Cairn Homes Sees Surge in First-Time Buyer Demand, Plans Output Increase

Dublin, Ireland – Cairn Homes, a leading Irish homebuilder, reported a significant increase in both profit and revenue for 2025, driven by strong demand, particularly from first-time buyers utilizing government grants. The company likewise announced plans to ramp up housing output by 35% over the next two years.

First-Time Buyers Dominate Cairn Homes’ Sales

Approximately 50% of Cairn Homes’ customers are now first-time buyers taking advantage of Government grants, according to Chief Executive Michael Stanley as reported by the Irish Times. This figure represents a consistent trend, with roughly half of the company’s output historically going to first-time buyers Stanley stated.

Financial Performance and Growth Targets

Cairn Homes reported revenues of €944.6 million for 2025, a 10% increase year-over-year, with 2,365 homes delivered according to the Independent. Operating profit rose 12% to €168.6 million, and profit after tax reached €132.7 million the company announced.

The company is targeting the delivery of around 6,000 homes between 2026 and 2027, including approximately 3,200 units in 2027, representing a 35% increase in output as detailed in their latest report.

Increased Interest from Private Rented Sector Investors

Cairn Homes is also seeing a resurgence in interest from private rented sector (PRS) investors, following a period of reduced activity. This renewed interest is linked to changes in rent controls and design standards Stanley explained. The company is currently in discussions with potential PRS investors but has no firm deals to announce at this time.

Order Book and Future Outlook

As of Tuesday, March 4, 2026, Cairn Homes had a closed and forward order book of 3,452 homes with a total sales value of €1.32 billion, up 33% from the previous year the company reported. The average selling price (net of VAT) increased to €392,000 in 2025, from €383,000 in 2024.

Cairn Homes has upgraded its revenue guidance for 2026 to approximately €1.05 billion-€1.08 billion according to recent statements.

Middle East Conflict Impact

Regarding the potential impact of the Middle East conflict, Michael Stanley indicated it was too early to assess any price shocks to the company as reported by the Irish Times.