Subsidence is a specific term that relates to the motion of the ground or the earth’s surface as it moves down. However, the term is colloquially used to describe the movements of a building/structure relative to the surrounding ground and the damage that may be caused by such movements.
In general parlance the term subsidence is used when the damage is by the upward or downward movement of the surrounding ground. In the UK it is highly unusual for subsidence to cause the total destruction of a building/structure except where there is extreme coastal erosion.
However, that does not mean that subsidence damage cannot be considerable and can deny the owner/occupier the use of a building where subsidence has occurred.
There is a substantial list of culprits that can cause structural property damage, including:-

Precision gauges and displacement lasers track masonry movement on refurbishment and demolition sites in the City of London, Westminster and surrounding boroughs.

Automated total stations, tilt beams and strain gauges safeguard bridges, high-rise cores and heritage assets across Croydon, Kingston and Twickenham.

Wireless loggers and gateways establish robust networks on projects in Bromley, Sutton, Uxbridge and Romford, sending live readings to the cloud with minimal power draw.

Triaxial geophones record piling, demolition and track-borne vibration in Harrow, Ealing and Hounslow, issuing automatic email or SMS alerts when thresholds are exceeded.

Embedded thermocouples and maturity sensors provide live curing data for pours from Wembley to Canary Wharf, supporting confident strike-time decisions.

Class 1 meters verify compliance with Section 61 consents in densely populated areas such as Ilford, Croydon and central London.

Turbidity probes protect watercourses and drainage systems on riverside works along the Thames and Lea Valley.