Fewer people taking out mortgages in Longford despite economic upturn

Liam Cosgrove

Reporter:

Liam Cosgrove

Email:

liam.cosgrove@longfordleader.ie

The number of prospective homeowners looking to get on the property ladder in Longford is on the slide, new figures show.

According to latest figures published by the Central Statistics Office (CSO) confirmed there were 3,864 households in Longford with mortgages in 2016.

This compares to 4,209 which were accounted for five years earlier at a time when Ireland's unemployment levels reached as high as 14 per cent.

That shift has sparked a corresponding increase in Longford's rental market with 5,076 households deemed to be under the rental accommodation banner in 2016 compared to 4,692 in 2011.

Housing supply has also tapered off. By the end of April 2016, Longford had 15,092 permanently occupied dwellings, almost 700 fewer than the 14,410 which were recorded in April 2011.

The five year gap brought with it a marginal decrease in Longford's overall housing stock, a period which saw levels fall from 18,823 to 18,591 in 2011.