|
CNBC'S MOST SHARED
- Unemployed? Bored? Make Money Playing Beer Pong
- Social Networking's 'Naked' Truth
- The Highest Grossing (Inflation Adjusted) Movies of All Time
- WPP's Sir Martin Sorrell on the Ad Recession
- Geek Squad V. Gizmodo
- Merrill's McCann Seen as UBS Wealth Frontrunner
- Warren Buffett's Top Three Investment Rules for the Average American
- Why You Should Watch Fund Flows
- Eric Schmidt on Government Scrutiny and Economic Recovery
- Fast Funds: Hot Ways To Play China
- Stimulus Will Kick in Later this Year: President Obama
- Lender CIT Group Hires Premier Bankruptcy Adviser
- Government Selling Bank Stakes for Too Cheap: Panel
- Buffett's Top 3 Investment Rules for Average Americans
- Market Insider: Earnings Loom in the Week Ahead
- Bulls Get Summertime Blues, But It's Hot Fun for Bears
- As Banks Fail, Strong Institutions Become More Visible
- GM IPO in Second Quarter 2010 at the Earliest: CFO

- Merrill's McCann Seen as UBS Wealth Frontrunner
- Eric Schmidt on Government Scrutiny and Economic Recovery
- Market 360: The Week's Best & Worst
- Geek Squad V. Gizmodo
- Brandt: Google Chrome OS in the Post-PC Age
- Other People Are Weirder Than We Are
- Bank Failures: Is The Nightmare Over? (Video)
- California Here I Go? No.
- Roginsky: No More Mr. Nice Guy
- Commercial Conundrum
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.
![]() |
Matt Dunham / AP |
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.








