Savills Plc said on Thursday that it delivered a "good" performance in FY25 despite challenging markets.
In an update for the year to the end of December, the company said it expects its performance to show "solid" year-on-year growth at least in line with expectations, reflecting an improvement in transactional momentum during the fourth quarter.
The real estate advisor said 2025 was characterised by a continuation of the market recovery seen in the final quarter of 2024 into Q1, followed by a pause in the second quarter, which continued into the third. "During this period, both investors and occupiers digested the implications of, in particular, the imposition of US tariffs, alongside other unforeseen geopolitical and fiscal events," it said.
In the UK, its largest market, heightened uncertainty over the delayed Autumn Budget had a similar subduing effect, especially on the prime residential market.
"Despite these factors, we built strong transactional pipelines across all our markets, ensuring we were well-positioned as clients' confidence and appetite to complete transactions improved progressively through Q4, resulting in a strong finish to the year for the group," Savills said.
Savills said its transactional business - which provides capital and leasing advisory services to commercial and residential owners and occupiers - performed well despite the challenging market conditions.
The less transactional businesses, which comprise property and facilities management, consultancy and investment management, continued to perform well.
"Looking ahead, while market uncertainty is expected to remain elevated in 2026, the board believes that strong pipelines and strengthening investor and occupier sentiment will support recovery across our core transactional markets. We expect our less transactional business to continue to deliver steady and resilient growth," the company said.
Savills' full-year results are due on 12 March.
At 0807 GMT, the shares were up 1.4% at 1,032p.