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 SINGAPORE
(Reuters Life!) - As if rising gasoline prices weren't enough, motorists
are being hit by higher parking charges, with London coming up tops
as the world's most expensive city to park your car, according to a
survey.
Parking your car in the City, London's financial district, costs on
average $68.07 a day, or $1,166.87 a month, while parking in the popular
West End entertainment district cost $1,135.76 month, according to an
annual survey by real estate firm Colliers International that was conducted
in June.
Sydney, Australia, came in second, with parking costing $774.76 a month,
closely followed by Hong Kong at $742.40 a month. Perth, also in Australia,
was fourth at $610.42 a month.
In the United States, New York City's Midtown was the priciest place
to park at $585 a month, followed by the city's Downtown at $462 a month.
"We continue to observe a direct correlation between the rising
cost of monthly parking and the ongoing strength of the office real
estate market," said Ross Moore, director of market and economic
research at Colliers International.
"This dearth of parking and accompanying rise in cost, coupled
with skyrocketing fuel prices exacerbates the everyday headaches faced
by commuters."
The Colliers survey tracked 64 downtown areas in the United States
and Canada as well as 74 cities in Europe, the Middle East, Africa,
Asia and Latin America.
In Europe, Stockholm was the second most expensive place to park after
London ($508.92 a month) while Santiago, Chile was Latin America's priciest
place at $200 a month.
In the Middle East and Africa, Tel Aviv, Israel and the Gulf city of
Dubai were tied at the top spot with monthly parking costing $198.48
while Cape Town, South Africa, came in second at $137.77 a month.
And if you're looking for the world's cheapest place to park, head
to Jakarta, the car-clogged capital of Indonesia, where monthly parking
costs a mere $26.07.
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Newsletter:
25 May 2012 2012 to 1 June 2012 - Dullstroom, Mpumalanga, South Africa
