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However, LSL offset the lower number of transactions through its lettings and mortgage broking services.
The acquisition provides LSL with additional scale and market share in financial services, complementing LSL's existing businesses and further strengthening LSL's position as a distributor of mortgage and non-investment insurance products.
5%, LSL said, but there was growth in its lettings and financial services divisions.
Owner of estate agents Reeds Rains and Your Move, LSL said that rents declined from November to December by 0.
Rents first dipped below inflation in June 2013 and continued on a trend of below-inflation increases up until last month, LSL said.
David Newnes, director of LSL, said rent rises are still "modest" when it is borne in mind that this is usually a busy time of year as the market gears up for the rush of students in the autumn.
LSL said landlords have also been encouraged to invest in more buy-to-let properties, which is helping to widen the choice for tenants.
Statutory LSL entitlements in Australia enable employees who have completed an extended period of employment to take a period of paid leave.
Based on the material from the NPSAV, variation is most visible in cell shape, the position and shape of the antapical spine, length and direction of R3, the distance between R2 and R3 and the longitudinal expansion of LSL.
David Newnes, director at LSL Property Services, said: "For many households, the dream of home ownership is still relegated to the imagination.
David Newnes, from LSL, said: "Releasing pressure to buy a home is unlikely to change the long-term trend for renting.
LSL, which owns national letting chains Your Move and Reeds Rains, noted that the rate of rent rises slowed in May.
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