Rightmove, the UK-based property listing behemoth, turned down a hefty £5.6 billion buyout approach from Australia's REA Group, which is majority-owned by Rupert Murdoch's News Corporation. Rightmove's board described the offer as "wholly opportunistic,".

Going forward, the opportunities on offer in the UK realty market need to be pursued with caution and any positives coming out of it may be snapped up by patient buyers. Though there is a constraint to the enthusiasm of buyers due to the cap by RBI on ann