A leading estate agency has forecast a slowdown in property dealmaking this year because of global macroeconomic and political uncertainties.
Savills, whose deals advisory work accounts for almost half the property agency’s business, is expected to be hit by declines in transaction volumes in a number of markets.
The UK-based company, which has offices around the world, said it was “difficult to predict the impact of [the uncertainty] on corporate expansionary activity and investor demand for real estate”.
However, as a result of expected growth in other areas, including property management and investment management, Savills maintained its guidance for this year.
Click here for the full Times article (£)
