Czech cbanker warns of possible property price slide

...vice-governor Ludek Niedermayer was quoted as saying on Wednesday.

"Certain signals exist that price growth has been too fast, their reliability (to keep rising) is limited," Niedermayer told the business daily Hospodarske Noviny in an interview.

A recent study by the Institute of Regional Information showed prices for small-sized apartments in Prague have grown 25 percent this year alone, while in other cities the jump has been even higher.

It said prices in Brno, the country's second largest city, have risen 35 percent, while the northern city of Liberec has experienced 33 percent growth and the eastern city of Ostrava 32 percent growth.

Niedermayer said while it was difficult to predict if and when the market bubble would burst, "it would be unsafe to think that real estate prices can keep on growing".

"Some indicators show that prices really have jumped enough," he said.