Savills boosted by UK recovery

Kasmira Jefford
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PROPERTY advisory firm Savills said yesterday that trading during the first four months of the year was in line with expectations, driven by growth in the UK, and a robust performance in Asia and Europe.

The company said the UK’s prime residential market continued to perform well with year-on-year increases in both volume and value.

Growth in London’s prime and super prime property market has cooled this year, with two high profile developers Grosvenor and Development Securities calling the top of the market.

But Savills said there remains strong demand for property worth £1m to £2m in the north, east and south west of London. The regions also continued to recover, with a significant rise in buyers registering with Savills in the period.