Page last updated at 14:16 GMT, Friday, 9 May 2008 15:16 UK

The Truth about Property

Jenny Scott and Andrew Verity

The Truth about Property is back for a second series and aims to make sense of the housing market turmoil. In this series presenters Andrew Verity and Jenny Scott travel around the UK to hear how households are coping.

Are you crash proof?

The ubiquitous credit crunch has led to a rough ride for home owners in recent months, causing higher mortgage costs and in some cases, negative equity and repossession.

FIND OUT MORE...
The Truth about Property is on BBC Two on Monday 12 and Tuesday 13 May at 2000 BST

In the first programme Andrew and Jenny find out how homeowners would cope in the event of a major property crash.

Andrew meets the Sawbridge family in Sheffield who are struggling to pay the mortgage and keep a roof over their heads.

While Jenny meets a property investor who is sure there is money to be made even when times are hard.

A solid investment?

In the second programme Andrew and Jenny find out how much we all invest in our houses and ask, is property a solid investment?

Andrew travels from John O'Groats to Lands End meeting people who face property dilemmas.

These include Tina and Simon who are first-time buyers and have just bought a home in Newton Aycliffe. The trouble is, falling prices have turned their dream into a potential trap. Now Tina wishes they had not bought.

Andrew also meets those who have found a creative solution to tough investment decisions such as Robin and Nicky who have invested in eco features. They believe a greener home will be easier to sell. Until then, they will enjoy lower utility bills.

Meanwhile Jenny jet sets with the property players.

Andreas Panayiotou used to work in his mum's laundrette. He bought his first property on Chapel Market in London 14 years ago. Today he owns assets in excess of half a billion pounds.

Andreas predicted the housing market slump and sold property worth 700m at the market peak. How did he know when to sell? And how far does he think property will fall?

Jenny also visits one of the most exclusive places to live in the world. Here an air of status has put a premium on prices. But how solid is an investment that is built partly on aspiration?

The Truth about Property will be broadcast on BBC Two on Monday 12 and Tuesday 13 May at 2000 BST





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