British homeowners profit from renting out their driveways


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Slightly greater than a yr in the past, we reported on a brand new scheme in the UK that was kind of like an Airbnb for driveways. It was known as YourParkingPace.co.uk and what it did was join individuals who have empty driveways with individuals who wanted a spot to park.

A brand new press launch has arrived from the British firm reporting that owners renting out their driveways had made greater than £1,000 ($1,280) on common prior to now yr in 25 cities, with individuals with area to hire in London making greater than twice that quantity on common.

The corporate stated its shoppers have greater than 350,000 of the parking spots positioned throughout the UK.

“Empty driveways proceed to supply a big further revenue for households the size and breadth of the UK, which is probably much more welcome now than ever earlier than,” stated Harrison Woods, managing director of the parking area agency.

“With lockdown restrictions being eased and extra individuals returning to their office, plus being suggested by the federal government to keep away from public transport if doable, we anticipate a brand new surge in demand for empty driveways as motorists wrestle to seek out locations to park close to their locations of employment.”

A former each day newspaper sports activities editor, Larry Edsall spent a dozen years as an editor at AutoWeek journal earlier than making the transition to writing for the net and turning into the creator of greater than 15 automotive books. Along with being founding editor at ClassicCars.com, Larry has written for The New York Occasions and The Detroit Information and was an adjunct honors professor on the Walter Cronkite Faculty of Journalism and Mass Communication at Arizona State College.





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