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Savills profit slides nearly a quarter

Savills, the international real estate adviser, suffered a 24% drop in underlying pretax profit for 2009, and was cautious on forecasts for 2010 as the international prime property market remains uncertain.

The agent said that 2009 was a year of two very different halves. In the first six months, Savills realised a disappointing underlying pre-tax profit of £2.5m.

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