A slowdown in property deals driven by political uncertainty in Britain and Hong Kong has dealt a blow to first-half profit at Savills.
The estate agency said that profit before tax fell by 7 per cent to £24.7 million in the six months to the end of June. The drop was partly caused by lower fees from its transaction advisory business, where underlying profit was daown 50 per cent on the previous year at £9.9 million.
A slowdown in property deals driven by political uncertainty in Britain and Hong Kong has dealt a blow to first-half profit at Savills.
The estate agency said that profit before tax fell by 7 per cent to £24.7 million in the six months to the end of June. The drop was partly caused by lower fees from its transaction advisory business, where underlying profit was daown 50 per cent on the previous year at £9.9 million.
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