Central bank governor: Price of flats overinflated by 15 percent

The price of flats in the Czech Republic is overinflated by around 15 percent, Czech National Bank governor Jiří Rusnok told the news site idnes.cz.

The governor said the central bank was keeping a close eye on prices on the housing market since mortgages make up around 60 percent of all loans granted to households.

Mr. Rusnok said he would address the issue in greater detail at a press briefing on June 12th.