16.03.2012 - Boom in luxury London homes boosts Savills profits
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
Print