Jeremy helsby
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Latest property news
Build-to-rent giant hires UK’s most senior estate agent
Former Savills chief executive Jeremy Helsby has been brought on board as a consultant and Non-Executive Director by build-to-rent giant Get Living.
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Latest property news
Profits at Savills’ UK estate agency business rise by 17% despite 10% drop in transactions
Savills has reported increased profits within its UK estate agency business despite a 10% drop in sales volumes outside London.
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Latest property news
Savills senior team cash in share options worth £4.5m
Read how senior managers and directors have this year cashed in shares worth just under £4.5 million from the company's two annual bonus schemes.
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Latest property news
Savills invests in two tech start-ups as it reveals bumper 2017
Savills has reported a bumper 2017 including a 7% jump in profits at its UK residential operation to £18.7 million, in stark contrast to many of its competitors including Foxtons. Group revenue, which includes both its residential and commercial property activities, increased by 11% to £1.6 billion on which it made a profit of £140 million last year, up 3.5% on 2016. Outgoing Group Chief Executive Jeremy Helsby (pictured, left) says a “resilient” performance by the UK residential team was “key to this result”. This business grew its turnover by 4% to £128.9 million, helped by more high-value property transactions in both UK resales and new homes and an increase in fees charged, all of which helped offset 3% fewer sales overall in the UK. Savills also says it sold 4% more properties within its ‘core’ London market, driven by plummeting prices in the capital which have helped re-start activity. Proptech The company has also revealed its latest proptech investments via its Grosvenor Hill Venture outfit, which it used to invest in online agency YOPA in June 2016. Savills claims YOPA is now the 10th largest agent in the UK, although it doesn’t reveal by what yardstick. The latest tech…
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Latest property news
UK takes lustre off gleaming Savills half year results
Savills half year results have revealed global turnover up by 15% to £714m and underlying profits were up 27% to to £32.4m. But an otherwise glowing half year report by the company was offset by poor results from its UK operation, where underlying profits dropped by 27% to £5.4 million. Its UK fee income dipped by 4% to £55 million down from £57.2 million and like many of its competitors Savills blames the surge of purchases before the additional Stamp Duty was introduced during 2016 for the lower volumes within the prime residential market compared to last year. Other factors Savills blames include the political and economic uncertainty created by the General Election and Brexit which, it says “make it difficult to predict market volumes for the rest of the year”. Savills said a weak April was offset by a stronger May and June compared to last year, although this is because those months last year were “muted” by the run up to the EU Referendum vote. Worst performing Within the UK prime property market the worst performing sector was new homes in which new development stock dropped by 6% and prices dipped by 4% to an average of £750,000. This compares…
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