Average price of a home delivered by the company last year fell to €383,000 from €389,000 in 2023
Irish homebuilder Cairn Homes said revenue and profit at the company rose last year, despite a fall in the average selling price of homes.
Commencements also ramped up during 2024, with more than 4,100 new homes started, including 19 large-scale developments, compared to 2,162 commencements in the prior year. The 12-month period also saw the construction company close a number of deals that will deliver about 2,150 social and affordable homes in the coming years, including a transaction with the Land Development Agency, Cairn’s first under the Project Tosaigh 2 platform.
“With the imminent formation of a new Government, intense focus will quickly shift to housing policy. While this remains a complex and multi-faceted challenge, the new Government must continue to prioritise essential affordable housing delivery,” Mr Stanley said.
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