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Evening Standard
Evening Standard
Business
Emma Magnus

Soaring prices, desperate drivers and Londoners cashing in: how parking spaces are becoming hot property

As visitors descend on Wimbledon in south-west London, homeowners on nearby streets can make thousands of pounds in a fortnight, cashing in on an asset that is rapidly becoming one of London’s hottest property types — their parking spaces.

“Everyone here in Wimbledon does it,” says Aliya Aralbayeva, who rents out two, or sometimes all three, of the parking spaces at her house.

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