McInerney house completions up 13%

Total private-house completions by ISEQ-listed McInerney Holdings (Ireland, UK and Spain) increased by 13% to 1,831 in 2005, compared with 1,614 units at year-end 2004, the company said this morning in a trading update.

Entering 2006, total housing deposits on hand are 895. These comprise 551 in Ireland, 278 in the UK and 66 in Spain.

Private-house completions in Ireland were 1,138 in 2005, compared with 1,101 in 2004.

House completions in the UK were 658 in 2005, an increase of almost 32% on the 500 housing units completed in 2004.

The company now operates 38 private housing sites in the north of England.

McInerney Spain completed 35 units in 2005, compared with 13 units in 2004.