GDP reaction from LMS

11 September 2026

Ian Robinson, interim CEO of LMS:

It’s positive to see GDP rising for a second consecutive month, but it’s too early to suggest the UK economy has entered a period of sustained growth. The focus now needs to be on how we create the conditions for that momentum to build.

The housing market is an obvious area. Buying and selling a home remains a complex, fragmented process involving multiple organisations and repeated exchanges of information. Improving that process would not only make moving home easier for consumers; it could also reduce friction and make the wider property ecosystem more productive.

There is a significant economic prize. Government research estimates that a Smart Data approach to homebuying could contribute around £2.1 billion to UK GDP annually by 2043 – the largest GDP opportunity identified across the Smart Data use cases examined.

We need to move from talking about the potential of a digital property market to building the infrastructure that can deliver it. LMS's National Property Transaction Network is one example, connecting the different stakeholders involved in a transaction and allowing trusted information to be captured once and reused rather than repeatedly requested. If the UK is serious about productivity-led growth, modernising the way we buy and sell property should be part of the solution.