Savills has delivered a good performance in 2025 “despite challenging markets”, with the Group expecting solid year-on-year growth at least in line with expectations, helped by an improvement in transactional momentum in Q4.

In a year-end trading statement to the City for the 12 months to 31 December 2025, Savills said the market recovery seen in late 2024 continued into Q1 2025, before activity paused in Q2 and remained subdued through Q3.

Budget uncertainty

In the UK – Savills’ largest market – the firm said heightened uncertainty surrounding the delayed Autumn Budget had a similar subduing effect, “particularly on the prime residential market”. Despite this, it said it built “strong transactional pipelines” across its markets, leaving it well-positioned as clients’ confidence and appetite to complete transactions improved progressively through Q4, delivering a “strong finish” to the year.

Its Transactional division, providing capital and leasing advisory services to commercial and residential owners and occupiers, performed well despite the challenging conditions. In EMEA, Transactional revenues increased, reflecting a “resilient” performance in the UK, alongside “particularly strong growth” in the Middle East.

The Group’s Less Transactional businesses – Property and Facilities Management, Consultancy and Investment Management – “continued to perform well”, with a strong performance across Valuations, Rural Consultancy, Building Consultancy and Project Management.

Stable revenues

Investment Management delivered stable revenues, with profitability reflecting the benefit of restructuring initiatives, and there was improving demand for “secure core income focused product,” which contributed to c. £2.3bn of net new capital inflow during the year.

Savills is continuing to review its cost base and anticipates a restructuring charge of up to £30m for 2025. It also reported strong Q4 cash generation, resulting in a net cash position at 31 December 2025 in line with the prior year.

In a leadership update, Savills says Mark Ridley retired at the end of 2025, with Simon Shaw (main picture) becoming Group Chief Executive on 1 January 2026. The Group expects Nick Sanderson to join as Group Chief Financial Officer in early February.

Read the full report here.