{"id":573467,"date":"2026-07-07T15:02:19","date_gmt":"2026-07-07T15:02:19","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/573467\/"},"modified":"2026-07-07T15:02:19","modified_gmt":"2026-07-07T15:02:19","slug":"cairn-homes-to-break-e1bn-in-sales-and-deliver-6000-new-homes-this-year-and-next-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/573467\/","title":{"rendered":"Cairn Homes to break \u20ac1bn in sales and deliver 6,000 new homes this year and next \u2013 The Irish Times"},"content":{"rendered":"

Cairn Homes<\/a> recorded a 60 per cent rise in revenue to \u20ac450 million in the first half of the year, with the home builder forecasting its sales will exceed \u20ac1 billion this year for the first time.<\/p>\n

A trading update released by the home builder said it sold 1,130 homes in the first six months of the year, compared to 708 homes in the same period of 2025.<\/p>\n

Cairn\u2019s chief executive Michael Stanley<\/a> said the company would deliver 6,000 new homes across 2026 and 2027.<\/p>\n

\u201cOur continued investment has enabled multiple new project commencements across the greater Dublin area, Cork and Galway,\u201d he said. <\/p>\n

The latest commencements mean Cairn Homes now has 26 active development sites across the country and it is the biggest builder of new homes here. <\/p>\n

\u201cOur closed and forward order book stands at circa 4,800 homes with a value of \u20ac1.8 billion, giving us confidence in our growth trajectory,\u201d Stanley<\/a> said. <\/p>\n

[\u00a0Cairn fails in appeal over \u20ac1m Luas levy for Carrickmines housing schemeOpens in new window<\/a>\u00a0]<\/p>\n

The trading update reaffirmed the company\u2019s previous forecast that it would generate turnover of between \u20ac1.05 billion and \u20ac1.08 billion in 2026 and operating profit of \u20ac180 million to \u20ac185 million. Last year, Cairn Homes booked revenue of \u20ac945 million and an operating profit of \u20ac168.5 million.<\/p>\n

The company disclosed that despite shocks to the construction market, including fuel price rises, its build cost inflation \u201cremains well controlled\u201d at close to 2.5 per cent in the year to date.<\/p>\n

In the trading update, Stanley also said he has begun to observe \u201ctangible results\u201d from targeted Government interventions in the market. <\/p>\n

\u201cGreater policy certainty, stronger public-private collaboration and committed funding are supporting increased housing delivery, particularly in apartments. The Cro\u00ed C\u00f3naithe (Cities) scheme is helping to activate much-needed apartment developments, with more projects moving from planning into construction and delivery.\u201d<\/p>\n

The Cro\u00ed C\u00f3naithe (Cities) scheme<\/a>, launched in 2022, was designed to bridge the gap between how much it costs developers to build an apartment and the price owner-occupiers can afford to pay for them.<\/p>\n

Cairn has sold more than 150 apartments through the scheme at Exchange Square in Seven Mills at prices ranging from \u20ac235,000 to \u20ac400,000, including VAT, for one- and two-bed apartments.<\/p>\n

Stanley said the Government could support further increases in delivery of housing through provision of key infrastructure to unlock land for development. <\/p>\n

\u201cThe Government has acknowledged that challenge and responded to this with the recent approval of over \u20ac800 million in funding to local authorities under the new Housing Infrastructure Investment Fund. <\/p>\n

\u201cThis follows other significant announcements of public infrastructure investments, including multibillion euro plans for commuter rail, electricity transmission, distribution networks and water infrastructure.\u201d<\/p>\n

Cairn trading update also announced that the company\u2019s board would announce a near 4.5 cent interim dividend per ordinary share when the firm\u2019s interim results for the year are released in September, which would be a near 10 per cent increase compared to last year. <\/p>\n

Shares in the listed company were up about 3.5 per cent in Dublin at lunchtime, trading at \u20ac2.61 each. The house builder will publish its half-year results on September 2nd. <\/p>\n","protected":false},"excerpt":{"rendered":"Cairn Homes recorded a 60 per cent rise in revenue to \u20ac450 million in the first half of…\n","protected":false},"author":2,"featured_media":573468,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[73],"tags":[79,16080,18,8752,19,17,67729],"class_list":["post-573467","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-cairn-homes","tag-eire","tag-housing-crisis","tag-ie","tag-ireland","tag-michael-stanley"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/116879304298430141","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/573467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=573467"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/573467\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/573468"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=573467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=573467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=573467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}