Islington's average home lost £59,615 in a year, down 8.1% to £673,384: the sixth steepest fall of London's 33 boroughs and the lowest since February 2023.
The average Islington home was worth £673,384 in June 2026, £59,615 less than a year earlier. That is a fall of 8.1% in twelve months, and it is the borough’s lowest monthly average since February 2023.
The figure comes from the UK House Price Index for June 2026, published by HM Land Registry on 19 August. It is a first estimate for that month and will be revised.
Across London as a whole the average fell 2.5% over the year, to £553,870. In England it rose 1.8%, to £293,262. Islington fell more than three times as fast as the capital and moved in the opposite direction to the country.
Where Islington sits among the boroughs
Nineteen of London’s 33 boroughs recorded a lower average price in June 2026 than in June 2025. Fourteen recorded a higher one. Islington’s 8.1% drop was the sixth steepest, behind Westminster, the City of London, Kensington and Chelsea, Hammersmith and Fulham, and Tower Hamlets.
The split is geographic and it is stark. The boroughs losing value are the expensive central ones. The boroughs gaining are the outer ones, led by Barking and Dagenham at 4.3%.
Islington’s immediate neighbours have not moved together.
| Area | June 2025 | June 2026 | Change |
|---|---|---|---|
| Camden | £896,573 | £833,067 | -£63,506 (-7.1%) |
| Islington | £732,999 | £673,384 | -£59,615 (-8.1%) |
| Haringey | £619,058 | £634,444 | +£15,386 (+2.5%) |
| Hackney | £602,842 | £605,442 | +£2,600 (+0.4%) |
| London | £568,050 | £553,870 | -£14,180 (-2.5%) |
| England | £288,115 | £293,262 | +£5,147 (+1.8%) |
Camden is the only neighbour on the same trajectory. Cross the border east into Hackney or north into Haringey and the market held its value or gained.
The fall runs right across the market
This is not one property type dragging an average around. Every category fell, by a broadly similar amount:
- flats and maisonettes, the bulk of what sells here: £559,954, down 8.4%
- terraced houses: £1,141,667, down 7.1%
- semi-detached houses: £1,394,409, down 8.0%
- detached houses: £1,669,506, down 7.3%
Buyers paying cash saw the same thing as buyers with a mortgage, at 8.2% and 8.1% respectively. When a market moves this uniformly, it is usually pricing rather than a change in the mix of what happened to sell.
What it means for you
If you are buying. The first-time buyer average in Islington is now £594,746, down £52,288 on a year ago. That is still £123,117 above the London first-time buyer average of £471,629. The borough remains expensive in absolute terms. It is simply less expensive than it was.
If you are selling. An asking price anchored to a 2024 comparable is now well out of date. In May 2024 the borough average stood at £751,356. It is £77,972 lower than that today, and it has fallen in eight of the last twelve months.
If you are staying put. A lower valuation matters if you are remortgaging and your loan to value has shifted, and it matters for a lease extension or a probate valuation. It does not change your council tax band, which is still set on 1 April 1991 values.
Read the number for what it is. UKHPI reports a mean average, not a median. A handful of very large sales pull it upward, and Islington has enough of those to matter. It is also a first estimate: the Land Registry revises these figures for twelve months after first publication, and the direction of a single month can change. The July 2026 index is due at 9.30am on 16 September.
Related
- Islington house prices: what each part of the borough costs and how the areas compare.
- Islington planning news: what is being built and where.
- Islington roadworks and travel: the current closures and the local driving rules.
Sources
- UK House Price Index for June 2026, HM Land Registry, published 19 August 2026, for the release and its date.
- UK House Price Index: Islington for the borough’s monthly averages, the property type splits, the cash and mortgage figures and the first-time buyer average.
- UK House Price Index for the London, England and comparator borough figures, all from the same June 2026 release.
- About the UK House Price Index, HM Land Registry, for the revision policy and the mean average methodology.
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