Growing Population Filling New Houses

A new report was released yesterday from AIB on the current state of the property market. The report expects a slowdown in the rate of price increases and sees a soft landing ahead. The chart below shows up some interesting data for the Longford region. It shows the ratio of house completions to population. Despite all the building in the county the ratio is declining as the population increases to fill up new houses. Fears of overbuilding in Longford due to tax incentives appear to be unfounded and the trend in the chart is very positive for the local market.

New Prison Service Building Under Way

The new Prison Service HQ is well on the way. It is located just outside Longford town near the N4 and is due to open in the first quarter of 2007. About 160 civil servants will be relocating to Longford.