2024 Trends with Costin Nistor, Fortim Trusted Advisors

2024 Trends with Costin Nistor, Fortim Trusted Advisors

2024 Trends with Costin Nistor, Fortim Trusted Advisors 684 418 BUCHAREST REAL ESTATE CLUB

29.01.2024

Costin Nistor, Managing Director, Fortim Trusted Advisors

Top 3 trends you foresee in 2024 for the real estate market?

·     “The focus of landlords will be on property financing.  

·     In second place, ESG will  play a major role in choosing office space for tenants and will indirectly  affect the financing cost.

·     Investors will be cautious; we will no longer have spectacular market entries.”

Main challenges and opportunities in 2024?

“Main opportunities – we will focus on land for development, especially for data centers, premium residential complexes, hospitals, and PV projects.

The main challenges come from the geopolitical and local political context. This year, the perception of Romania’s economy and the evolution of the real estate market could be threatened by the war in Ukraine and the elections in Romania.”

What are your company’s business targets in 2024?

“Our main business target is to achieve our goals since the entry on the market of the rebranded Fortim Trusted Advisors, in 2021, an annual growth rate of 20% y-o-y until 2025.”