The sites are located at Howth, county Dublin and Bray, county Wicklow. The group has seen strong private buyer interest and sales for its starter-home schemes so far this year, in a market where supply continues to lag behind demand. All units associated with the group’s 2019 delivery target of 725 homes are now sold, signed or reserved, with the exception of the 90 unit Herbert Hill apartment scheme in Dundrum, where a bulk sale process is expected to complete in the second half of this year. The strong reservation rate year-to-date demonstrates we are delivering product where it is most needed and has been welcomed by private buyers and institutional investors.”The group is currently building houses and apartments on 16 sites. Looking forward, Glenveagh said it is confident that full year results will be in line with its expectations.

Source: Irish Independent June 07, 2019 06:11 UTC