Savills Sees a 24% Fall Of Pre Tax Profits

The current turbulent conditions that exist in the global commercial property markets have taken a toll on Savills’s shares, with a 24% fall in full-year pretax profit to £25.2m from £33.2m a year earlier. According to Savills’ publication of results for the year to end December 2009, shares declined 1.85% or 6.80p to 361.30p The group’s […]

Dubai Prices May Slow by 10%

Property prices in Dubai are likely to fall 10 per cent by 2010 as supply outpaces demand, but they are expected to rise in Abu Dhabi’s undersupplied market, Morgan Stanley said in its latest report on Tuesday. “For 2009, we expect prices to start coming under pressure as oversupply becomes evident [in Dubai]. We forecast […]