LSL has hailed the benefits of switching to a franchise model for its estate agency brand.
A trading update from the company ahead of its full-year results, said cumulative profit over the first two months of the year was around £1m compared with losses of £1.5m and £2m for the same period in 2023 and 2022 respectively.
It said: “Early performance in 2024 reflects the benefit of the reduced volatility of the franchising model.”