Savills has warned it will struggle to eke out growth next year as a cocktail of economic worries discourage people from investing in property.
The property agent, which employs 35,000 people, said while last year’s profits had grown as forecast, “prospects for 2019 are overshadowed by macro-economic and political uncertainties across the world”.
Savills said it was difficult to predict the precise impact of the economic wobbles on demand for property from businesses and investors but “at this stage, we expect to see declines in transaction volumes in a number of markets”.
