Savills’ continental Europe business returned to the black in the first half after seven years of losses.
Group chief executive Jeremy Helsby said the region was “still a work in progress” but added that the slim £100,000 pretax profit for the period to 30 June “was most pleasing”.
The flourishing UK and European commercial markets offset sharp declines in Asia, boosting the services firm’s pretax profit by 15% to £24.7m.
Overall revenue increased by 8% to £430.8m thanks largely to a 12% increase in transaction advisory fees, which hit £166.1m.
bridget.o’connell@estatesgazette.com
