Eight parking spaces in the exclusive Mayfair district of London went on sale yesterday for a guide price of $3.6m (\u00a32.25m).<\/p>\n
At nearly half a million dollars apiece ($450,000), each space is priced higher than the average UK house, which the Office for National Statistics calculates currently to be $439,000.<\/p>\n
A private forecourt, it\u2019s a speck of London most likely too small to build on. And anyone hoping to snap up just one space or two will be disappointed \u2013 the eight are being sold together.<\/p>\n
Real estate broker Carter Jonas LLP said the space would best remain as parking.<\/p>\n
\u201cCollective parking space in Mayfair is a rare commodity,\u201d Ashley Coleman, head of Carter Jonas in Mayfair said in a statement.<\/p>\n
\u201cIt is very likely to appeal to a wealthy resident looking for good home for their luxury fleet of vehicles.\u201d<\/p>\n
The spaces have a 990-year lease, the broker added.<\/p>\n
Thanks to an influx of foreign investors, London is booming as a centre of luxury residential development. Some $96bn of luxury homes are to be built there over the next decade, according to consultant EC Harris.<\/p>\n
Luxury home values in the capital climbed 75% in just over five years, broker Savills Plc said on 10 September.<\/p>\n
Meanwhile, UK home prices rose 11.7% in the 12 months to August, the Office for National Statistics said.<\/p>\n
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