Savills grows revenue by 10% but warns of investment market slowdown

By Frances Ivens2019-03-14T07:54:00

Savills has reported a 10% rise in revenue to £1.76bn for 2018 but underlying profits grew just 2% and the group warned of a decline in transactions this year.

The global real estate firm saw strong growth from Europe and the Middle East, both on an organic basis and through the integration of Aguirre Newman in Spain and the acquisition of Cluttons Middle East in May 2018. UK revenue grew 6% over the year to £662.4m.

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