Too many people, too few parking spaces

Research conducted by The London Housing Federation predicts that London will have another 280,000 cars in 10 years time, as a consequence of the city's population increasing by 800,000. The result will be parking spaces in London becoming increasingly difficult to find.

Key views to come out of the research are:

• More than 50% of homebuyers in West London would not buy a home which didn't have any parking facilities.
• 53 per cent of people said that they might give up their car if they lived close to good public transport.
• 43 per cent of potential homebuyers believe that public transport is unreliable.

One of the key trends in the future could be the increased activity of buying and selling private parking spaces and garages. With many London properties valued in excess of £1 million purchasing a parking space on top of this for an excess £100,000 doesn't seem too extreme.

A Helping Hand to Organise Rentals

We have received quite a few requests for help with identifying places to obtain contracts to help landlords and tenants formally organise rentals so we decided to put together our own free rental agreements. Sticking with the theme of YourParkingSpace there's no catch - the contract templates are completely free of charge. If they prove to be useful feel free to give us a mention on your blog if you have one!

Of course, you don't have to worry about formally organising rentals - in fact, most people don't worry about getting an agreement signed. But if you want that extra peace of mind it's now available.

If you have any feedback or other requests feel free to get in touch or leave a comment below. We're always interested in hearing from you.

Browsing Parking Spaces in London

Are you looking for somewhere to park or store your vehicle in London? As an alternative to searching for car parking you can also browse our available parking throughout the London Boroughs. Spaces are available wherever you need them, including Islington, Wimbledon and Kingston.

The New Parking Rules - Potential Money Spinner?

Last Monday the parking regulations in the UK were changed. The official line is that it'll be a fairer system. To achieve this the following changes have been introduced:

• CCTV can now be used to issue tickets
• Parking on a yellow lines now carries an increased fine
• Clamping to be phased out except for repeat offenders

The biggest change is the fact that motorists can now receive a letter in the post requiring them to pay a huge fine for an apparent motoring offence commit weeks earlier.

The possibility for mistakes being made is huge. Suppose you stop on a yellow line to drop someone off... don't stop for too long or the CCTV camera will think you're parking there.

One good move is the reduction in clamping, although the reason behind this is likely to be as much financial gain as it is for a fairer system. Clamping is time-consuming, labour-intensive and expensive. It certainly doesn't compare to a quick new system of sending out fines in the post.

All in all it's good news for councils. If they're a little short of cash they have a new money spinner at their disposal - CCTV parking cameras.