Builder Cairn Homes warns cost inflation could rise by €10,000 per home

The developer has called on both the government and industry to 'significantly' invest in new housing as building costs continue to rise

Michael Stanley, Chief Executive Officer of Cairn Homes.

Ireland's biggest builder, Cairn Homes has said "significant" more investment and new housing must be delivered by both the government and homebuilding industry, with costs per home expected to rise by a further 4% in 2023.

Chief executive, Michael Stanley said it was "unfortunate" there has been such a significant increase in the cost of delivering new homes in Ireland, warning that additional material and labour costs show no sign of unwinding.