CEEFAX 1 141 Wed 29 Dec 13:09/22 ************ ************************** * *** *** ** ************** ************ ************** 4/7 BANK PREDICTS HOUSING BOOM - NOT BUST The housing market will stay buoyant in 2000 with mortgage lenders making record loans to homebuyers, Barclays bank predicts.
It said the Bank of England would increase interest rates by half a percentage point to a peak of 6%.
This would help avoid the disastrous boom and bust of the housing market in the late 80s, it said.
The bank predicted gross mortgage lending would hit £10bn over the year.
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