Housing interest, SME rows, and Instagram sale - here's your need-to-know business news roundup.
Interest amongst new home buyers improved in March according to new figures.
The latest survey from Rics suggests that 9 per cent more surveyors received inquiries in March than during February. [BBC]
The government has defended its use of small firms following criticism of some contractors.
The coalition has said it intends for Whitehall to spend 25 per cent of its budget with SMEs by 2015. [Telegraph]
Photo sharing social network Instagram has been sold to Facebook for $1 billion.
The site, which is less than two years old, has over 30 million users but has not yet turned a profit. [Guardian]