LSL Property Services posts strong trading results and expects further growth – The Intermediary

LSL Property Services issued a trading update ahead of its annual general meeting (AGM), posting strong financial and operational performance. 

The group expects further profit growth in 2026, in line with market expectations, after a positive start to the year and stable UK housing transactions despite uncertainty in the financial markets.

LSL said it has maintained strong market positions across its core businesses with healthy pipelines. 

Regulatory changes, including the Renters’ Rights Act and the Home Buying and Selling Reform consultation, are driving higher standards and a greater focus on professionalism and transaction efficiency. 

LSL said it is well positioned to support partners and benefit from these developments.

The group continues to invest in data and technology to enhance productivity and support growth. 

The roll-out of its broker operating platform is on track and is expected to improve broker productivity and protection penetration. 

In surveying, LSL signed its first AVM contract in Q4 last year and is actively progressing further opportunities with partners.

Additionally, LSL has added scale to its estate agency franchising business, supporting the purchase of six lettings books and opening fourteen new branches this year. 

The group has also made a strategic investment in a digital conveyancing business to strengthen its offer to franchisees and increase cross-sell opportunities.

Pivotal Growth continues to build momentum, completing further acquisitions and scaling profitably.

The board thanked colleagues for their continued efforts and support and said it will provide a further update at the interim results in September.