Strong sales reported byWooler real estate agent

Savills plc, the real estate advisor, has announced growth in both revenue and underlying profits in 2018.

Wednesday, 27th March 2019, 8:39 am
Updated Wednesday, 27th March 2019, 8:43 am
Brought to you by the Berwick Advertiser team.

The group’s revenue improved by 10% to £1.76bn (2017: £1.6bn) and underlying profit for the year increased by 2% to £143.7m (2017: £140.5m). The group’s statutory profit before tax decreased by 3% to £109.4m (2017: £112.4m).

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James Boulton, head of office at Savills in Corbridge and Wooler, said: “Our rural teams have once again performed extremely strongly and we have won a number of important instructions which we will be looking to build upon in Northumberland and the Borders this year.”

Mark Ridley, group chief executive, added: “Savills delivered both revenue and underlying profit growth in 2018, driven by a robust second half of the year.

“We have made a solid start to 2019; however, the year ahead is overshadowed by macro-economic and political uncertainties across the world. It is difficult accurately to predict the impact of these issues on... real estate.”