Matt Cooper on housing
There’s great money to be made in promising to build homes for people these days, even if you’re actually constructing very few of those houses or apartments as yet
Last week, even though Ireland is in the midst of a housing crisis caused by a lack of supply, three builders became cash multi-millionaires; they did so because of a piece of financial engineering at their house building company, Cairn Homes. Michael Stanley, his brother Kevin and Alan McIntosh sold 2.1 per cent of the shares in the company, which joined the stock market only two years ago, not long after it was established, for €26.6 million.
Subscribe from just 1€
Choose the subscription that is right for you
For the first month
€19.99 Monthly ThereafterSubscribe today
For the first year
€199.99 annually thereafterSubscribe today
For the first 90 days
€55.00 quarterly ThereafterSubscribe today
These offers are not available for current subscribers. Offers and pricing are subject to change without notice.
Terms & Conditions Apply