LSL Property Services has said it expects to deliver further profit growth in 2026 as the group pointed to stable housing transactions, growing operational momentum and increasing demand for professional property services amid regulatory change.
In a trading update issued ahead of its AGM on Friday, the group said it had made a positive start to the year despite ongoing uncertainty across financial markets, with trading remaining strong across its core businesses and pipelines described as healthy.
LSL said the London market had shown recent softness, although the group noted it has limited exposure to the capital compared to many competitors.
The company also highlighted how regulatory reforms, including the Renters’ Rights Act and the government’s ongoing Home Buying and Selling Reform consultation, are reshaping the sector in ways that favour larger, technology-driven operators.
DATA AND TECHNOLOGY
LSL said the evolving landscape is increasing the focus on professionalism, compliance and transaction efficiency across the property and mortgage markets.
The group added that continued investment in data and technology remains central to its growth strategy, with the rollout of its broker operating platform progressing as planned to improve adviser productivity and increase protection penetration.
Within its surveying division, LSL confirmed it is pursuing further opportunities for its automated valuation model (AVM) technology after signing its first contract in late 2025.
The company also reported continued expansion within its estate agency franchising division, having supported the acquisition of six lettings books and opened 14 new branches so far this year.
DIGITAL CONVEYANCING
LSL also confirmed it has made a strategic investment in a digital conveyancing business to strengthen its proposition to franchisees and improve cross-selling opportunities across the wider group.
The update highlighted ongoing momentum at Pivotal Growth, LSL’s mortgage network investment business, which continues to scale through acquisitions.
LSL said it remains focused on operating increasingly as “One LSL”, using the group’s combined capabilities to drive growth, productivity improvements and cost efficiencies.
The group added that its enlarged share buy-back programme, launched earlier this year, continues to progress.
The board said it remains confident in the outlook for 2026 and expects performance for the year to remain in line with market expectations.
