“The oscillation of the exchange rate and the raise and fall of the single European currency increase clients’ fear when it comes to buying a home” CIG representatives explained.

Clients who will sign a purchase contract in Green Vista residential project in November, will benefit from a frozen exchange rate of 3.5 lei/euro. The exchange rate is frozen for the entire duration of the contract, right until the apartments are delivered.

CIG announced in June it will invest 30-35 million euros in Green Vista project, to which is added the value of the land parcel, of 15 million euros. Moreover, the developer said it has 3,000 housing units in construction, in which the company plans to invest 400 million euros.

Green Vista project encloses three 11-story residential buildings, and the prices range between 1,350 euro/sqm and 2,000 euros/sqm.