Half Year Results 

Savills sidesteps Brexit gloom

Savills sidesteps Brexit gloom

The perceived Brexit-shaped cloud over the UK’s housing market has tarnished sentiment towards estate agent Savills (SVS) this year, sending the group’s share price down 16 per cent in the past 12 months. Investors now face a question: is the sell-off justified in the face of weakening markets, or does the current valuation (11 times forward earnings) provide a buying opportunity?

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