Lachlan Murdoch pays $21m for Sydney mansion

Lachlan Murdoch has upstaged the visit to Australia of his father Rupert after splashing out A$23m on a Sydney mansion sold by the French government’s former consulate

• Slideshow: The Murdoch mansion
• HK flat sets new record price

Project banks on Fitzrovia’s bohemian appeal

Derwent London, the listed developer, is drawing up a master plan that will transform a backstreet area of the district in London’s West End into a bijou retail destination

Grainger seeks £238m for revival

The company will pay down debt and hopes to return to buying in the residential market, which has seen recent price growth

Quintain in £184m cash call

Quintain Estates has launched a discounted £184m rights issue as the final part of its strategy to secure its balance sheet and create funds to develop key sites

Asian banks wary of property bubbles

Residential property prices are rising across much of Asia, prompting fears of a real estate bubble. Apartments are selling for staggering prices, and central banks and finance ministries have begun to rein in property-related stimulus measures

Site traffic climbs 35% at Rightmove

The leading UK property search website backs suggestions of a return of confidence in the market, pointing to traffic generated by online househunters and a recovery in advertising revenues

British Land looks to Europe

The second-largest property company in the UK has appointed two investment strategy directors

Housebuilders’ fortunes turn as investors return to fold

Shares in UK housebuilders have risen strongly after the completion of £700m of rights issues and positive updates from two of the country’s largest listed builders