Shares in Savills have dropped by over 7% in early trading, despite the company posting an 11.4% increase in underlying profit before tax, which totalled £145.3m in the 12 months to 31 December.

The real estate adviser recorded a 6% revenue jump, reaching just over £2.5bn, with year-on-year growth reported across all four business areas.

Savills’ transactional business delivered a 4% revenue increase, while its less transactional business saw its revenue jump by 8%.

Furthermore, Savills said it has delivered increased revenues and underlying profit across all three geographical regions; EMEA, Asia Pacific and North America, with its continental Europe and Middle Eastern business, which has been the focus of significant management action, delivering a “marked improvement” for the second consecutive year.

The company stated that these results have been delivered despite challenging market conditions, driven by heightened geopolitical and economic uncertainty.

Looking ahead, Savills stated that it is difficult at this stage to assess the potential impact of the conflict in the Middle East, as well as any broader macroeconomic or geopolitical effects.

The firm has approximately 800 colleagues in the region, with the region representing around 5% of its underlying profit before tax in the last full financial year.

Despite this, it has seen continued momentum across its global real estate markets in 2026 and expects “progressive growth” in investment activity across its key markets.

Group chief executive at Savills, Simon Shaw, said: "Despite the well-rehearsed challenges of tariffs and fiscal uncertainty, the group has delivered a strong performance across the board.

“Whilst our transaction advisory business faced more challenging market conditions during Q2 and Q3 in some of our key markets, we continued to build strong transactional pipelines and were well positioned as clients' confidence and appetite to transact accelerated into Q4, resulting in the strongest Q4 for our transactional business since 2019.

"Our less transactional businesses delivered another year of strong revenue and profit growth and underpinned the strong cash generation, step up in earnings and dividend growth for the group."

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