Savills reported a pre-tax profit of £20m for the first six months of the year, which was a 39 per cent increase on the £14.4m reported in the same period last year.
The former Savills Private Finance parent company’s revenue for the first half of the year was also up compared to the first half of last year, increasing 10 per cent from £304.4m to £335.8m.
Money Marketing revealed in May that SPF’s management had completed a buyout of the brokerage from parent company Savills, which still holds a 19.99 per cent stake in the company. The company was renamed SPF Private Clients.
Group chief executive Jeremy Helsby says: “Looking to the second half, we currently see no material change in the outlook for our business, although the potential effects of the current economic and social volatility are likely to have some impact on both Commercial and Residential transaction markets across our regions.”