Trading update

Savills PLC
29 June 2005

                                  SAVILLS plc

                          ('Savills' or the 'Company')



29 June 2005

                                 Trading Update

Savills, the international property consultants, is pleased to announce a
trading update for the half-year, prior to the interim results for the first
half of 2005 which are scheduled for release on 7 September 2005.

Overview

At the time of our Annual General Meeting in early May, the Chairman reported
that overall Savills had performed in line with expectations and ahead of the
same period last year.  The current position is set out below.

Main Business Streams

Transactional

The commercial property investment market throughout the UK remains strong and
the first half has seen a high level of transaction volumes.  There is continued
demand for property from private and institutional buyers both in the UK and
overseas.

Tenant demand in both London and the regional commercial markets remains
subdued.

After a quiet start to the year, residential markets have seen more activity,
particularly in London.  Unit turnover in the prime markets is only marginally
down on the same period last year, but buyers in the regions are showing greater
caution.  Markets for New Homes have been more affected than second hand
markets.

In Asia, we have seen a marked increase in activity in the commercial and
residential investment markets, and tenant demand for office space has
increased. Our European investment teams are performing well and the markets
remain strong.

Consultancy

Our Consultancy business has performed well. The demand for property services
remains high and we have expanded our professional teams, particularly in the
areas of valuation and planning.

Property Management

The UK and European commercial property management business has benefited from
organic growth, acquisition and key recruitment.    In Hong Kong and China we
have also increased the size and scope of our property and facility management
business.



Financial Services

Our private client financial services business continues to perform well.
Transaction volumes are ahead of the same period last year.

Fund Management



Cordea Savills continues to build on its existing infrastructure and to increase
its funds under management.

International Financial Reporting Standards (IFRS)

The Company has today, in a separate announcement, released details of the
likely impact on the Group's financial position and results for 2004 due to the
change from reporting under UK General Accepted Accounting Principles to IFRS.

Outlook

Strong investment markets in the UK, Europe and Asia will ensure that commercial
activity levels remain high in 2005.  The current level of our residential order
book remains encouraging but market volumes are not expected to be at the
exceptional levels achieved in 2004, especially in the new homes market.

Overall, we are confident that owing to the quality, flexibility and broad base
of our global businesses, we are well placed to meet our expectations for 2005.

ENDS

For further information, please contact:

Savills

Aubrey Adams                                 020 7409 9923

Citigate Dewe Rogerson

Simon Rigby/Sarah Gestetner/George Cazenove  020 7638 9571


                      This information is provided by RNS
            The company news service from the London Stock Exchange