Savills hit by UK market slowdown
Profits fall for global real estate advisor as political and economic uncertainty reduces trading activity in Britain and Hong Kong
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Hybrid and online estate agencies have seen their share of the £1m+ property market jump by 27% in the last two years - albeit from a low base.
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Adam Simmonds and Becca Howard have both returned to Savills after spells with other firms.
Savills posts record results as residential sales revenue doubles
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.
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