UK Housing Market

As you are all aware the UK Housing Market has taken a downturn and unfortunately whether we like it or not we are caught up in it. Two months ago we had buyers who in turn had a cash buyer and we were all ready to complete in 8-10 wks ....... two months later we are still waiting as our buyers no longer have a sale !!!!. Their buyers, who thought they could get a cash buy could not raise the necessary capital and the sale fell through. So what now ??? ... well, we thought, that it might be a good idea to approach our buyers buyer and see what the property was like that they had to sell in order to get things moving. Whilst not perfect, it ticked the boxes so we have placed an offer on it with our buyers even expressing a willingness to further negotiate their selling price to accommodate the sale. That was over a week ago .... we are still waiting.
So ... things are on hold. We can't really progress anything substantial until we can free up enough equity from the UK house sale. I just hope that things pick up and we get sold in time for our plans to be agreed and stamped. If anyone can offer an explanation as to why the UK housing market is as it is I'd love to hear it .... , as far as I can see it's all based on hype and scare mongering .... it can't all be about fuel prices can it ??.
We are really missing CZ at the moment. We hear from friends that the weather has been really good. Oh well wish us luck ...... :-) T