At the Society of Chartered Surveyors of Ireland annual dinner were John Grady (RIAI), Ciara Murphy (Director General of the Society of Chartered Surveyors Ireland) and Brian O'Driscoll (SCSI Director of Regulation)

Michael Donnelly

DINNER EVENT: At the Society of Chartered Surveyors of Ireland annual dinner were John Grady (RIAI), Ciara Murphy (Director General of the Society of Chartered Surveyors Ireland) and Brian O'Driscoll (SCSI Director of Regulation)

THERE is a growing sense that the construction and property sectors are "turning a corner", although the market is still some way away from what could be called a recovery.

The president of the Society of Chartered Surveyors Ireland. Micheal O'Connor, told the society's annual dinner that more investment and Government action is required to consolidate 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.

"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 12 per cent of GNP by 2015, up from the current 6.4 per cent.

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 Mícheál Ó 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 said.

Irish Independent