Cairn Homes chief executive Michael Stanley: 'In 2025, we incurred our largest ever outlay in construction activities and new site commencements.' It followed new apartment construction guidelines, unveiled over the summer, including an increase in the number of studio apartments developers could include in a project and a reduction in the minimum permitted size of apartments. “Cairn now has developments with over 4,000 apartments under construction, including cost rental, social, affordable purchase, Croí Cónaithe, age friendly housing and for other private purchasers,” said Mr Stanley. The Croí Cónaithe scheme is designed to support construction of apartments for owner-occupiers. “Larger apartment schemes under construction for our State-funded partners are now being delivered at VAT inclusive average selling prices in the low €400,000s.

Source: The Irish Times January 20, 2026 09:43 UTC