Savills said it has managed to navigate a challenging market environment to deliver double-digit earnings growth in 2024.
The consultancy’s revenue increased to £2.4bn year-on-year from £2.2bn, pushing pretax profit up to £88.3m from £55.4m.
Savills noted that, in the UK, investors limited the urgency to transact, while in the occupational markets, there was a return to normal levels of leasing activity in 2024.
In Europe, overall economic growth remained muted, while the American markets recalibrated and investment activity in Asia Pacific began to improve.
Savills will pay a dividend of 30.2p per share for the year, up from 22.8p paid in 2023.
Mark Ridley, chief executive at Savills, said: “Most markets were in recovery as we entered 2025 and, while uncertainty continues, there remains the expectation of reductions in the cost of capital during the year.
“Savills remains well-positioned to deliver against the group’s strategic objectives of broadening our offering to clients across geographies and service lines, supported by a strong balance sheet and thus driving profitability as market recovery continues.”
