Housebuilder Cairn: a third of sales are to first-time buyers

Nation’s biggest house builder says property investors account for less than 10 per cent of sales

12th March, 2017
Michael Slaney, chief executive of Cairn Homes Picture: Feargal Ward

The country’s biggest house builder, Cairn Homes, has said that property investors account for less than 10 per cent of sales for its current batch of 300 houses which have been sold but not yet built.

By contrast, one-third of forward sales, which Cairn has valued at over €120 million in total, are to first-time buyers, according to its chief executive, Michael Stanley.

It is now more than 30 per cent more expensive to rent...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Nadine O’Regan: The reality of vaccinated people is not mine

Emer McLysaght: Words of wisdom from a misguided geography nerd

Ian Guider: G7 edict is a chance for Ireland to change course and develop some global champions of our own

Companies Ian Guider 4 days ago

Elaine Byrne: The West’s ‘vaccine nationalism’ is an arrogant and dangerous game