Islington house prices dropped slightly in June

House prices dropped slightly, by 0.5%, in Islington in June, new figures show.

By Will Grimond, Data Reporter

A close up shot of some estate agents signs
Photo: RADAR

House prices dropped slightly, by 0.5%, in Islington in June, new figures show.

The drop contributes to the longer-term trend, which has seen property prices in the area suffer a 1.8% annual decline.

The average Islington house price in June was £696,363, Land Registry figures show – a 0.5% decrease on May.

Over the month, the picture was different to that across London, where prices increased 0.5%, and Islington was lower than the 0.7% rise for the UK as a whole.

Over the last year, the average sale price of property in Islington fell by £13,000 – putting the area 31st among London’s 33 local authorities with price data for annual growth.

The highest annual growth in the region was in City of London, where property prices increased on average by 22.5%, to £1 million. At the other end of the scale, properties in Kensington and Chelsea lost 11.2% of their value, giving an average price of £1.3 million.

First steps on the property ladder

First-time buyers in Islington spent an average of £653,000 on their property – £11,000 less than a year ago, but £34,000 more than in June 2018.

By comparison, former owner-occupiers paid £745,000 on average in June – 14.1% more than first-time buyers.

Property types

Owners of detached houses saw the biggest fall in property prices in Islington in June – they dropped 1.1% in price, to £1,935,073 on average. Over the last year, prices dropped by 1.4%.

Among other types of property:Semi-detached: down 0.9% monthly; down 1.5% annually; £1,343,545 averageTerraced: down 0.5% monthly; down 2.3% annually; £1,146,882 averageFlats: down 0.5% monthly; down 1.7% annually; £610,724 average

How do property prices in Islington compare?

Buyers paid 31.9% more than the average price in London (£528,000) in June for a property in Islington. Across London, property prices are high compared to those across the UK, where the average cost is £288,000.

The most expensive properties in London were in Kensington and Chelsea – £1.3 million on average, and 1.9 times the price as in Islington. Kensington and Chelsea properties cost 3.9 times the price as homes in Barking and Dagenham (£347,000 average), at the other end of the scale.

Kensington and Chelsea also had the highest property prices of anywhere in the UK.


Average property price in June

  • Islington: £696,363
  • London: £527,979
  • UK: £287,546

Annual change to June

  • Islington: -1.8%
  • London: -0.6%
  • UK: +1.7%

Highest and lowest annual growth in London

  • City of London: +22.5%
  • Kensington and Chelsea: -11.2%

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