“Another interest rate rise, with the potential for more to come, creates uncertainty — which is not good for the market”

Alex Lyle, director of Richmond estate agency, Antony Robert:

“It is a real shame that the Bank of England felt it needed to raise interest rates again this month, as a hold would have boosted the momentum we have been seeing in the housing market, particularly since Easter.

“Prices have been holding up on large family homes in particular and we have found the volume of sales in the first quarter up considerably compared with the same period last year.

“Another interest rate rise, with the potential for more to come, creates uncertainty — which is not good for the market.”