Estate agency giant says Middle East war ‘yet to impact housing market’
Adam Castleton, CEO at LSL, the parent firm of Reeds Rains and Your Move, says trading so far this year has been as expected.
Estate agency giant LSL says there has been “no adverse impact” on its business so far from the war in the Middle East, as it published its full-year results for 2025.
The parent company of Reeds Rains and Your Move, reports group underlying operating profit increased to £32.6 million (2024: £27.8m), with a record underlying operating margin of 18%.
The group, which describes itself as “the leading B2B platform for UK residential property services” also says group revenue was up 6% to £182.9 million (2024: £173.3m).
No impact
Adam Castleton, Group CEO at LSL (pictured), says: “The macroeconomic and geopolitical environment remains uncertain, with renewed concerns around inflation and interest rate expectations contributing to near-term uncertainty.
“We have not seen any adverse impact on trading across the Group in recent weeks, with front-end metrics remaining stable.
“2025 has been a year of strong delivery and building momentum for LSL. We improved profitability across each division, achieved record margins and generated strong cash, while continuing to invest for future growt,” he says.
Trading in 2026 has been in line with our expectations.”
“Markets are evolving, and so are we. 2025 has been a year of significant activity for the Group. We are focused on disciplined execution and converting the scale and capability of the Group into sustained profit growth and continued high returns on capital.
“Trading in 2026 has been in line with our expectations.”
In January, the group announced the signing of its first Automated Valuation Model (AVM) contract in what was a significant commercial milestone for its surveying and valuation arm, E.surv.
LSL purchased the Huddersfield-based property search firm National Search Service (NSS) at the beginning of the year.
