If you want to make money, build houses in partnership with government during a housing crisis.  That’s the lesson market-watchers can take from Glenveagh’s 2024 results released this Thursday. The property developer’s decision to pivot away from developing apartments for private investors illustrates the trend in this week’s headlines showing that planning permission approval for apartments was down almost 40 per cent last year on 2023 figures. All in all, 2024 was the breakthrough year Glenveagh hoped it would be after a steady but unexciting 2023. Chief executive Stephen Garvey called it a “landmark year”. Investors will be kept happy…

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