The FINANCIAL -- Zillow, Inc., which operates real estate website Zillow.com, Zillow Mortgage Marketplace, and one of the leading mobile real estate platforms, on April 11 announced the acquisition of Postlets, one of the leading online real estate listing creation and distribution platforms.

The FINANCIAL -- Knight Frank residential estate agents completed on £333m of transactions in the 3 weeks leading up to the 5th April 2011, compared to £74m in the same period of 2010.

The FINANCIAL -- The office vacancy rate in central Tokyo rose 0.09 percentage point on the month to a record 9.19% at the end of March, up for the third straight month, Miki Shoji Co. said on April 7, according to Nikkei.com.

The FINANCIAL -- The 2011 edition of The Wealth Report, launched today (6 April) by Knight Frank and Citi Private Bank, shows that prime property remains incredibly important to the world’s wealthiest people. On average, property accounts for 35% of UHNWI investment portfolios, second in importance only to investing in their own businesses.

The FINANCIAL -- Real estate sales in Turkey to foreigners increased by 40 percent, reaching $2.5 billion, in 2010, Real Estate Investing Partners Association (GYODER) President Işık Gökkaya said on April 5, according to Today's Zaman.