Islington Property Market 📊 April 2025
- Jacob Littorin
- May 13
- 3 min read
Updated: May 22
Your monthly property market update covering the latest from the postcodes of N1, N5, and N7 in our beloved Islington, as well as statistics from the UK.
To deliver great standards when I launch as your Personal Estate Agent, I'm currently making checklists for my work to sell your home for the best deal with the least hassle. By reading the greatest books and materials for the residential sales property sector, such as from The Estate Agent Consultancy and the Propertymark level 3 qualification, these checklists are perfected.
Jacob x
Islington's Average Asking Prices
Jacob's note
Unsurprisingly, properties with 2 and 3 bedrooms are slowly increasing in asking price over time. However, these are not completed sales prices.
The asking prices for a 1-bedroom property are quite stagnant. It takes great marketing, expert sales techniques, and an exceptional estate agent to get the highest price for you flat when selling.
Islington's N1, N5, and N7 Rightmove Statistics
Market Takeaways
Sky-high number of homes available for sale.
Sales agreed dropped while price reductions increased.
Average daily views per property were at 74, which is below 2024 (78) and 2023 (78) levels.
Jacob's Note
Sellers need to price right to sell, while the marketing of their property must be excellent. What we see now is a good buyer interest, with a lot of homes to choose from. Getting the price right is everything. Remember, the asking price is not necessarily what it should sell for. Utilising strategies such as Offers in Excess Of or Guide Price can be vital to secure high interest and offers that go above the advertised pricetag.
UK Property Market News
Simon Gates of Opening The Gates reported that there is a great activity in the UK property market despite the turbulences of the Spring, such as the stamp duty deadline in March and USA's 'Liberation Day'.
There are 9.8% more properties on the market, and 7.5% more new listings, compared with April last year.
However, sales agreed upon increased by just 3.7%, while price reductions increased by 19.4%. The number of properties falling through, meaning the sale failed, is up 13.1%. The good news is that the number of withdrawn properties, which are taken off the market, is down -36.3%, signalling that more homeowners want to sell and not just test the market.
Rightmove reported that the average price of property coming to market for sale rises by 1.4% (+£5,312) this month to a new record of £377,182. This is a larger-than-usual April price increase, despite a decade-high number of homes for sale for the time of year
Mover activity remains resilient with new buyer demand up by 5% versus last year and the number of new sellers coming to market up by 4%.
London has also hit a new price record, but this may be short-lived as it is more subject to global uncertainties.
Zoopla reported that the supply of homes for sale is 12% higher than a year ago as more sellers enter the market. Meanwhile, sales agreed are 6% higher than last year. This means the supply is outpacing the sales.
Buyer demand 1% higher than last year, tempered by the end of stamp duty relief, seasonal factors, and economic uncertainty.
Relaxation in stress testing of mortgage affordability by lenders could boost buying power by 15-20%, supporting sales volumes.
Currency Market Update
Steve Eakins of Lumon reported that currency exchange betweenthe US Dollar and the GB Pound is at a one-month high. EUR to GBP exchange is up over 3.5% in the last 30 days.
With last week's base rate cut from 4.5% to 4.25%, the markets now expect two more cuts this year. Goldman Sachs and HSBC both expect rates to end 2025 at 3.75%. The next cut is expected as early as August.
We are in this together. I'm with you all the way, from our first meeting to your completed sale. From the very beginning, I will personally handle marketing, viewings, and negotiation, keeping you updated all the way. As your dedicated advisor, I'm here to shape your roadmap to success. Turn your dreams into reality with your Personal Estate Agent, Jacob Littorin.
Published since 2023 - subscribe to not miss the next edition of Islington Property Market 📊 covering our beloved Islington. 💜
Jacob x
