Contains OS data © Crown Copyright and database right 2017

Clissold Park

Arsenal

Highbury Fields

Holloway Road

Highbury & Islington

N1 1

N1 0

N1 9 N1 8N1 7

N1 6

N1 2N1 4

N1 3

N1 5

N1 1

N1 0

N1 9 N1 8N1 7

N1 6

N1 2N1 4

N1 3

N1 5

Angel

Old StreetCity, University of London

King's Cross

Holloway Road

Upp

er S

tree

t

ISLINGTON MARKET INSIGHT 2018

FIGURE 1 Property prices in Islington Achieved prices, 12 months to April 2018 Circles can denote multiple sales in the same postcode, in which case the highest value is displayed

Source: Knight Frank Research / LonRes / Land Registry

Up to £500,000

£500,000 to £750,000

£750,000 to £1m

£1m to £2m

£2m+

Islington market update Average prices in Islington were flat in the year to May 2018, which compared to an annual fall of 4% recorded in May last year. Pricing has bottomed out following a series of declines throughout 2017 as the market adapted to higher rates of stamp duty. Demand has increased as prices rebase and Knight Frank Islington agreed 15% more transactions in the year to April 2018 than the preceding 12 months. Political uncertainty and affordability constraints will continue to weigh on parts of the prime London market and we forecast overall price growth of about 13% between 2018 and 2022.

James Marshall, Islington office head “Market liquidity is comparatively lower among first-time buyers because they have seen prices decline and so have less sense of urgency when looking for a property. As a result, demand is generally lower for one-bedroom flats. However, there is more confidence across the rest of the market because prices have adjusted. Vendors are more accepting of discounts because they also expect a reduction when buying. However, some caution remains as higher rates of stamp duty become fully absorbed and political uncertainty persists and there is a relative lack of higher-value houses on the market. That said, those who bought five or six years ago have likely benefitted from an uplift in equity.”

FIGURE 2

Islington fact sheet

Population: 209,903

AGE OF HOUSING STOCK

Pre-1900

1900-1939

1945-1972

1973-1999

2000-present

33%

12%

22%

12%

21%

STOCK BY PROPERTY TYPE

Flat

Terraced

Semi-detached

Source: Knight Frank Research

86%

13%

1%

Source: Knight Frank Research / Land Registry

AVERAGE PRICEYear to April 2018 £634,780Year to April 2017 £648,380Year to April 2016 £632,250

£1 MILLION-PLUS SALESYear to January 2018 419Year to January 2017 502Year to January 2016 446 £2 MILLION-PLUS SALESYear to January 2018 59Year to January 2017 72Year to January 2016 69

BLUE PLAQUES Gracie Fields, Singer and Entertainer Daniel Defoe, NovelistJoseph Chamberlain, StatesmanSir Basil Spence, Architect

Important Notice © Knight Frank LLP 2018 - This report is published for general information only and not to be relied upon in any way. Although high standards have been used in the preparation of the information, analysis, views and projections presented in this report, no responsibility or liability whatsoever can be accepted by Knight Frank LLP for any loss or damage resultant from any use of, reliance on or reference to the contents of this document. As a general report, this material does not necessarily represent the view of Knight Frank LLP in relation to particular properties or projects. Reproduction of this report in whole or in part is not allowed without prior written approval of Knight Frank LLP to the form and content within which it appears. Knight Frank LLP is a limited liability partnership registered in England with registered number OC305934. Our registered office is 55 Baker Street, London, W1U 8AN, where you may look at a list of members’ names.

ISLINGTON MARKET INSIGHT 2018

RESIDENTIAL RESEARCH

LONDON RESIDENTIAL

James Marshall

Islington Office Head +44 20 3909 6814

james.marshall@knightfrank.com

RESIDENTIAL RESEARCH

Tom Bill Head of London Residential Research +44 20 7861 1492 tom.bill@knightfrank.com

PRESS OFFICE

Harry Turner +44 20 3861 6974 harry.turner@knightfrank.com

Source: Knight Frank Research / LonRes / Land Registry

FIGURE 5 Transaction volumes and pricing data

0

200

400

600

800

1000

Q1-

2014

Q2-

2014

Q3-

2014

Q4-

2014

Q1-

2015

Q2-

2015

Q3-

2015

Q4-

2015

Q1-

2016

Q2-

2016

Q3-

2016

Q4-

2016

Q1-

2017

Q2-

2017

Q3-

2017

Q4-

2017

Q1-

2018

Tota

l sal

es

Ave

rage

pric

e

£4.1m £6.5m £12.7m £4.3m £5.5m £5.7m £4.4m £6.3m £3.8m £3.5m £5.8m £5m £3.8m £7.9m £4.7m £3.7m £5.5m

£500,000

£600,000

£700,000

£800,000

Total sales Total sales (incomplete) Average price Maximum price

Contains OS data © Crown Copyright and database right 2017

Clissold Park

Arsenal

Highbury Fields

Holloway Road

Highbury & Islington

N1 1

N1 0

N1 9 N1 8N1 7

N1 6

N1 2N1 4

N1 3

N1 5

N1 1

N1 0

N1 9 N1 8N1 7

N1 6

N1 2N1 4

N1 3

N1 5

Angel

Old StreetCity, University of London

King's Cross

Holloway Road

Upp

er S

tree

t

FIGURE 3 £ per sq ft prices in Islington Achieved prices, year to April 2018

Circles can denote multiple transactions in the same postcode, in which case the highest value is displayed

Source: Knight Frank Research / LonRes

Year to January 2018 Year to January 2017 Year to January 2016

FIGURE 4 Sales volumes by neighbourhood

Source: Knight Frank Research / LonRes / Land Registry

Up to £800 £800 to £900 £900 to £1,000 £1,000 to £1,200 £1,200-plus

N1 0 N1 1 N1 2 N1 3 N1 7 N1 8

103159 124

135

138

106

88 165 142 90 377 84

63

114111

109

102

73

£818,468 £754,308£729,187

£921,749 £873,792£757,215

£878,859 £687,089 £841,811

£697,400 £673,913 £628,038

£623,235 £653,970 £720,904

£927,713 £802,942 £809,623A

vera

ge

sale

pric

e