Islington’s Housing Market: A Buyer’s Opportunity Amid Rising Rental Demand
The Islington housing market is currently very favorable for buyers. The Average home price in January 2025 in Islington was £654,000 which is down 4.2% from January 2024. This means that it is cheaper for people to buy in the market right now as the prices are lower. Compared to London, the average home price rose from January 2024 to January 2025 by 2.3%. The house prices are also growing at a slower rate than the inflation rate at the moment. This puts Islington in a position for growth, as people will be more willing to buy in the neighborhood due to the prices.
Additionally, there has been an increase in supply of homes on the market in London. The increase in supply combined with the drop in prices indicate that right now is a buyers market.
One of the reasons for the drop in prices is due to higher stamp taxes on purchased homes. This can scare first time buyers out of the market, however, it is also a good time to buy.
On the other hand, average monthly rental prices rose 13.1% from January 2024 to January 2025 compared to greater London which only rose by 11.0%. While this does not necessarily help renters, the trend shows that Islington is very appealing to renters right now, and means there is a big opportunity for growth and development in the area.
With home prices dropping but rental demand booming, Islington is growing to be a spot for buyers, investors, and developers looking to take advantage of the market.
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