LSL Property Services has started a £10m share buyback programme that will run until June 30 this year.
The group - which includes the Reeds Rains and Your Move brands - will purchase up to a maximum of 10,515,895 ordinary shares, in a move approved by its shareholders last year.
Numis Securities Limited has been appointed to carry out the non-discretionary share buyback which starts immediately and repurchased shares will held in treasury.