SCSI president tells members of building bounce-back

The country needs more office space, more urban housing, increased construction activity and employment — and greater investment and activity at a regional level, Patricia Daly, president of the 5,000-member strong Society of Chartered Surveyors Ireland (SCSI) told last week’s annual dinner, attended by 1,250 guests.

Just prior to confirming a 5% increase in their SCSI Construction Tender Price Index for 2014, Ms Daly noted the recovery in the country’s property, investment and construction sectors: some €5bn was invested in property in 2014, she said, while €11bn was spent on construction projects as the seven-year recession eased out of its slumbers.

According to the SCSI, tender prices have increased steadily since hitting rock bottom in 2010/2011, and the pace of recovery picked up in 2014 (up 2.9% for the latter half alone.)