Luxury House Prices Surviving the Credit Squeeze for Upmarket Group Savills ; Property

Birmingham Post › January 09, 2008

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Summary

Upmarket property group Savills said yesterday that 2007 profits were set to beat forecasts as the credit squeeze failed to dent demand for luxury properties.

It said top-end house prices had remained "relatively firm" despite the tightening in credit markets, which has hit values in the wider residential and commercial property sectors.

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Luxury House Prices Surviving the Credit Squeeze for Upmarket Group Savills ; Property

Shares in Savills soared eight per cent after the upbeat trading news, which follows better-than-expected interim results la...

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