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Strict lending criteria developed by bank and housing pricing levels have meshed, eliminating new potential buyers from the market.

Without government action addressing the chronic amount of under supplying homes, it is a possibility the housing market will plummet into a deep crisis.

 Social housing costs are proving too expensive, resulting in housing benefit changes currently going through Parliament.

The most recent survey put out by the Nationwide building society shows that the housing market in the UK remains subdued.

UK mortgage lending remained at low levels in February as the housing market remained "stuck in a rut", lenders have reported.

According to the BBC, the Spending Review has revealed that the budget for England’s social housing programme is facing cuts of more than 50%.

Starting in April 2013, unemployed people who claim Jobseekers Allowance for more than 12 months will experience a 10% cut in their Housing Benefit after the 12-month mark.

A recent Halifax report states that there has been a significant slowdown in the UK housing market and mortgage lending sectors in recent months.

It is no secret that the cost of housing has risen significantly over the past 50 years, even taking into account the last few years decreases

Property prices dropped 0.6% in August from July and 0.4% from a year ago. Experts are expecting the housing market to be subdued for at least another year, with values staying the same of slightly lower as they are today.

Due to would-be property buyers struggle to find mortgage finance in the current economic climate, the gap between demand and supply in the housing marking will continue to widen, resulting in further gain in rents.

The Nationwide building society reported an increase in home prices in March – up 0.5% from the previous month and about 0.1% from the same month last year.

According to the latest survey from the Royal Institution of Chartered Surveyors (Rics), the property market is flat everywhere in the UK except London.

The Royal Institution of Chartered Surveyors (RICS) reports that housing prices are continuing to drop, due to a shortage of buyers.

Sellers continue to outnumber potential homebuyers, which has led to housing prices still being under pressure to decrease.

The Council of Mortgage Lenders (CML) has issued a warning that prices in the housing market will fall if the City regulator is able to restrict mortgage lending as planned.

Research shows that the most significant issue in the UK housing market is the plight of those trying to buy a home for the first time.

Funding for the government’s home repossession scheme is poised to be cut, according to the housing minister.

The Halifax reported a slight drop in housing prices for the early summer, as compared to the beginning of the year.

In a bit of rare good news for the housing market, a rise has been reported in UK house prices. In May on April, house prices rose 1.2%, giving a bit of encouragement to anxious homeowners.

Tenants with home buying ambitions have been under more and more pressure due to increasing private rents, recent reports show.

According to the IMF, higher prices for oil, economic turmoil in the eurozone, impact of spending cuts, and plummeting prices could throw the economy off course.

For the first time this year, home sellers lowered asking prices, according to Rightmove, a property website.

So far in 2011, 382,000 UK homes have sold, which is down from 407,000 homes sold in the first six months of 2010.

There has been a huge rise in the number of home buyers paying for their new homes in cash.

The number of people in the UK facing unemployment and rising bills have convinced MPs that people need a better financial education.

According to a report by the Halifax, UK house prices fell by 0.9% this February, compared with last month, cancelling out a rise in January.

Rightmove, an estate agency site that lays claim to advertising 90% or properties listed with local estate agents, has stated that much of the property market in the UK is facing paralysis in 2011.

44,000 – that's how many home loans were provided for house purchase in November 2010, and this in a country of nearly 62 million people.

Research conducted by Incomes Data Services (IDS) suggests that a majority of workers in the UK are facing a real possibility of declining incomes in 2011.

Shelter, a charity organisation, recently conducted a survey with 2,202 participants and reported that more people are paying their mortgages or rent with money they borrow from credit cards.

The British Chambers of Commerce is forecasting slower than expected economic growth in the coming year, downgrading its September forecast of a 2.2% GDP growth in the UK in 2011 to just 1.9%.

According to HM Revenue & Customs, property sales are still down in the UK with October sales 11% lower than the same month last year.

According to the BBC, seniors over the age of 60 will be the group most affected by changes in how low income households to receive assistance for mortgage costs.

Purchasing a new home is becoming increasingly cost-prohibitive, and it doesn’t look like the situation will improve any time soon.

A recent study shows that 38% of people support increasing taxes for private landlords and those who own second homes.

According to the Royal Institution of Chartered Surveyors, house prices are beginning to fall again.

Household expenditures and the amount of money UK residents save have changed significantly over the last 40 years.

A survey conducted by the CBI business group found that UK High Street sales hit their lowest point in 14 months this May.

For the second year in a row, university graduates are facing lower expected graduate salaries.

Official figures show a significant increase in UK inflation in March 2010. In the previous month, the rate of inflation was at 3%, sharply rising to 3.4% in March.

Government borrowing hit a new peacetime high last year, reaching £163.4 billion (equivalent to 11.6% of the Gross Domestic Product) by the end of the financial year.

As we continue to see the effects of the economic downturn, we now have a better idea of the manner in which businesses have been affected.