Irish house builders will 'barely be profitable' this year     

According to broker Davy, activity will recover next year close to 2019 levels, while house price falls this year will not be as severe as one feared. Picture: File picture

The Irish house builders will "barely be profitable" this year as the lockdown and health regulations hit the market hard, according to broker Davy. 

It said that the stockmarket-listed Cairn Homes "will see almost all previously estimated 2020 profits eroded, with Glenveagh Properties likely to break-even".