Savills UK revenue tops £1bn for the first time

Resi transaction numbers are up, but the average value of a property sold by Savills in London has fallen by 13%.

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.'

Phillippa Dalby-Welsh's team has made heavyweight hires from Knight Frank and Strutt & Parker.