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Parking in Tel Aviv costs NIS 73 a day, about average for big cities around the world
By Reuters

As if rising gasoline prices weren't enough, motorists are being hit by higher parking fees, with London coming up tops as the world's most expensive city to park your car, according to a survey.

Parking your car in the City, London's financial district, costs on average $68.07 a day, or $1,166.87 a month, while parking in the popular West End entertainment district cost $1,135.76 month, according to an annual survey by real estate firm Colliers International conducted in June.
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Sydney, Australia, came in second, with parking costing $774.76 a month, closely followed by Hong Kong at $742.40 a month. Perth, also in Australia, was fourth at $610.42 a month.

In the Middle East and Africa, Tel Aviv and the Gulf city of Dubai were tied at the top spot with monthly parking costing $198.48, while Cape Town, South Africa, came in second at $137.77 a month. In shekels, Tel Aviv parking works out to about NIS 73 a day, just about in the middle of the rankings.

In the United States, midtown Manhattan was the priciest place to park, at $585 a month, followed by downtown New York City, at $462 a month.

"We continue to observe a direct correlation between the rising cost of monthly parking and the ongoing strength of the office real estate market," said Ross Moore, director of market and economic research at Colliers International. This dearth of parking and accompanying rise in cost, coupled with skyrocketing fuel prices, exacerbates the everyday headaches faced by commuters."

The Colliers survey tracked 64 downtown areas in the U.S. and Canada as well as 74 cities in Europe, the Middle East, Africa, Asia and Latin America.

In Europe, Stockholm was the second most expensive place to park after London ($508.92 a month) while Santiago, Chile was Latin America's priciest place at $200 a month.

And if you're looking for the world's cheapest places to park, head to Jakarta, the car-clogged capital of Indonesia, where monthly parking costs a mere $26.07, or try India's Delhi at $1.75 a day.
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