Islington Property Market 📊 May 2025
- Jacob Littorin
- Jun 9
- 4 min read
Your monthly property market update covering the latest from the postcodes of N1, N5, and N7, as well as statistics from Greater London and the UK, from me, your Personal Estate Agent in our beloved Islington. 💜
On June 6th, it was Sweden's National Day. Swedes celebrate by eating strawberry 🍓 cream cake 🎂 and singing, and the brave are dancing too. I celebrated in style with friends.
Jacob x
Average Asking Prices
Average Asking Prices Per Bedroom
Jacob's Note
Average asking prices across Islington, Greater London, and the UK all hit a new high. As indicated by the graph, Islington has seen the best increase since January 2023.
Go to www.jacoblittorin.com/islington-property-market to view the interactive graphs.
Islington's N1, N5, & N7 Rightmove Statistics
The latest statistics from Rightmove for the Islington postcodes of N1, N5, and N7. The listings data is for May 2025 compared with 2024 and 2023.
Market Takeaways
Available homes for sale skyrocket to 1,463 across N1, N5, and N7. This is the highest competition among Islington sellers since at least January 2023. Meanwhile, new sellers entering the market dip to 2024's level of 319 new instructions.
Sales being agreed across Islington increased again after seeing a lower number of sales than in both 2023 and 2024 during this year's lull Spring market, following the stamp duty relief increase at the start of April. Sales in May were at 191 against 195 in 2024.
Price reductions increased to 212, considerably higher than in May 2024 and 2023. Meanwhile, certain properties are taking longer to sell in 2025, with more homes staying on the market unsold for over 3 months every month so far this year.
Jacob's Note
When there is a sky-high number of homes available for sale, and the average daily views per property drop below last May's activity, it's a clear signal. As the seller of a property, you must price correctly from the outset to sell your home. Buyers have plenty of choice, which means that your property must be listed with strategic marketing and correct pricing to stand out from the crowd if you want to sell within 3 months and not stay unsold like thousands of homes currently are across N1, N5, and N7.
Visit www.jacoblittorin.com/islington-property-market to view all the interactive graphs. For the London property market, visit www.jacoblittorin.com/london-property-market.
UK Property Market News
Simon Gates of Opening The Gates reported that available homes for sale across the UK are now at their highest level since October 2013. This is due to many more new sellers entering the market. May was the highest month for new listings since August 2020. As indicated by Rightmove statistics, it now takes longer to find a buyer, and almost double the time as it did in 2022.
Gates states that the data is clear: sellers want to sell, rather than just trying the market. The number of homes withdrawing from the market is down 40% this May, both month-on-month and year-on-year. Meanwhile, price reductions in May were up by a whopping 60% on average for May over recent years.
However, Gates concludes that May saw the best sales month since March 2022 and the best May for sales in four years. There is clearly a demand in the market from buyers; however, only for sellers who price competitively. When buyers have plenty of choice from the outset, you need to price your home correctly from the start to attract interest.
Rightmove reported that average new seller asking prices hit a new record nationally, at £379,517. However, this increase is the lowest at this time of year since 2016, as the decade-high number of homes for sale limits price growth. In the borough of Islington, average asking prices also reached a new high at £848,870. Even Greater London hit a new high at £701,990.
This subdued Spring market follows a busy first quarter of the year, when sellers, agents, solicitors, and buyers hustled to complete transactions before the stamp duty increase at the end of March. This has resulted in a dip in new buyer demand this Spring.
Nationally, there are 5% more sales being agreed than in May last year. This indicates that spoiled-for-choice buyers are still being tempted by the right property at the right price. Meanwhile, new sellers listing their properties for sale are 14% ahead of last year. As new seller activity outpaces new buyer demand, it is clear that some caution on price expectations is needed to achieve a sale.
Zoopla reported that the market has rebounded following the lull and reaction to the stamp duty relief ending by the start of April. The number of sales agreed in May is at a 4-year high, up 6% on last year.
The southern regions of the country have more homes available for sale and lower house price growth of less than 1%.
The housing market over 2025 is on track for 5% more sales agreed in total and 2% price inflation.
Jacob's Note
Comparing Islington's N1, N5, and N7 to the national property market, it's experiencing similar developments with a sky-high number of homes available for sale, record average asking prices, and more price reductions. However, the number of new listings and sales agreed are decreasing across Islington. With the number of daily views per property on a downward trajectory so far during 2025, it's showcasing a more subdued Islington market.
Don't forget: there are buyers who want to buy, and sellers who want to sell, because they have to, or should their dream home become available. It takes strategic marketing, targeted outreach, and correct pricing to sell your home in Islington going forward in 2025.
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 negotiations, 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.
Visit www.jacoblittorin.com/islington-property-market to view all the interactive graphs. For the London property market, visit www.jacoblittorin.com/london-property-market.
Published since 2023 - subscribe to not miss the next edition of Islington Property Market 📊 covering our beloved Islington. 💜
Jacob x
