Glenveagh reports strong demand for homes after profits tumble

CEO says high construction price of apartments compared to houses still an issue

Glenveagh lodged plans in December for more than 1,000 homes in the Cork Docklands on the Live at the Marquee site.

Irish homebuilder Glenveagh said the company has already sold, signed or reserved 950 new homes for delivery this year.

The developer plans to deliver 1,150 homes by the end of the year if they can return to full construction on April 5. Despite the impact of Covid, Glenveigh delivered 700 homes last year, a fall of 17% compared to the 844 new homes in 2019.