Level of office building over house building 'not sustainable', says developer

Cairn Homes CEO, Michael Stanley, said in order to reach the Government’s goal of 300,000 new homes by 2030, 25,000 of the 50,000 new units per year would have to be apartments

Construction work on the site of a new apartment block in Dublin in March. The chief executive of Cairn Homes has said that apartment construction will need to increase significantly if housing targets are to be reached. File picture: Colin Keegan, Collins Dublin.

The high level of office building versus the low level of residential building in cities such as Dublin and Cork is “simply not sustainable”, the chief executive of Cairn Homes has said, adding that apartment construction will need to increase significantly if housing targets are to be reached.

Michael Stanley was speaking following Cairn Homes' annual general meeting (AGM) in Dublin on Thursday.