Patrick Kanters from APG Investments spoke to CNBC's Rebecca Meehan about how to make returns in a troubled real-estate market.

CNBC's Rebecca Meehan is at the MIPIM Conference in Cannes and talks to Olivier Piani, president Europe of GE Real Estate (GE is the parent company of CNBC), to find out where real-estate investors can find value in a troubled property market.

"This is a correction that was bound to happen," Louis Armstrong, CEO of RICS, said about the UK real estate market Wednesday. Adding "ten years of a bull run couldn't go on forever."

The UK property market took a big hit during the ongoing credit crunch, according to James Darkins, MD Property at Henderson Global Investors. He predicts further hardship to come for the market at the beginning of the year but hopes it will improve by the second half.

CNBC's Rebecca Meehan is in Cannes at the MIPIM Conference, the world's biggest real-estate conference, and talks to Dr. Karl Petrikovics, CEO of Immofinanz, about property opportunities in Central and Eastern Europe.

There is an upbeat atmosphere at the 2008 MIPM World Property Market conference, according to Chris Bell from Knight Frank, despite fears of a housing slump.