Savills staff to get £100m bonus payout after profits soar
Friday 15 March 2013
The estate agent Savills' 25,000 staff worldwide are set to share more than £100m in bonuses this year after the property consultant's profits jumped.
The firm handed out £111m last year and the pot will grow further this year as Savills outstripped City hopes with a 21 per cent rise in pre-tax profits to £60.8m.
Overseas demand for new homes in the capital is such that Savills enjoyed a huge rush of sales for flats at Fitzroy Place, on the site of the former Middlesex Hospital in central London, in just one weekend of marketing in Hong Kong and Singapore.
The Chancellor's stamp duty raid on homes above £2m cooled the central London market last year as volumes sank 7 per cent, but that failed to deter super-rich buyers.
In Chelsea, Knightsbridge, Mayfair and Belgravia, Savills saw a record year for properties over £5m, with sales volumes up 14 per cent.
Savills also saw a 5 per cent rise in plush country homes outside London, with the biggest increase seen in properties just below the £2m upper stamp duty limit.
- 1 Planes go hybrid-electric in important step to greener flight
- 4 Hip hop is both racial and political, and for Iggy Azalea to suggest otherwise is insulting
- 5 Man hospitalised with pneumonia after downing eggnog at office Christmas party
Antonio Martin shooting: Black teenager may have tried to ambush patrolman, says police officer's lawyer
Orphan kangaroos spend Christmas without their parents
Northern Lights above Britain: Stunning Aurora Borealis illuminates Northumberland sky on Christmas Eve
New route to Mars could make manned mission much cheaper and easier
Isis 'did not shoot down Jordan war plane' before capturing pilot, says US
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
Alex Salmond has 'broken his word to the Scottish people' says Scottish Lib Dem leader
iJobs Money & Business
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...
£43500 per annum + pension + holidays: The Jenrick Group: Night Shift Operatio...
£20000 - £25000 per annum + OTE £40,000 + Car + Pension: SThree: SThree are a ...
£20000 - £25000 per annum + OTE £35K: SThree: We consistently strive to be the...