Chairman of RICS , 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 9p homes by 2020 . Steve 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". Research by RICS found that changes to government policy aimed at reducing stamp duty for the majority of 26pc -time buyers had little impact on property sales.
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". Research by RICS found that changes to government policy aimed at reducing stamp duty for the majority of first-time buyers had little impact on property sales.