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
The owner of estate agencies including Hamptons and John D Wood "remains positive" despite falling revenues.
Savills has restructured its global residential development consultancy department, adding two new senior faces to focus on branded residential projects.
Companies in this articleSavills
Luxurious AvroKO-designed apartments promise 'the best of hotel living all year round'.
The new barometer of luxury is health, says PCL developer Almacantar.
The nil-rate Stamp Duty threshold has been doubled to £250k, effective from today.