Superstitious buyers ensure No 13 houses are cheaper

File photo

What’s in a number? About five grand, according to one property website which claimed house-hunters who show scant regard for superstition and buy ‘number 13’ could save money.

To coincide with Friday the 13th, Daft.ie says that it has carried out a regression analysis on almost one million properties listed on the site since January 2006, which has shown the value of homes at number 13 is typically €4,700 cheaper than the average property.

The influence of triskaidekaphobia — the fear of the number 13 — goes beyond the value of house number 13, and also extends to the day houses are bought and sold.

Daft also found that there have been about 13.7% fewer transactions on the 15 calendar dates ‘Friday the 13th’ that occurred since the start of the property price register in January 2010, when compared to regular Fridays.

Ronan Lyons, an economist at Trinity College Dublin and author of The Daft.ie Report, said the findings are evidence that superstition can make an impact on the market.

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,” Mr Lyons said.

“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,” he said.

A Daft survey also found that 9% of people would look to avoid buying or moving into a property with the number 13.

Martin Clancy, from Daft.ie, said that there could be advantages there for those who are less superstitious.

When it comes to superstition and property, triskaidekaphobia 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,” he said.

More on this topic

Survey predicts rise in house prices throughout MunsterSurvey predicts rise in house prices throughout Munster

Cairn Homes shares rise 2% on sales and buybackCairn Homes shares rise 2% on sales and buyback

Cork City Council facing €1m emergency accommodation bill after refusing 29 social housing applicantsCork City Council facing €1m emergency accommodation bill after refusing 29 social housing applicants

Cork City facing €1m bill to accommodate people it turned down for council housingCork City facing €1m bill to accommodate people it turned down for council housing


Lifestyle

SECOND Captains is one of the long-running success stories in Irish podcasting. Ostensibly a sports show led by Eoin McDevitt, Ken Early, and Ciarán Murphy, the former Off The Ball team from Newstalk launched the podcast in mid-2013. two Monday shows are offered for free, with Tuesday-Friday behind a Patreon subscriber model and dubbed ‘The World Service’. It has more than 11,500 subscribers.Podcast Corner: First-class podcasts from Second Captains

The incredible life of Ireland’s first celebrity chef has been turned into a play, writes Colette SheridanHow Maura Laverty cooked up a storm

Their paths first crossed on the top floor of the library at University College Cork in October 2010 when both were students there so Amy Coleman and Steven Robinson were delighted to retrace their footsteps on their big day.Wedding of the Week: College sweethearts open new chapter

Peter Dowdall reveals why all roads will lead to Tullow in County Carlow on February 1Snowdrop patrol: Why all roads will lead to County Carlow

More From The Irish Examiner