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

Buying at peak - from boom to bust


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.


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