Savills, the property agent, has said it is bracing itself for slower momentum in the residential market this year, despite growing revenues and profit in 2017.
Jeremy Helsby, the departing chief executive, said the company had made a “solid start” to 2018 but he expected a “tempering” of the recent strong transaction volumes, amid market uncertainty, geopolitical risks and rising interest rates.
Savills is best known in the UK as an upmarket estate agent but it has evolved into a global company spanning residential and commercial property.
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