Wednesday 18 September 2019

Unlucky for some? Why number 13 could save you €5,000

 

Research shows that buying house number 13 is almost €5,000 cheaper than homes with other door numbers. Stock Image
Research shows that buying house number 13 is almost €5,000 cheaper than homes with other door numbers. Stock Image
Charlie Weston

Charlie Weston

It might be considered unlucky for some, but the number 13 could prove to be a boon for those who are not superstitious.

Research shows that buying house number 13 is almost €5,000 cheaper than homes with other door numbers. The research from Daft.ie also found that there are fewer property transactions on Fridays that fall on the 13th.

The number crunchers at the property website carried out a complicated mathematical exercise on properties listed for sale since 2006. They found that the value of homes at number 13 are typically €4,700 cheaper than the average property values.

Daft.ie said the average property value is now €263,000.

The research also found that there were 16 Friday the 13ths since the start of 2010.

But there were 14pc fewer transactions on those days than a regular Friday.

Economist at Trinity College Dublin and author of the Daft.ie report Ronan Lyons said many factors came into play with a property transaction.

"Lots of little factors come into play. The evidence from Ireland's housing market is that, on average, superstition is at work in the housing market," Prof Lyons said.

He said the research showed that properties with the number 13 are cheaper than the average property.

The savings from buying a home with the number 13 on the door could cover the legal fees associated with buying a home, Daft.ie said.

Irish Independent

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