Buyer supports puts one of Ireland’s biggest private housebuilders on course to €100m profit

Cairn Homes said many of its first time buyer customers would not be able to buy without government help

Michael Stanley, the chief executive of Cairn Homes. Picture: Rollingnews.ie

Cairn Homes said inflation added €20,000 to the cost of one of its newly built properties over the past year.

However, it said government supports for first time buyers have helped to keep demand high, boosting its sales significantly compared to 2022.

In a trading update today the firm Cairn, one of the largest housebuilders in the country, said inflation “persisted” into the second half of 2022, albeit “at more moderate levels”.

The firm said ...