Hagan Homes' Record Year, New Projects

0:00It's April 1st, this is Europe News Today, European news powered by AI. Hagen Holmes, the Bally Claire-based house builder in Northern Ireland, just dropped some strong numbers for their latest year ending last June. Turnover jumped 23.6% to 17,400,000 pounds, up from 14,100,000, though. Year before, pre-tax profits climbed 2, hitting 1,730,000 pounds. They also saw retained profits rise nearly 30% to 1,210,000 pounds, with net assets growing 3.3% to 37,700,000 pounds. This all points to solid demand for new homes, even with headwinds like mortgage costs and rising expenses across the board. House prices in Northern Ireland are climbing 6 times faster than the UK average, per nationwide data, which helps explain the buzz. Hagen's been busy wrapping up spots like spring water and Bally Claire, with 77 homes, on their village in Comber, and 131 in East.

1:03Belfast, while pushing forward on bigger plays. Now they're breaking ground on fresh sites, including Valentine Garden Village in Lisburn, a 50 million pound project, with 138. Homes over 4 years. Stock levels hit 19,600,000 pounds, as they pour cash into more construction, and they've delivered over 5,000 homes. In the last 30 years, managing director Jim Burke is steering big growth, with 20 million pounds lined up for land buys and at least 160 new homes on. Deck, steady demand keeps them rolling, building energy efficient spots where folks need the most, setting up for more wins ahead.