The History of Islington Housing (and Why Prices Are So High)

Introduction

Islington, a borough in North London, has long been one of the most desirable areas to live in the capital. Known for its Georgian terraces, leafy squares, and trendy cultural scene, it attracts professionals, creatives, and families alike. But with average property prices around £660,000 in 2025, Islington is also one of London’s priciest boroughs. To understand why, we need to look at the history of its housing and how it evolved into a premium property hotspot.

1. Georgian Beginnings (18th Century)

• During the Georgian era, Islington transformed from a rural village into a fashionable residential area.

• Elegant Georgian townhouses and terraces were built, particularly around Canonbury Square and Barnsbury, attracting the middle and upper classes.

• These homes remain some of the most sought-after properties in Islington today, commanding premium prices thanks to their period charm and historic value.

2. Victorian Expansion (19th Century)

• The Victorian era brought rapid urban growth as London expanded.

• Rows of Victorian terraced houses appeared in Holloway, Highbury, and Finsbury Park, catering to clerks and artisans.

• Many of these homes have since been modernised or converted into flats, appealing to both buyers and renters seeking more affordable entry points into Islington.

3. Decline and Regeneration (20th Century)

• In the early 20th century, Islington’s prosperity waned, and some of its housing stock fell into disrepair.

• After World War II, social housing estates were developed to address overcrowding and poor living conditions.

• By the 1960s and 70s, parts of Islington were considered run-down.

• However, the late 20th century saw waves of gentrification, as professionals and artists rediscovered Islington’s period housing and excellent transport links.

4. Modern Developments (21st Century)

• Recent decades have seen a mix of luxury new-build apartments, warehouse conversions, and renovated Victorian homes.

• Areas around King’s Cross and Angel have been particularly transformed, attracting tech firms, international investors, and affluent tenants.

• High demand, limited supply, and strong rental yields continue to push prices upward.

Why Are Prices in Islington So High?

1. Architectural Appeal

• Georgian and Victorian homes are timelessly attractive, with features like high ceilings, large sash windows, and period façades.

2. Prime Location

• Close to the City of London, West End, and King’s Cross, Islington offers easy commutes and world-class connectivity.

3. Cultural and Lifestyle Factors

• From Upper Street’s restaurants and theatres to green spaces like Highbury Fields, lifestyle appeal drives demand.

4. Gentrification and Investment

• Ongoing regeneration projects, trendy cafes, and boutique shops have turned Islington into a lifestyle destination.

• International buyers and investors see it as a safe long-term bet, further inflating demand.

5. Limited Supply

• Strict planning laws and the conservation of listed buildings mean new housing is scarce, keeping supply tight against strong demand.

Final Thoughts

Islington’s housing history tells the story of London itself: from Georgian grandeur to Victorian growth, post-war struggles, and 21st-century reinvention. Prices are high not just because of location, but because of a combination of heritage, demand, limited supply, and lifestyle appeal.

For buyers and investors, Islington remains both a desirable home and a robust long-term investment — a borough where history and modern living meet.