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 .
Redrow Homes, one of the UK's largest house builders, has reported slowing sales as the housing market stutters. Redrow chairman Steve Morgan cited "ongoing political and economic uncertainty" as contributing factors to the sales slowdown, despite reservations for Redrow’s homes being 2% above last year at 1,548. Morgan said he did not expect the recent interest 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 £175.1m.