[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Friday, 22 June 2007, 12:44 GMT 13:44 UK
Parking space on sale for 24,000
St Ives parking space
The space is near the beach
A parking space in the Cornish resort of St Ives has gone on the market for 24,000, twice the average salary in the town.

The freehold site in The Stennack, measuring 11ft by 6ft (3.4m x 1.8m), is a short stroll from the town's beaches.

House prices in some parts of the picturesque town have reflected substantial rises in the West Country.

In one road prices average more than 550,000 and estate agents were not surprised at the price for a car park.

'Small potatoes'

Local agent Chris Wood, vice president of the National Association of Estate Agents, said: "If you can park your car you have an awful lot more freedom.

"You are not reliant on public transport which we all know is virtually non-existent down here.

"In any of the cities around the country short of parking spaces, they go for an awful lot more than that, up to hundreds of thousands of pounds in some parts of London, so this is small potatoes."

He said that a house price crash was unlikely.

"While most people expected a dip, it just has not happened. At the moment there are no signs that it will burst.

"Housing is still seen as a good investment by an awful lot of people."




SEE ALSO
Truro house prices top 300,000
23 Apr 07 |  Cornwall
County house prices show 2% rise
12 Feb 06 |  Cornwall

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites



FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

PRODUCTS & SERVICES

Americas Africa Europe Middle East South Asia Asia Pacific