UPDATE 1-Savills warms on London residential property | Reuters

UPDATE 1-Savills warms on London residential property | Reuters

Savills (SVS.L) said it had performed in line with expectations in the first four months of year, adding a rosier outlook for London residential property compensated for a potential shortfall in some European markets.

The global property consultant said in a statement ahead of its annual meeting on Wednesday that political and economic turbulence in many parts of the world had resulted in further significant interest in London's residential property.

"The first quarter saw the anticipated continuation of strong markets in Asia, improved trading in the US and, by quarter end, a strong performance from the UK Residential business, principally in central London," Savills said.

The rest of the group was performing as expected so far this year, and it had traded in line with expectations outlined in its full-year results in March, Savills said.