(ČIA) Apartments in the Czech Republic are overvalued for households with median incomes by around 25%, and by 30% or more for investment flats. This stems from a presentation by Jan Frait from the Financial Stability Department of the Czech National Bank (CNB) prepared for the Building Forum. CNB's basic scenario assumes continued growth in housing prices, only gradually at a much weaker pace. Mr. Frait has also stated that the volumes of actual new housing loans and mortgage loans will reach a record level in 2021, despite some reduction in activity since Q3. He noted that for the DTI and DSTI indicators, lenders have often not respected levels that the central bank believes imply elevated risk.