Watch live coverage of Environment Committee’s focus on property supply + demand
by Bregs Blog admin team
Minister for the Environment, Community & Local Government, Alan Kelly T.D.
Watch live coverage of the Environment Committee’s focus on property supply and demand today!
It looks like the newly appointed Minister for the Environment, Alan Kelly T.D., is coming under pressure from several sectors of the construction industry with regard to headline housing issues in advance of next month’s budget. However, judging by the glowing report from Michael Clifford in yesterday’s Irish Examiner, Minister Kelly is his own man on this issue and was described as a “possible hero of affordable housing intent on tackling the crisis” (Link: here).
Supply and demand in the commercial and domestic property markets will be on the agenda of the Committee on Environment, Culture and the Gaeltacht today, Tuesday 23rd September, when it meets with Dr Peter Stafford, Director of Property Industry Ireland. Representatives of various vested property interests will be at the meeting.
Michael McCarthy TD, Chairman of the Oireachtas Joint Committee on Environment, Culture and the Gaeltacht, said: “There has been much commentary recently on housing demand and supply in Ireland with some warning of a housing shortage, coupled with sharp price rises, particularly in large urban areas, due to the low rate of housing construction since the property and construction crash. [Today] we will have an opportunity to focus on supply and demand in both the domestic and commercial property markets when we meet with Dr Peter Stafford, Director of Property Industry Ireland. Established in 2011, Property Industry Ireland is a representative organisation with almost 90 member firms drawn from all of the main sub-sectors of the Irish property industry. It’s a chance to engage with an organisation representing many sections of the property sector to get the industry’s perspectives on the current state of the Irish property market and discuss the key issues affecting the property market.”
This meeting will take place at 2.15 p.m. on Tuesday, 23rd September 2014 in Committee Room 4. Committee proceedings can be followed live from 2.15 pm here.
About Property Industry Ireland:
Membership of Property Industry Ireland (PII) is open to all professional firms across the property industry. These include:
- Developers and contractors
- Engineers, architects and planners
- Surveyors and project managers
- Professional service firms, including legal and consultancy experts
- Auctioneers and property advisory firms
- Financiers, including stockbrokers and banks
- Building materials companies
- Business with a significant property portfolio
PII was established in 2011 and its membership totals almost 90 firms. The organisation is already actively engaged in discussions with Government, decision-makers, agencies including NAMA and investors to help achieve a better future for the property sector.
About the Joint Committee on Environment, Culture and the Gaeltacht
Deputies: James Bannon TD (Fine Gael); Noel Coonan (Fine Gael) Leas-Chathaoirleach; Ruth Coppinger (Socialist Party); Marcella Corcoran Kennedy TD (Fine Gael); Barry Cowen (Fianna Fáil); Robert Dowds (Labour); Michael McCarthy TD (Labour) Cathaoirleach; Peadar Tóibín (Sinn Féin); Tony Mc Loughlin TD (Fine Gael); Michelle Mulherin TD (Fine Gael); Catherine Murphy TD (Independent); Éamonn Maloney TD (Labour); Seán Ó Fearghaíl TD (Fianna Fáil); Brian Stanley TD (Sinn Féin).
Senators: Senator Cáit Keane (Fine Gael); Senator Denis Landy (Labour); An Seanadóir Fiach Mac Conghail (Neamhspleách); Senator Hildegarde Naughton (Fine Gael); An Seanadóir Labhrás Ó Murchú (Fianna Fáil): Senator Ned O’Sullivan (Fianna Fáil).