Nightmare on UK’s Elm Streets as homes sell for 42% less due to ‘superstition’
To its fans, it’s one of the greatest horror movies ever made – teenagers living on Elm Street in the imaginary town of Springwood, Ohio, are murdered in their dreams (and thus in real life) by Freddy Krueger, a burnt killer with a bladed, gloved hand.
But for many, thousands of miles across the Atlantic, the nightmare doesn’t end when the credits roll. New research reveals that decades after the 1984 film was released, homes on roads named Elm Street across the UK still sell for up to 70% less than the local average due to what experts call “a superstitious market”.
The analysis by Yorkshire Building Society (YBS) looked at residential property sales from the last decade. It found that on average, homes across the UK on Elm Streets fetch 42%
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