- New-Home Sales Jump to Highest Level in Over Year
- Consumer Mood Improves, but Anxiety Over Finances
- Airlines Hit With Penalties for Stranding Passengers
- Jobless Claims Below 500,000, Durable Orders Slip
- US Said It Will Reduce Emissions by 17% by 2020
- Garlic Price Rises Surpass Gold, Stocks in China
- Judge Erases Couple's $525,000 Mortgage Payment
- Black Friday: Can Banks Tap the Frenzy, Too?
- Blue Jeans Expected to See Another Green Christmas
- S&P at 1050-1200 Trading Range Next Year: Strategist
- Treasury On Mortgage Modifications
- Blue Jeans Expected to See Another Green Christmas
- Investors Thankful for Gains This Year
- Thanksgiving & the Markets
- Art Cashin: Caution 'Growing' in Financials, Dividend Moves
- Topless Business Is Taking Off
- 3 Software Stock Picks from Lazard's Senior Analyst
- Schork Oil Outlook: Gas Bulls Pinning Hopes on Mother Nature
MOST SHARED
- Ritz-Carlton ?Struggling? in the US: President
- Garlic Price Rises Surpass Gold, Stocks in China
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Half of Banks' Losses May Still Be Hidden: IMF Head
- New-Home Sales Jump 6.2% To Highest Level in Over Year
- Oil Price to Average $75.40 in 2010: Poll
- Obama Reiterates Commitment to Boost US-India Ties
- Consumer Mood Improves, But Anxiety Over Personal Finances
- Jobless Claims Below 500,000, Durable Orders Slip
Text Size 
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.
Print
Email
- Here's how key provisions of the health care reform bill would impact your insurance and how you'll pay for it.
- Playboy will outsource its publishing operations in a bid to become profitable again.
- Remember when auto shows were major events where new models could generate buzz?
- After nine years the NBA’s minor league equivalent is finally coming into its own.
- Bill Griffeth is taking a leave of absence from CNBC and Power Lunch for a year. Here's a message from Bill.
- For nearly three decades, these on-call experts have been dishing advice on how to – and not to – cook turkey.
Data is a real-time snapshot *Data is delayed at least 15 minutes