Property Developer Cairn Homes marks 'strongest ever' performance as operating profits rise to €113m

Home builder said it delivered over 500 new starter homes at an average price of just under €400,000 last year.

Michael Stanley, CEO of Cairn Homes. Pic. Keith Arkins No Repro Fee

Property developer, Cairn Homes has posted a more than 10% rise in profits with high demand and record sales completions leading to the firm's "strongest ever financial and operational performance."

Releasing its annual results on Thursday, the house builder delivered over 1,740 homes in 2023, up from 1,526 in the previous year, generating an 8% rise in revenue totalling €666.8m.