World’s most expensive parking places

Ramy Inocencio, CNN
Updated 1:19 AM EST, Thu November 22, 2012
A Hong Kong executive recently offered to buy this parking space for $640,000. CNN takes a look at the most expensive cities for parking.
Would you buy this space for $640,000? —
A Hong Kong executive recently offered to buy this parking space for $640,000. CNN takes a look at the most expensive cities for parking.
Buying a car in London might be cheaper than owning it. The monthly parking rates are highest in the world in London-City at $1,084, according to Colliers International. A little cheaper on the West End of London at $1,014.
1. London —
Buying a car in London might be cheaper than owning it. The monthly parking rates are highest in the world in London-City at $1,084, according to Colliers International. A little cheaper on the West End of London at $1,014.
Getty Images
Having a car in Zurich will cost you $822 a month on parking bills.
2. Zurich —
Having a car in Zurich will cost you $822 a month on parking bills.
Getty Images
If you can find the parking space in Hong Kong, your monthly parking bills will be $745.
3. Hong Kong —
If you can find the parking space in Hong Kong, your monthly parking bills will be $745.
Getty Images
In Tokyo, a parking building can be more profitable than an apartment. Parking rent per month is at $744.
4. Tokyo —
In Tokyo, a parking building can be more profitable than an apartment. Parking rent per month is at $744.
AFP/Getty Images
If you want to pay parking bills like the Romans do, you need to cough up $718 every month.
5. Rome —
If you want to pay parking bills like the Romans do, you need to cough up $718 every month.
AFP/Getty Images
Motorists in Perth pay $717 for a space to rest their rides.
6. Perth —
Motorists in Perth pay $717 for a space to rest their rides.
Courtesy Tourism Western Australia
If you want a parking spot in Geneva, you need to be willing to pay $705 a month.
7. Geneva —
If you want a parking spot in Geneva, you need to be willing to pay $705 a month.
AFP/Getty Images
At $695 per month, it is not cheap to park in Sydney.
8. Sydney —
At $695 per month, it is not cheap to park in Sydney.
Getty Images
With parking fees at $612 a month in Oslo, you are tempted to give up the luxury of a car and use the buses instead.
9. Oslo —
With parking fees at $612 a month in Oslo, you are tempted to give up the luxury of a car and use the buses instead.
Getty Images
A parking space in Melbourne will cost you $598 a month.
10. Melbourne —
A parking space in Melbourne will cost you $598 a month.
AFP/Getty Images
Top 10 most expensive cities for parking

Story highlights

In Hong Kong's Central district, an executive recently offered $640,000 for a parking space

A record-high real estate market and lack of supply is spurring parking prices

On average, Hong Kong is the third most expensive place to park in the world

Average cost for parking is higher for car owners in London and in Zurich

Hong Kong CNN  — 

Nestled within Hong Kong’s dense skyscraper jungle, a $640,000 property sits among some of the world’s most expensive commercial and re