Organizers of this year's MIPIM real estate conference in France say confidence is back in the sector. Michael Haddock from CB Richard Ellis told CNBC the picture is quite polarized.

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

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.

A new real-estate report shows the once-dominant property center London dramatically drop from its position in the top 10. CNBC's Rebecca Meehan is in Cannes at the MIPIM conference with Bill Kistler, European president of Urban Land Institute, to discuss the report.