UK’s Savills sees property slowdown as Iran war weighs on market
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British property company Savills has warned of a slowdown in residential property transactions in the UK and Middle East due to the Iran war, which has created uncertainty around global interest rates. The firm anticipates delays in transactions and increased caution among buyers. Despite these challenges, Savills expects to exceed its annual revenue and profit forecasts for the year ending December 31. In 2025, revenue rose by 6% and underlying profit before tax increased by 11.4%. Savills also plans to expand in North America through the acquisition of Eastdil Secured for $1.1 billion.
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Source: Businesstimes News The copyright of this article belongs to the original author/organization.
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