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Bank Savings / Deposit Interest Rates to Fall Sharply

8th November 2008 | back to article listings BACK    print this article PRINT

Instant access savings accounts at banks are paying interest rates that are close to zero - not something that is going to be helped by the base rate cut last week.

Even savings bonds where you lock up your money for two or three years or more and that currently pay around five or 6% are going to fall over the next week or so sharply.

Where do people go for good income ? It's no coincidence that our investment division is seeing a substantial increase in demand for hotel room investments yielding typically 8% or more.

There is even a UK budget sector hotel, behind the booming profits at Whitbread/Premier Inn and Travelodge, and located in Preston, that pays 8% interest on the deposit during the construction period.

People are more and more considering that part of their assets should be in this high yielding property sector and we've certainly seen a huge number of enquiries and people through the doors of our hotel room investment training courses - not just investors but IFAs as well.

Take a look at the properties currently available around the world at hotels.assetz.co.uk and in particular the budget hotel sector that is already booming as a result of the economic slowdown. The new budget hotel in Preston city centre is a good example - hotels.assetz.co.uk/property-detail.htm?propID=2937


This news story has come from the property investment blog by Stuart Law, CEO Assetz plc.

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