It's $5,500 Cheaper to Buy a Home in Ireland With Door Number 13

It's $5,500 Cheaper to Buy a Home in Ireland With Door Number 13

Residential News » Dublin Edition | By WPJ Staff | July 13, 2018 8:00 AM ET

Friday the 13th may be considered by superstition to be one of the unluckiest days of the year, but according to research by Ireland property portal, the value of homes at number 13 are typically €4,700 ($5,500.00 USD) cheaper than the average Irish property of €254,000 ($296,000) avg. house price nationwide based on Q2 2018 House Price Report.
In order to calculate the price difference, carried out a regression analysis on almost one million Irish properties that have been listed on the site since January 2006.
The research also shows that since the start of the property price register in January 2010,Friday the 13th has occurred 15 times and on those days there are roughly 13.7% fewer transactions than regular Fridays, which are normally the busiest days of the week for transactions.
Ronan Lyons, Economist at Trinity College Dublin & author of The Report commented, "At the top level, the housing market is governed by forces outside of the control of any individual - at the moment, both sale and rental markets suffer from a lack of supply for example, that is pushing up prices. Nonetheless, for specific individuals, homes and transactions, lots of little factors come into play. Here, we can see clear evidence of superstition at work in the housing market. This is true both for prices, with properties numbered 13 cheaper than the average, and quantities, with fewer transactions on a Friday the 13th than on other Fridays!"
The superstition does not stop there, Ireland's No.1 property website also analysed people's perceptions around house numbers and found that nearly one in ten of us (9 per cent) would try to avoid buying or moving into a property at number 13.
Martin Clancy from said, "When it comes to superstition and property, triskaidekaphobia - the fear of the number 13 - appears to be having an impact on not just perceptions but actual property prices. Our research shows that properties at number 13 are 1.8% cheaper than the average Irish property, which could provide a saving to savvy house hunters with no superstitions."

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