Islington Property Market 📊 March 2025
- Jacob Littorin
- Apr 14
- 4 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 inner London and the UK.
March has been a great month for my journey to becoming your Personal Estate Agent. I visited in early March to explore the area further, get some updated photos, meet more homeowners, and build my network of professionals in the property industry.
While I'm in the Visa process to be able to move to Islington from Stockholm, Sweden, I can prepare and learn as much as possible to be able to deliver a white glove service to you. This update is now the best update Islington has ever seen, with over 20 editions since July 2023. Enjoy! 💜
Jacob x
Rightmove Statistics - Islington & Inner London
The latest statistics from Rightmove for the Islington postcodes of N1, N5, and N7, along with the 312 postcodes of Inner London (see clarification at the bottom). The listings data is for March 2025 compared with 2024 and 2023.*
Available Properties For Sale
New Instructions To Sell Property
Property Sales Agreed
Price Reductions
Properties Listed For More Than 12 Weeks
Average Daily Views Per Property
Market Takeaways
The Islington property market saw a big increase in the number of homes available for sale, an increase also seen across the country. This is fuelled by way more homeowners instructing estate agents to sell their property in March at 321 compared to 294 in 2024 and 2023.
Sales agreed drops in Islington and throughout Inner London. With a wider choice for buyers, who remain affordability stretched but who are also adjusting to the new SDLT thresholds from 1 April, sellers must price competitively with great marketing to sell going forward.
Jacob's Note
Sellers need to price competitively as there are more homes for sale on the market. This is evidenced by the number of price reductions on the rise, with Inner London up at 1615 reductions.
Many more homes for sale but fewer buyers looking on Rightmove, with the average daily views per property dropping below 2024 and 2023 at 72 in Islington - a drop from 94 in March 2024. You need great marketing to catch the eyes of potential buyers in 2025.
UK Property Market News
Asking Prices
Jacob's Note
Islington prices are up 1.8% in March and up 5.6% since last year.
The average increase in Greater London is only up 1% for the month and 1.3% since last year. Islington is clearly in the group of higher performing and more desirable London markets.
Simon Gates of Opening The Gates reported that despite the stamp duty SDLT deadline at the end of March, the market has performed very positively in Q1. Compared with Q1 2024, the UK market: properties for sale up 7.67%. Sales agreed up 14.6%. Price changes up 19.05%. Relisted properties up 23.58%.
Sellers need to understand that buyers had the widest choice of homes for sale in Q1 2025 of recent years, meaning sellers need to be very careful in how they price their homes if they want to move in 2025.
This is evidenced by the fact that the average asking price of new listings hitting the market in Q1 2025 was 5.33% higher than the previous quarter, but the average asking price of properties that had sales agreed was down 1.88%.
Rightmove reported that the UK property market saw a decade-high choice of properties to benefit Spring buyers who miss the stamp duty deadline. This is the highest property choice at this time of year since 2015.
The number of sales being agreed is 9% higher than at this time in 2024, a positive sign for the market post-stamp-duty increase, and the number of new sellers is now 8% ahead of this time last year.
The average five-year fixed mortgage rate is now 4.74%, down from the peak of 6.11% in July 2023, but only marginally lower than the 4.84% at this time last year. Buyer affordability remains stretched.
Zoopla reported that the supply of homes for sale outpaces the growth in sales agreed, while the number of sales agreed continues to rise, up 5% year-on-year. However, London is facing a stamp duty deadline hangover, with demand for homes 3% lower than a year ago
Supply/demand mismatch keeping price inflation 1% or lower in southern regions of England and London.
In the beginning of March, compared to the same period last year, buyer demand is up 10%, new listings are up 11%, the number of available homes for sale is up 11%, while the number of sales agreed is up 5%.
Currency Market Update
Steve Eakins of Lumon reported that with the latest tariffs imposed by the USA, there have been big movements in the currency market. For instance, recently, the GBP-USD exchange hit a 6-month high. The GBP-EUR is down sharply, nearing a 6-month low. For instance, recently, in less than 24 hours, a £500,000 property in the UK became $15,500 more expensive just due to currency exchange movements. That's why, if you're moving overseas, it's important to lock in a favourable exchange rate with a trusted currency partner like Lumon*.
The current stronger pound GBP is great if you are currently relocating to the US, Dubai, Australia, New Zealand, or beyond. GBP-AUD near a 5-year high. GBP-NZD at a 9-year peak. Your money will currently go further abroad.
*This is not a sponsorship.
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
*The listings data from Rightmove shows resale & newly built detached houses, semi-detached houses, terraced houses, unspecified houses, flats/apartments, bungalows, and land. The 312 postcodes of Inner London are SW1P, EC1R, SW5, W1D, WC2E, W1K, N7, EC4R, W1U, W1H, SW1X, SW1V, WC2R, W1F, EC2A, W1T, NW1, W1J, EC2V, EC3M, EC3A, SW3, EC4Y, EC3R, NW8, EC1V, EC1M, WC2H, EC3N, WC1B, EC2R, EC4A, EC2Y, W11, EC1N, EC2V, W8, WC1X, EC4N, W1W, EC2N, EC4M, W2, N1, W1B, WC1E, SW1W, WC2A, SW10, SW1Y, W14, SW1H, WC1R, SW1A, SE1, EC1Y, EC4V, W1S, EC2M, WC1V, WC1N, SW1E, WC2N, W1G, SW7, N5, WC1H, WC2B, WC1A, EC1A, N1C, and W1C.
