Homebuilder said that while inflation will add €10,000 to the cost of each new home completed this year, its sales prices were “relatively flat”
Cairn Homes said on Tuesday it expects its full-year operating profit to rise to between €105 million and €110 million, as increased home sales offset the effect of inflation on construction.The Dublin-listed company also said in a trading update that it continues to forecast turnover of more than €650 million this year as its new home sales rise by as much as 20 per cent to 1,750-1,800 units, including 800 social and affordable units.
All of the company’s forecast new home sales for this year and almost 90 per cent of expected closings in 2024 have full planning permission, the company said.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cairn Homes forecasts profits of up to €110m as housing demand shows no let-upThe listed building company said its forward sales pipeline has grown to more than 2,200 homes and that it expects to generate full year revenues of €650m
Read more »
Up to 2,500 ‘affordable’ homes planned for north Co Dublin under €40m Nama dealClongriffin scheme aims to provide cost-rental apartments with rents set 30% below market rates
Read more »
LDA agrees €40m deal with Nama to advance plans for homes in north DublinClongriffin scheme aims to provide cost-rental apartments with rents set 30% below market rates
Read more »
On the market: your guide to detached homes for sale around the countryThese five properties all benefit from sizeable outdoor spaces, and three have sea views
Read more »
Dublin City Council approves plans for up to 3,800 homes in north DublinLabour councillor Joe Costello retired after 35 years in politics, serving as senator, TD and Dublin city councillor
Read more »
Achill railway shed to be turned into new homes‘It’s great to get the opportunity to transform what was a unique building. With its history and legacy we can now create a narrative that will breathe new life into our community in Achill’
Read more »