Savills experienced a “robust closing quarter in most business lines” which will deliver growth in both revenue and underlying profits for the full year, according to a trading update for the year ended 31 December 2018.
The agent said that the UK delivered a “resilient performance” in the commercial transaction businesses noting relatively robust occupier demand and continued strong investment interest, particularly from the Asia Pacific region. However, it added that the market volume of trade declined in comparison with 2017.
It reported that its residential business continued to perform well growing market share in challenging conditions, while its consultancy and property management businesses, in the UK and globally, performed in line with expectations.
