Parking mad! London has the world's most expensive parking

£42 every day. That’s what you fork out on an average if you park your car in London.

But at a time where the world’s most expensive car space was sold in Mayfair last year for £300,000, is that surprising?

Research by parkatmyhouse.com, a website that allows users to rent out their driveways, found that London has beaten New York, Sydney and Tokyo to become the world’s most expensive city for parking spaces.

Commercial parking in London is more than 20 times – yes, you read that right – 20 times more expensive than other city centres in the UK. While parking in the West End and City of London can cost you £75 per day, parking on Cole Street, Scunthorpe, costs £3.50 per day.

Motorists in the capital have to pay more than three times the parking fee in other UK cities, including £12 in Manchester and £10 in Birmingham.

Anthony Eskinazi, founder of parkatmyhouse.com, said: “The prices in London are just crazy. Little wonder Boris leaves the car at home.”

Parking

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English councils make £565m from parking-charges

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Readers' comments (3)

  • Anonymous

    The motorist is regarded by bureaucrats as an easy target. Until people in Britain wake up to the reality that they are being unfairly taxed and vote for a party that represents them this nonsense will continue.

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  • What sort of maths are you playing with?
    Firstly, Scunthorpe is NOT a major city but a depressed town in North Lincolnshire. Secondly, You would "average" £20 parking in Manchester. £20 versus £42 is NOT 20 times greater!! Otherwise, yes, parking is expensive in London but is against a background of extensive public transport.

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  • I parked in Baynard House Car Park (a City of London run car park) at St. Paul's on Saturday at 13:50 and left on Sunday at 11:00 - the charge for nearly 24 hours? £2.50.

    Granted the same car park will cost you more in the week, 7am to 7pm for example would cost £30 however when you compare that to £20 for the same 12 hours in Reading I don't think it's too bad.

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