He builds homes, but fears we can’t buy them

Minimum of three years before new new-builds can help to ease crisis

Barry J Whyte

Chief Feature Writer @whytebarry
27th September, 2015
Michael Stanley, chief executive of Cairn Homes Picture Feargal Ward

The housing crisis will not be fixed quickly because Ireland doesn’t yet have a fully functioning house-building market or a fully-functioning mortgage market, according to Michael Stanley, the chief executive of listed housebuilder Cairn Homes.

And it could take at least three years for the development land being released onto the market by the likes of Nama, the banks, and private investors to be turned into housing estates that can be bought by...

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