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2 November 2018

Hagan Homes vows to construct 2,000 new NI homes in next decade


One of Northern Ireland’s biggest house builders, Hagan Homes, has vowed to build 2,000 new homes over the next decade in a £300m investment.

Founder and chairman of Hagan Homes, James Hagan, said he would build around 200 homes every year for a decade, which he announced as the company celebrates 30 years in business.

Creating and sustaining hundreds of construction jobs, Mr Hagan said the Ballyclare-based company had “no intention of relying on bank funding” for his project.

Mr Hagan said his plan’s viability is helped by the relative affordability of sites for building firms, as well as the affordability of homes for buyers.

“We paid off the banks six years ago, and I’m not going down that road again. We can do what we want. We’re cash-rich at the minute and not paying too much for sites.

“My method in the past has been to build in the middle of housing estates and rundown areas, and it always helps bring the areas up.”

With around a dozen sites in areas such as Newcastle, Belfast and Coleraine Mr Hagan added:  “There’ll be other sites in the next 10 years, and there’s others we’re in the process of buying. We’ll be buying away continually.”

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