It's difficult to express how cramped the city of London really is. It's not like New York, Los Angeles or Chicago, which had the benefit of being built after the advent of the grid system - we suppose that's the downside of being founded by the Romans.

As a result of its ancient beginnings and meandering streets, parking in London is very, very expensive. Take this two-car underground spot near Kensington's Royal Albert Hall, which just sold for 400,000 pounds ($665,680), as an example. It's now the most expensive parking spot in the whole of the United Kingdom, costing 2.5 times the price of an average house. It's 15 times the average salary of one of the Queen's subjects, and according to The Telegraph, for the same price someone could rent a spot in a parking garage half a mile away... for 31 years.

According to The Telegraph, the pricing of this spot isn't unusual as of late. The average price in the garage has increased 31 percent in the past ten months, moving from 275,000 pounds ($457,655).

Now, let's hear the New Yorkers complain about the horrible cost of a parking spot.


I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • 21 Comments
      mlggerlich
      • 10 Months Ago
      Sorry for being a bit trolling but this is a bit crap! London being founded by romas, is indeed up for arguement! and the grid system was derived by the greeks, used for their colonies, later adopted by the romas, also used for their newer cities. BTW the grid system as we know it for planing, was first seen used in 600 b.c.
      Typesbad
      • 10 Months Ago
      I think if I lived in London, I'd be reading BicyleBlog right now.
      skoobey
      • 10 Months Ago
      Those inflated prices have to do with lots of rich Arabs and Russians that reside in London. If there's a market, the prices will go up.
      citroen_2cv
      • 10 Months Ago
      "..a parking garage half a mile away... for 31 years." a little farther and you can rent my space for longer than that, much longer actually :D .
      m_2012
      • 10 Months Ago
      We obsessively cover... a single parking spot in another country. Slow news days...
        Jake
        • 10 Months Ago
        @m_2012
        Well, it was two parking spaces.
      thequebecerinfrance
      • 10 Months Ago
      Some people can barely afford to put food on the table while others can afford to buy 400000 pounds parking place. Ridiculous.
        chad.pattyson
        • 10 Months Ago
        @thequebecerinfrance
        There is a wonderful country called North Korea for people with a mindset like yours.
          thequebecerinfrance
          • 10 Months Ago
          @chad.pattyson
          Lol, you have no idea what is the difference between socialism and communism. But that's ok, I don,t expect people like you to understand something that basic, requires a little culture.
      Lynchenstein
      • 10 Months Ago
      So for $666k, those spots must be underground parking, right? }:-)>
        m_2012
        • 10 Months Ago
        @Lynchenstein
        "Take this two-car underground spot near Kensington's Royal Albert Hall" Not everything is in the title.
      Technoir
      • 10 Months Ago
      Owning a car in London (or any other dense metropolis) by itself is a waste of money.
      Alex
      • 10 Months Ago
      For everyone complaining about spending a large amount of money on a spot, needs to realize all he is doing is parking his money in a parking spot. If he sells it at any time he will recoup his funds, and maybe make a profit, while enjoying a parking space!
      nocommie11
      • 10 Months Ago
      I'm glad I live in Houston where 99% of parking is free, roads are wide and plenty, and gas is under $3 per gallon.
        mycommentemail
        • 10 Months Ago
        @nocommie11
        Everyone has different priorities. That's what makes it great. I'm glad you enjoy your town. I've never been there but I'm sure it is pretty cool.
      jebibudala
      • 10 Months Ago
      In Seattle I was paying $380/month per parking spot, in an unsecured underground garage... and I thought that was expensive.
      Actionable Mango
      • 10 Months Ago
      With parking spaces going for that kind of money, or even a small fraction of that, wouldn't there be a huge financial incentive to either build up or dig under and create more spaces? Admittedly I have no idea what the area is like at Kensington's Royal Albert Hall, so maybe they simply cannot.
    • Load More Comments