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Confidence is returning – but it’s being earned, not assumed

Published 26th March 2026 • 1 minute read

Author:

Michael Neal & Laurent Vouin

Michael Neal & Laurent Vouin

Savills IM

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In an interview with Paul Norman Luc-Étienne Rouillard Lafond from Costar and bsuinessimo at Mipim 2026, Michael Neal described 2025 as a genuine reset for real estate: valuations bottoming out and global performance starting to turn positive. What investors are looking for now isn’t optimism, it’s evidence that the cycle has turned.

Laurent Vouin reinforced France’s strategic importance for Savills IM, with continued focus on logistics, residential and CBD offices. Activity is strong, partnerships are key, but a shortage of product means discipline and selectivity matter more than ever.

Read the full interview here.