London, England - A parking spot in London is on sale for the equivalent of R7.7-million, that's one and a half times more than the average cost of a house in the UK.
YourParkingSpace.co.uk, the UK’s leading online car-parking market place, has revealed some of the countries most expensive parking spaces for sale.
Topping the list, unsurprisingly, is London, where a space has recently been put on the market for an eye-watering £350 000. The private parking space has room for just one car, and is located behind the prestigious Hyde Park Gardens, one of the premier addresses in Westminster.
Even Jacob Zuma would struggle to pay it off
The cost of the parking space is more than one and a half times higher than the average house price in the UK.
For perspective in South Africa - the National Assembly has approved President Jacob Zuma's salary increase to R2.87-million a year from April 2016. Even Zuma might have trouble paying for this prime parking spot.
According to the agent details the space is ideally located for the transport links of the M1 and London Underground stations, as well as the new Crossrail service. It measures approximately 5.9m x 2.4m and is held on a private lease with approximately 88 years remaining.