Page last updated at 08:45 GMT, Wednesday, 13 May 2009 09:45 UK

Buying at peak - from boom to bust

Advertisement

Andy Verity meets George Vassiliou who made a small fortune when he sold his former Hackney council house two years ago.

However he invested the money in buy-to-let properties which have now become a terrible burden for him, as he is having trouble getting the rent from tenants who have lost their jobs.

Propertywatch, a new series on property prices and the downturn, is broadcast from 11-14 May at 2000 BST on BBC Two.

SEE ALSO

Story Tools

BBC navigation

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific