Redrow Homes , one of the UK 's largest house builders , has been slowing sales as the housing market stutters . There were further signs that the housing market is slowing as both housebuilder Redrow and estate agent Countrywide reported that trading has been more challenging in recent weeks. Redrow chairman Steve Morgan cited " ongoing political and economic uncertainty " as contributing factors to the sales decline , despite reservations for Redrow ’s homes being 2 % above last year at 1,548 . Morgan said he did not expect the recent tax rate rise to 0.5 % to have a significant effect . Meanwhile , revenue at Countrywide , the UK 's largest estate agent , was down 7 % on last year at £ 175.1 m .
Redrow Homes , one of the UK 's largest house builders , has been slowing sales as the housing market stutters . Redrow chairman Steve Morgan cited " ongoing political and economic uncertainty " as contributing factors to the sales decline , despite reservations for Redrow ’s homes being 2 % above last year at 1,548 . Morgan said he did not expect the recent tax rate rise to 0.5 % to have a significant effect . Meanwhile , revenue at Countrywide , the UK 's largest estate agent , was down 7 % on last year at £ 175.1 m .