Parking space cost: $187,500
02-25-04, 10:48 AM
#1
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Parking space cost: $187,500
Parking space cost: $187,500
If you're looking for a place to leave your car in central London, a prime spot will cost big money.
February 24, 2004: 1:30 PM EST
LONDON (Reuters) - A car parking space is for sale in central London for $187,500, fueling a favorite obsession of Britons: talking about property prices.
The space, in an underground car park near luxury store Harrods in Knightsbridge, is thought to be one of the most expensive in Britain.
"There is a shortage of parking spaces in the area," said Andy Summer for Harrods Estates who are handling the sale.
Prices of parking spaces and individual garages have risen steadily in recent years as motorists seek ways to avoid parking costs of up to four pounds an hour and tickets from zealous traffic wardens.
One parking bay in the same Knightsbridge underground car park is understood to have sold last July for $177,000 while another was bought by a mother for her 3-year-old son for when he can drive.
"Spaces are an investment and, for the sort of people who live in the area, £100,000 (about $187,000) is not that much," said Summer.
A recent boom in property prices has pushed the average price of a home in Britain to just over $261,000. Knightsbridge is one of the most expensive parts of London, where properties routinely sell for millions of dollars
Find this article at:
http://money.cnn.com/2004/02/24/news...reut/index.htm
If you're looking for a place to leave your car in central London, a prime spot will cost big money.
February 24, 2004: 1:30 PM EST
LONDON (Reuters) - A car parking space is for sale in central London for $187,500, fueling a favorite obsession of Britons: talking about property prices.
The space, in an underground car park near luxury store Harrods in Knightsbridge, is thought to be one of the most expensive in Britain.
"There is a shortage of parking spaces in the area," said Andy Summer for Harrods Estates who are handling the sale.
Prices of parking spaces and individual garages have risen steadily in recent years as motorists seek ways to avoid parking costs of up to four pounds an hour and tickets from zealous traffic wardens.
One parking bay in the same Knightsbridge underground car park is understood to have sold last July for $177,000 while another was bought by a mother for her 3-year-old son for when he can drive.
"Spaces are an investment and, for the sort of people who live in the area, £100,000 (about $187,000) is not that much," said Summer.
A recent boom in property prices has pushed the average price of a home in Britain to just over $261,000. Knightsbridge is one of the most expensive parts of London, where properties routinely sell for millions of dollars
Find this article at:
http://money.cnn.com/2004/02/24/news...reut/index.htm
02-26-04, 07:02 AM
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Originally posted by O. L. T.
"honey, what should we save up for first, the parking space or the new house'
"honey, what should we save up for first, the parking space or the new house'
I'm being sarcastic but that may actually work..
Last edited by Milla...; 02-26-04 at 07:05 AM.
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02-26-04, 05:59 PM
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Originally posted by Milla...
When you have to actually buy a spot separate from your home just to park you car, then maybe you don't need one.
When you have to actually buy a spot separate from your home just to park you car, then maybe you don't need one.
~ Stella
02-27-04, 06:45 AM
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You know I think your the first female I've seen since I've been here. Why hello there.. Wow I don't feel so alone now. Its really nice to see your post Yankees Diva.
02-27-04, 06:48 AM
#11
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Originally posted by Milla...
You know I think your the first female I've seen since I've been here. Why hello there.. Wow I don't feel so alone now. Its really nice to see your post Yankees Diva.
You know I think your the first female I've seen since I've been here. Why hello there.. Wow I don't feel so alone now. Its really nice to see your post Yankees Diva.
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