15/07/2008

Cost of parking in London tops global list

London is the most expensive place in the world to park a car, according to a global parking rate report compiled by Colliers International, a property consultancy.

Monthly parking rates in the City of London top the list at £586 with the West End of London second at fractionally less. Those rates are about twice as much as New York and Tokyo.

Daily parking rate costs follow a similar pattern with the City of London leading the way, followed by Amsterdam, London’s West End, Moscow and The Hague.

(Financial Times)