THE PROPERTY market may be something of a minefield to navigate currently, with supply pressures and low interest rates on the one hand and the mortgage market review and the threat of new taxes on the other.
But there are no jitters at upmarket estate agent Savills, which awarded its executive directors a healthy jump in pay last year, and plans to increase their 2015 salaries.
Savills chief executive Jeremy Helsby took home £2.2m in “near term remuneration” last year, a 14 per cent rise on 2013.
Chief financial officer Simon Shaw received £1.67m, up from £1.48m last year.
The increase was down to the rise in annual profit share, following the agency’s record results posted last month.
However the pair, whose long-term awards have risen to £3m and £2.1m respectively, have not had a pay rise in five, said the remuneration committee chairman Tim Freshwater.