24.02.2025
Costin Nistor, Managing Director, Fortim Trusted Advisors
What were the main business results for 2024?
The companies of the Fortim lines achieved a turnover of RON 11 million in 2024, an increase of 37% compared to 2023, thanks to the diversification of our portfolio of services. The organic growth of our business has been driven by the development of new businesses such as residential sales, Real Estate marketing & PR services for strategic partners, Project Management. The Property Management and Advisory divisions, which include consultancy services in the office, industrial, capital markets, valuation and research segments, performed well.
In 2025, we estimate a similar turnover, with a slight increase. We are in negotiations for significant transactions, encompassing both capital markets and customised solutions. We are optimistic that the current political challenges will be overcame.
What are the main challenges & opportunities for the office market in 2025?
Romania’s image among international investors will be the main challenge of 2025. The political context also has effects on the real estate market in Romania, given that political stability and government predictability are essential factors for investor and buyer confidence. Let’s hope that this challenge will be overcome in the first part of the year.
There are more opportunities than challenges. An advantage of 2025 is Romania’s full accession to the Schengen area, which will lead to the facilitation of trade and the transformation of Romania into a hub in the region. Another opportunity for investors is the progression of the commercial real estate market in Romania, with increasing demand in the retail, hotel and residential segments. In the emerging office market, you’ll find some rare opportunities to invest.
Also, the upcoming legislation for REITs will lead to a greater flow of capital, attracted from domestic funds and to the listing of more real estate companies on the stock exchange. The direct effects for end consumers will be the professionalization of the rental living space, through the emergence of more investors in rental housing and the improvement of working conditions, through the development of new office buildings, shopping centers and industrial spaces.
