House prices in Islington have plummeted by an average of over £15,000 in the month of January, according to figures from the Land Registry.

Islington is one of the most expensive area to buy a property in the UK despite this month's dip in prices.

The latest data from the government department reveals that in January 2023 average house prices in Islington reached £670,999.

This was down from £686,826 in December, representing a 2.3 per cent decrease. In the last 12 months it has fallen by -4.1 per cent.

If you are interested in buying or renting a home, you can see the latest properties in and around Islington here.

How much have house prices decreased in Islington?

Breaking it down for specific types of housing, all prices saw a decrease.

  • Detached houses - Down to £1,858,196 from £1,903,144 in December
  • Semi-detached houses - Down to £1,288,722 from £1,314,292 in December
  • Terraced houses - Down to £1,109,902 from £1,135,272 in December
  • Flats - Down to £587,677 from £601,714 in December

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How do Islington house prices compare to the UK average?

Despite the fall in prices this month, Islington is still far above the UK average with a typical property value in the nations reaching £289,818 in January.

In cash terms, the average house price in January was £17,080 higher than a year earlier with house price growth accelerating to 6.3 per cent in January 2023. Prices were down by -1.1 per cent month on month.

How much could your house be worth?

We have created this map for the London so you can see the average house price in each neighbourhood since 1995.

Sites like Zoopla can offer an estimate valuation of your house if you input your postcode into their website here.

The above map can demonstrate which areas of Islington are the most expensive for average house prices.