Cautious Savills Confident ; Property

Summary


Upmarket property group Savills - which has a large operation in Birmingham - yesterday offered a "cautiously confident" outlook for its full-year results, despite the impact of the ongoing worldwide credit market crisis.

The firm said it hoped a resilient top-end residential housing market would help it offset the slowdown in the commercial sector following a tightening in credit markets.

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Extract


Cautious Savills Confident ; Property

Savills posted better-than-expected underlying pre-tax profits for the si...

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