2026 Trends with Costin Nistor, Fortim Trusted Advisors

2026 Trends with Costin Nistor, Fortim Trusted Advisors

2026 Trends with Costin Nistor, Fortim Trusted Advisors 621 600 BUCHAREST REAL ESTATE CLUB

19.02.2026

Costin Nistor, Managing Director, Fortim Trusted Advisors

What were the main business results for 2025?

In 2025, our Advisory business line delivered the strongest results, especially in office leasing, real estate consultancy, valuation, and capital markets.

The largest transaction of our year was a pre-lease, build-to-suit transaction for Medicana Hospital, a new entrant to the Romanian market, covering a total area of 22,000 sqm, in Nusco City.

What are the company’s business targets and plans for 2026?

In 2026, our strategic focus is on scaling the Residential business line into a fully integrated investment platform. This includes expanding our expertise across the entire value chain, from land acquisition and feasibility analysis to planning, research, and high-performing services such as sales and marketing for residential developments.

What economic pressures (e.g., inflation, interest rates, work force issues) or regulatory and fiscal changes do you anticipate impacting the market in 2026, and how is your company preparing for them?

The biggest challenge for the Romanian real estate market remains the frequent changes in taxation and fiscal regulations, along with the cascading effects of adjustments to VAT.

These shifts have a particularly strong impact on the Property Management and Residential segments. In response, our team has adopted new, fully digitalized working tools that allow for rapid system adjustments and ensure maximum transparency for our clients, whether they are owners of commercial buildings, tenants, or investors in residential developments.

What do you see as the main risks for the Romanian real estate market in 2026? Where do you see the most attractive opportunities for growth in 2026?

The biggest risk is the unpredictability of legislation, which directly impacts financing costs. This challenge can only be mitigated once inflation decreases substantially, and the business environment becomes more stable and positive. Officials at the National Bank of Romania remain optimistic and are targeting inflation below 5% in the second half of the year, which could represent a positive signal for the real estate market.

In terms of growth opportunities, retail parks continue to stand out, both from a development and acquisition perspective. The residential segment also offers solid potential, provided there is a strong focus on careful location analysis, a clear understanding of the target audience, and well-defined customer segmentation.

Which players or strategies are going to be winners in 2026?

In real estate, the companies that succeed are those that understand the need to embrace AI and digitalization, as our industry is undergoing a profound transformation. Fortim Trusted Advisors, an alliance member of the BNP Paribas, benefits from a strong competitive advantage: our shareholders are local, and we have already made the strategic decision to integrate new technologies into our workflows. This tech-driven approach delivers speed, data transparency, and smarter outcomes, creating tangible value for both our current and future clients.