‘13’ may be un­lucky for some... but not if you’re house­hunt­ing

Irish Daily Mail - - News - By Chris­tian McCashin

IF you’re think­ing of mak­ing an of­fer on that house you’ve been look­ing at for a while, to­day – Fri­day the 13th – is the day to do it.

To­day’s date is con­sid­ered by many to be one of the un­luck­i­est days of the year.

How­ever, new re­search shows there’ll be less hope­ful house hunters mak­ing of­fers. Also, if it’s No.13, it’ll cost €4,000 less than an iden­ti­cal house next door.

Nearly one mil­lion list­ings on the daft.ie prop­erty web­site since 2006 were an­a­lysed, and the price dif­fer­ence was found to be 1.8% less for iden­ti­cal houses where one was No.13.

Trin­ity Col­lege econ­o­mist Ro­nan Lyons, who crunched the num­bers for 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 toplevel 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, but also quan­ti­ties – with fewer trans­ac­tions on a Fri­day the 13th than other Fri­days.’

Homes at No.13 are typ­i­cally €4,335 cheaper than the averus age Ir­ish prop­erty price of more than €240,000.

Fri­day the 13th has oc­curred 13 times since the Prop­erty Price Reg­is­ter be­gan in Jan­uary 2010, and on those days there are roughly 10% less sales than other Fri­days.

This is nor­mally the busiest day of the week for auc­tion­eers as home­buy­ers will of­ten make a bid be­fore a week­end break.

The su­per­sti­tion does not stop there. Ro­nan Lyons also an­a­lysed peo­ple’s per­cep­tions around house num­bers and found that nearly one in five of would avoid buy­ing a prop­erty at No.13.

Daft’s Martin Clancy, who was born on a Fri­day the 13th in April 1984, said: ‘We wanted to see if there was a con­nec­tion between su­per­sti­tion around Fri­day the 13th and ac­tual data.

‘The in­di­ca­tion was that peo­ple are su­per­sti­tious. It’s quite dif­fer­ent an­swer­ing a sur­vey and what peo­ple will do in prac­tice.

‘We also looked at the Prop­erty Price Reg­is­ter since it be­gan in Jan­uary 2010 and there have been 13 Fri­day the 13ths since then, which is creepy too.

‘Fri­day is gen­er­ally the busiest day for trans­ac­tions, but on those Fri­day the 13ths there were 10% fewer trans­ac­tions.

‘So not only is it su­per­sti­tious for Fri­day 13th as the day to buy, but the No.13... those houses sell for less as well, by roughly €4,500.

‘A very good way around it is to buy No.13 and then change the num­ber to a name!

‘Ho­tels avoid hav­ing floor 13’

‘So for some­body not both­ered by su­per­sti­tion it would make sense to buy the No.13. ‘It’s the same with ho­tels, they avoid hav­ing a floor 13 – some air­lines avoid an aisle 13. ‘Su­per­sti­tion is alive and well, but I’m kind of in­vested in it be­cause I was born on a Fri­day the 13th,’ he joked. chris­tian. mccashin@dai­ly­mail.ie

Newspapers in English

Newspapers from Ireland

© PressReader. All rights reserved.