Savills’ revenue jumps 10% but warns of transactions stagnation

Savills has reported a 10% increase in revenue during 2018 but it has warned that transactional activity is waning.

Despite political and economic headwinds, it generated £1.76bn and also saw its underlying profit tick up by 2% to £143.7m, resulting in a 3% rise in earnings per share to 77.8p.

Group chief executive Mark Ridley warned: “The year ahead is overshadowed by macroeconomic and political uncertainties across the world. It is difficult to accurately predict the impact of these issues on corporate expansionary activity and investor demand for real estate. At this stage, we expect to