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Boom in luxury London homes boosts Savills profits

Posted on 16 March 2012

A boom in prime residential property in London has allowed Savills to increase revenues and profits despite a slowdown in the UK commercial property market and Asia.
Revenues improved 7pc to £721.5m, while pre-tax profits rose 9pc to £40m at the property agent in 2011. The up-market estate agent said today that profits in its residential business advanced 11pc as it benefited from overseas investors targeting prime developments such as One Hyde Park………………………………………..Full Article: Source


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