He also raised concerns about the state of the secondary housing market - the sale of homes that are not new - adding that Redrow relied on people selling up to stimulate the purchase of its own new homes. Chairman of Redrow Homes, Steve Morgan, said the UK government could be doing more to incentivise house moves and should simplify the planning system if it wants to meet its target of building one million homes by 2020. Morgan noted that transaction costs, largely driven by stamp duty, could slow the housing market, as they are "so high that it’s a detriment for people to move". The report also found that there is still an "urgent need" for new affordable homes, with only half of all households in England having access to such homes.
Chairman of Redrow Homes, Steve Morgan, said the UK government could be doing more to incentivise house moves and should simplify the planning system if it wants to meet its target of building one million homes by 2020. Morgan noted that transaction costs, largely driven by stamp duty, could slow the housing market, as they are "so high that it’s a detriment for people to move". The report also found that there is still an "urgent need" for new affordable homes, with only half of all households in England having access to such homes.