Islington Property Market 📊 November 2025 | Islington Estate Agents
- Jacob Littorin
- Dec 6, 2025
- 4 min read
Hello! 👋 This is 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, Jacob, your Personal Estate Agent in our beloved Islington. 💜
In my first new YouTube series, I showcase how you can create and update a map of property listings, as I've relaunched my YouTube channel! The new series is called Brand Building with Jacob. Check it out today: https://www.youtube.com/@jacoblittorin 💜
Jacob x
The latest from Islington
Jacob's takeaways
Homes for sale are still at higher levels than in the previous years, but with a similar downward trajectory, signalling the seasonal slowdown of the Islington property market.
New listings took a very similar curve to 2024, and have been declining every month since September, driven particularly by homes under £1 million. This is truly a sign of the annual seasonal slowdown.
Sales agreed upon continue to hold steady but have declined since October, and are below the 2024 and 2022 numbers.
Price changes saw a steep decline since October, and are now well below previous years. However, there were still 122 properties reduced in November across N1, N5, and N7.
Buyer demand (average daily views per property) is far below 2024, signalling an anxious market with uncertain buyers during November, an uncertainty fuelled by the Budget and whether homes valued at above £500,000 would be affected by new taxes.
Properties for sale 12+ weeks are still at high levels, above previous years, though is on a downward trajectory.
The cumulative statistics for new listings show that 2025 is proving a better year overall for confidence in the Islington market. There has been a total of 3,686 new listings up until November 30th, compared with a total of 3,490 new listings in 2024. For cumulative sales agreed, it's vice versa, where 2024 is ahead in the race with 40 more sales agreed upon until November 30th.
Withdrawn listings are on a downward trajectory, signalling that homeowners want to move and would rather adapt strategy than withdraw from the market.
The latest news from the UK
Simon Gates of Opening The Gates commented on the new 'mansion tax'. It will apply from April 2028 for properties valued at over £2 million (2026 valuation). Gates states that the implementation presents considerable challenges. Valuing properties that haven't sold for decades will trigger disputes and appeals, dampening transaction activity.
Around 30% of properties in England have not sold since Land Registry records began in 1995, making comparables scarce. For the mansion tax, homes will be reevaluated every five years. This means homes valued at £1.9 million today could well breach the threshold in the future.
Gates also reports on the latest mortgage rates, stating that there is a downward trajectory for rates, with increased mortgage product availability (particularly at higher loan-to-value ratios, LTVs). This is a meaningful improvement for buyers. In the coming years, millions of homeowners will face remortgage decisions. Two-fifths of UK mortgage holders could see their payments increase over the next three years. This would mean 3.6 million mortgage payments rise by June 2028. On the other hand, 28% of mortgage holders (mortgagors) are expected to see a decrease in payments.
Rightmove reported that during November, the decade-high number of homes for sale across the UK, along with the Budget anxiety among sellers and buyers, added to the larger-than-usual seasonal slowdown in prices of properties coming to the market. In addition, asking price reductions are now at the highest level since February 2024, across the UK.
Budget speculation certainly fuelled uncertainty at the upper end of the market. The Budget is now announced, and will impose a new annual mansion tax (high-value council tax surcharge) for properties valued at £2 million or more, from April 2028. Across the UK, Rightmove stated that sales agreed for £2m+ are down 13% year-on-year. Homes priced between £500,000 and £2 million, which would be impacted by potential stamp duty changes, or the rumoured capital gains tax, have seen sales agreed drop by 8% year-on-year.
On the better side, the average two-year fixed mortgage rate is 4.41%, compared to 5.06% this time last year. Falling interest rates and rising wages have boosted affordability, but the market needs further Bank Rate cuts and less uncertainty about mansion- and capital gains taxes.
Zoopla reported that the number of homes available for sale in southern regions is now 8 to 15% higher than a year ago. This helps to create a clear buyer's market.
Zoopla concludes that sales agreed continue to offer the best snapshot of overall market health. Across the UK, the seasonal slowdown arrived a little earlier, with buyer demand down 12% below last autumn. However, the market is proving resilient with sales agreed only 4% lower than a year ago.
The Budget announcement made clear that the new 'mansion tax' will be aimed at the highest-value homes over £2 million, a welcome relief for the wider market, which feared properties over £500,000 could be affected. Zoopla means that with this new clarity, confidence should begin to rebuild after nearly four months of slower activity in late 2025. Zoopla expects the market to gain fresh momentum in 2026.
Jacob's takeaways
You must price your property correctly from the outset to achieve a sale and move to your dream home. As the data suggests, it is not worth it to test an inflated price. With expert strategy and a price that attracts interest, you can achieve a sale and move on to the next chapter of your life. 💜
We are in this together, and this is your monthly Islington Property Market update from Jacob Littorin, your Personal Estate Agent in Islington. Published since 2023 - subscribe to not miss the next edition, always covering our beloved Islington. 💜
Jacob x
