Subscribe To

Price Alert Latest News Economic Calendar News

SVLPF / Savills cautions on risk to real estate market activity as half-year profits fall

Savills PLC (LSE:SVS) reported 9% revenue growth to over £1bn for the first half but saw a drop in profit and cautioned that there is a risk that activity in real estate markets may slow as interest rates rise. Revenue climbed to £1.04bn in the six months ended 30 June 2022 from £932.6mln in the same period the year before, with transaction advisory revenue rising 14%, the international real estate advisor said in its earnings release. Read More

Demo Live Account See Partner Details

Content Topics

Savills

Cautions

Risk

Real

Estate

Market

Activity

Half

Year

Half year

Profits

Stock

SVLPF

Posted: Aug 11 2022, 03:56

Author Name: Proactive Investors

SVLPF News

By Proactive Investors
August 10, 2023

Savills shares fall as profits tumble 72%

The economic headwinds caused by inflation and rising interest rates were only too real for Savills PLC (LSE:SVS), which saw its profits collapse by

By Market Watch
July 5, 2023

New York City's available office space hits record in second quarter: Savills

The availability of office space in New York City climbed to 70.3 million square feet in the second quarter of 2023, the highest in history, according

By Proactive Investors
August 11, 2022

Savills cautions on risk to real estate market activity as half-year profits fall

Savills PLC (LSE:SVS) reported 9% revenue growth to over £1bn for the first half but saw a drop in profit and cautioned that there is a risk that act

Risk Disclosure:

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
We would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. We and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of us and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. We may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.