What Cairn Homes’ results tell us about winners and losers in Irish property

How have we gotten here and who does it benefit?, asks Jack Horgan-Jones

9th March, 2017
Safe as houses? Pic: Getty

Cairn Homes, the publicly quoted home builder, posted a healthy set of results this morning. Revenues were up to €40.9 million from €3.7 million in 2015, it has started building and selling houses (around 20 per week, according to the company), and is turning a profit.

Good for them - the top brass at Cairn are certainly paid enough to demand these kind of results. Chief executive Michael Stanley is paid €425,000 a year, plus an annual...

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