London is the most expensive city in the world to park your car, according to a survey.
Parking your car in London's financial district costs on average 68.07 U.S. dollars a day, or 1,166.87 dollars a month, while parking in the popular West End entertainment district cost 1,135.76 dollars a 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 dollars a month, closely followed by Hong Kong at 742.40 dollars a month. Perth, also in Australia, was fourth at 610.42 dollars a month.
In the United States, New York City's Midtown was the priciest place to park at 585 dollars a month, followed by the city's Downtown at 462 dollars 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 dollars a month) while Santiago, Chile was Latin America's priciest place at 200 dollars 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 dollars while Cape Town, South Africa, came in second at 137.77 dollars a month.
Source:Xinhua
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