Connells reports ‘robust’ results despite profit drop

Like other property PLCs, Savills' profits have surged this year. The firm's UK Residential Transaction Advisory business posted record revenue in H1, nearly doubling (+97%) compared to last year.

'We have thoroughly tested the hybrid model and have reached the conclusion that it does not produce a viable economic result', says Connells chief David Plumtree

Real estate giant predicts declines in transaction volumes 'across a number of markets' in 2019; full-year results reveal dip in group profits, although UK resi business turns in a 'resilient' performance …