Cairn Homes | Business Post

Glenveagh and Cairn diverge on solutions for housing crisis

Construction giants both posted robust profits for last year, but Cairn plans to focus on apartments and Glenveagh is pushing for more high-density own-door developments

Cairn chief says cost of building a home has increased by €160k since 2016

Housebuilder calls on government to ramp up financial support for buyers amid still-rising construction inflation

Housebuilder Cairn Homes says surging interest rates will stop Irish house price rises

Operating profits at the company nearly doubled after a strong rise in sales

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Construction Information Services round-up

The CIS offers the latest on projects on the ground and in the pipeline

Glenveagh executives standdown from council roles ahead of legal action

The developer has sought a judicial review of the new Kildare county development plan which limits the number of homes that can be built

Cairn Homes and Glenveagh Properties take council to court over Kildare development plan

The firms, Ireland’s two biggest housebuilders, say the scheme is based on census data which is out of date

Developers push back against new land-hoarding taxes

Homebuilders and investment funds are lobbying to avoid millions of euro-worth of taxes on inactive land banks which have received planning permission

Cairn seeks to avoid land hoarding fine on former RTÉ site

Developer in line for hit of €3 million per annum on holding it says it can’t develop due to opposition from local residents and other issues

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

Putting a number on future housing developments

A study undertaken by the Business Post of current new home construction figures estimates that up to 21,776 homes will be delivered over the next three years

Cairn and Glenveagh launch High Court challenge to Wicklow development plan

The housebuilders are claiming the new six-year plan relies on out-of-date census data and will put low ceilings on home delivery

Cairn Homes in ‘unique position’ in undersupplied Irish market, say analysts

Fears around inflation have depressed valuations and the housing group’s share price ‘is not adequately reflected in its current valuation’

Cairn Homes reports strongest ever half-year profit of €36m

The Irish homebuilder said it has been able to maintain strong profit margins this year despite significant inflation in the cost of building materials and labour

Cairn Homes shareholders to reap rewards as sales soar

Shareholders to get significant amounts of cash in dividends and share buybacks as home builder benefits from ongoing housing shortage in Ireland

Cairn Homes increases inflation estimate up to 7% for 2022

Listed builder expects reported turnover of €600 million this year

Short and sweet for Cairn Homes as it awaits €100m profit for 2022

A ten-minute agm in Dublin last week, with no awkward questions or thorny issues in evidence, signalled how promising the future looks for the housebuilding firm

Housing targets at risk as developers cite lack of zoned and serviced land

The low level of homes in the pipeline has raised concerns over the state’s target to promote the construction of between 300,000 and 400,000 homes over the next decade to address the acute shortage of accommodation.

Cairn boss says target of 30,000 new homes per year is unlikely to be reached

Head of construction giant blames logjam in the planning system and limited mortgage accessibility for slow delivery

Profits more than triple for Cairn Homes after ‘strongest ever’ performance in the final months of 2021

The Irish home builder said it sold 1,120 new homes last year, which was up more than 50 per cent on 2020

Developers tell council that three-bed flats are not viable in south Dublin

Savills report said a family would have to earn over €150,000 to rent an affordable apartment in Dún Laoghaire-Rathdown