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Big profits and revenue increase for Savills

High end residential, commercial and consultancy specialist Savills has boosted its group profits by seven per cent to £26.4m before tax.

Group revenue is up a startling 27 per cent to £547m with the biggest contribution coming from its US activities.

In the UK its activities over the past year by acquiring Smiths Gore and SEB Real Estate, as well as benefitting from a late spring and summer boost in the high end London housing market. 

"We've now got the June and July stats in and in terms of the indicators that we look at, which is things like applicants, viewings, number of properties on our books, they are all up substantially over 40 per cent" Savills chief executive Jeremy Helsby told Reuters.

"Clearly those indicators still have to be translated into fee income ... but certainly [there has been] more activity than we had in the first half [of the year]" he said.


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