Housebuilder Glenveagh says industry facing 'extraordinary' period of rising costs

Glenveagh said it generated total revenue in 2021 of €476m, up from €232m in the previous year which was most heavily disrupted by building site closures due to Covid.

Housebuilder Glenveagh Properties said the Irish building industry is going through ”an extraordinary" period of rising costs, supply issues, and looming labour shortages but that most of the pressures are likely to ease in time.

In a trading update and outlook, Glenveagh said it generated total revenue in 2021 of €476m, up from €232m in the previous year which was most heavily disrupted by building site closures due to Covid.