More Homeowners Choosing To Rent Their Driveways For Extra Income

3rd January 2019
rent driveway

More and more homeowners are deciding that their empty driveway is the perfect way to make money. By renting out their driveway as a parking space, a record number of Brits are making a fortune from the comfort of their own home. in 2018, numbers show that than £15 million was earned as an extra income by homeowners. On YourParkingSpace.co.uk, there are nearly 30,000 homeowners registered and ready to offer their parking space to drivers.

With financial uncertainty hanging in the air, Brits are looking at new ways they can make more money and help the household. Indeed, YourParkingSpace.co.uk is a popular online parking platform that offers everyone the opportunity to do that. It was founded in 2013 and allows homeowners to upload their lock-up garage, driveway and private parking spaces to other drivers. There are also commercial car park operators that use the marketplace. There are already 29,621 homeowners signed up to use the portal, with an amazing 41 per cent surge in users from 2017. The marketplace now also works with international brands such as Hilton and Novotel, which is sure to see this grow.

London was the most popular registration for driveways that you were able to rent in 2018. But there are also other big cities that joined in the fun. This includes Edinburgh, Oxford, Liverpool and Manchester. If parking spaces are in desirable areas, drivers looking for somewhere to park their car are more likely to use them and pay more. This can include busy city centres, near sports and event venues and near to local railway stations. Other popular cities where this logic applied includes Glasgow, Crawley, Cambridge, Cardiff and Brighton. For drivers, parking spaces on this marketplace are cheaper and more cost effective for them.

You can register your driveway or sign up to rent a parking space by visiting www.yourparkingspace.co.uk.

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