Living in a house with the number 13 can save you thousands of euro in Ireland 2 years ago

Living in a house with the number 13 can save you thousands of euro in Ireland

We’re obviously a superstitious bunch.

The value of homes at house number 13 are a little under €4,500 cheaper than the average Irish property according to research released by Irish property website Daft.ie today, Friday, 13 October.

That figure isn’t one Daft.ie simply grabbed from the ether either; in order to calculate the price difference, they carried out regression analysis on almost one million Irish properties that have been listed on the site since January 2006.

As a result, it emerged that the value of homes at house number 13 is €4,335 cheaper than the average Irish property, which, according to the Daft.ie House Price Report for the third quarter of 2017, is €241,000.

The obsession with and apparent fear over the number 13 in Ireland doesn’t stop there.

The research also shows that since the start of the property price register in January 2010, Friday the 13th has occurred 13 times and on those days there are roughly 10% fewer transactions than regular Fridays, which are normally the busiest days of the week for transactions.

Furthermore, the research also found that nearly one in five Irish people (19 per cent) would try to avoid buying a property at number 13, so there’s definitely value and availability out there for those in the market who are in no way superstitious.

Ronan Lyons, Economist at Trinity College Dublin & author of The Daft.ie Report said: “We often think of housing markets as being simply about cold laws of supply and demand. But while these are the top-level forces at work, there are lots of quirks of human behaviour that affect any individual property or transaction.

“What's interesting about this research is that our superstitions appear to affect not only prices - with properties numbered 13 cheaper than the average - but also quantities, with fewer transactions on a Friday the 13th than on other Fridays!“

Martin Clancy from Daft.ie added: “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.”