Housebuilder Cairn Homes reports rise in building costs of €20,000 per home

Cairn Homes say they are trying to shave costs but that inflation added €35,000 in building costs per home in the last two years

Cairn Homes CEO Michael Stanley warned that despite most of the costs they were trying to curb — such as the price of materials and labour — were 'sticky'.  

Housebuilder Cairn Homes has said inflation added €20,000 to the average cost of building one of its new homes in 2022, and expects more increases but at a more modest rate this year.

Cairn Homes chief executive Michael Stanley said the company will have to find ways to reduce building costs, but added that the vast majority of cost increases were “sticky costs” including the cost of material and labour which he said will remain high.