Cairn Homes Sees Continued Growth Amid Geopolitical Challenges

Cairn Homes Plc reports a robust trajectory for FY26, buoyed by a growing demand for new homes. As of the latest update, the company's order book comprises approximately 3,850 new homes, translating into net sales values of €1.5 billion. This represents an increase of around 400 homes since the previous report in March. Cairn Homes is poised for further growth with upcoming spring launches targeting first-time buyers and a pipeline of apartments under mixed tenure schemes.

Despite geopolitical volatility impacting build cost inflation, which currently stands at 2.5%, Cairn does not anticipate significant deviations from its full-year outlook. The company remains committed to sustainability, having recently delivered 600 Passive House apartments in Dublin, aimed at reducing tenants' utility bills.

The firm forecasts delivering approximately 6,000 new homes between this year and next. Financial guidance for FY26 includes expected revenue of €1.05 to €1.08 billion and operating profit between €180 to €185 million.