Savills H1 revenue tops £1bn, but profits shrink as resi income falls
Savills has reported a "strong performance comfortably ahead of pre-pandemic level" in the first half of this year - but revenue from residential transactions has fallen by 11%.
Savills’ profits run ‘very significantly ahead’ of expectations as UK prime resi proves ‘exceptionally strong’
"The UK prime residential market continued to perform exceptionally strongly through the last quarter," says Savills, "and volumes in the Prime Central London market clearly began to improve.
Connells Group revenue falls 13% on ‘less frenetic’ property market
The owner of estate agencies including Hamptons and John D Wood "remains positive" despite falling revenues.
Savills adds two branded residence specialists to its global resi development team
Savills has restructured its global residential development consultancy department, adding two new senior faces to focus on branded residential projects.
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