Profits plunge at Savills as global property markets ‘normalise’
Global property consultancy reports a sharp contraction in revenue and profits, but Chief Exec Mark Ridley suggests 'most markets appear to be past the moment of peak uncertainty.'
Savills profits slump as ‘obvious challenges’ hit global real estate activity
London-listed international real estate consultancy has seen pre-tax profits fall from £50.4mn in H1 2022 to just £6mn in H1 2023. But Prime Residential markets "have remained relatively buoyant".
Savills boosts Country House Department with trio of top-level appointments
Phillippa Dalby-Welsh's team has made heavyweight hires from Knight Frank and Strutt & Parker.
Savills makes ‘major hire’ to lead new SW London sales division
After nearly two decades with Chestertons and a spell at Druce, Cory Askew has joined Savills as a Regional Director to helm sales across the South West London Parks region.
Most read
Agency seals trio of £20mn-plus sales in St John’s Wood as top-end buyers pounce
Savills reports £130mn pre-Budget transaction flurry in prestigious NW London neighbourhood - and predicts a busier-than-usual close to the year.
Project London doubles revenue & kicks off international expansion
High-end design studio founded by two former buying agents reports 'landmark' year & gears up to launch Dubai base.
Expanding brokerage signs super-prime Surrey specialist from Savills
Ben Hehir will be based between the firm's Cobham office & Mayfair HQ.
Bentry lines up super-prime play in Hampstead after pre-Budget swoop
Investor-developer sees off strong competition to secure landmark Edwardian mansion for £16.4mn; plans to deliver around 50 top-end apartments as part of grand 'Sandringham-style' residence.
Relaunched luxury scheme leads resi revival in St James’s Park
Sales team reports renewed buyer interest at The Broadway as raft of redevelopments signal SW1 'renaissance'.
Prime Purchase adds new director in the Cotswolds
Savills-owned buying agency continues its recruitment drive, strengthening its country team with another established operator.
My Property Career: Quickfire Q&A with Chelsea Whelan
Recruitment guru Barry Collins chats with prime resi industry leaders & entrepreneurs, distilling decades of experience & career highlights into 60 seconds.
Prime Central London price declines to ‘bottom out’ early next year – JLL
UK house prices set for +20% growth in the next five years, predicts leading property consultancy.
In Pictures: North London mansion offered for sale for first time in 25 years
The eight-bedroom home with a 1,000 sq ft drawing room has an 'exceptional sense of privacy & security', says Dexters
Chestertons snaps up specialist online agency
W Property Consultants was set up by Wai Yee Shing & Wai Yee Tang in 2018.
LATEST ARTICLES
Rare Bayswater development opp sells for £21mn
Former office building came with consent for a 17-unit apartment scheme designed by Ross Alexander Lambie Architects.
Prime London rents on the rise as tax squeeze weighs on landlords
Tenants will bear the brunt of a tax-heavy Budget and incoming regs, warns Knight Frank.
Oona Collins: How prime resi leaders can nurture ambition & retain their brightest stars
Building loyalty among today's high-achievers requires clarity, flexibility, and cultures that celebrate autonomy without losing connection, explains top executive coach Oona Collins.
Ranked: Rightmove’s most searched for locations & most viewed homes in 2025
Property portal's end-of-year round-up reveals home-buyer trends & attention-grabbing listings.
Prime London Council Tax bills to rise ‘up to 437%’
New analysis highlights how much the incoming Higher Value Council Tax Surcharge will cost homeowners in the capital.