Most new residential developments offer just one parking space, despite the fact that many households now have at least two cars, writes Tony Booth.

There is now such a huge demand for secure garages that values are rising fast ... and savvy investors with a sharp eye on opportunity might want to consider this as an alternative route to profit from property.

The traditional advantages of owning and running a car are becoming increasingly tested.

Fuel costs, road toll charges and the lack of parking spaces affect every commuter to a larger or lesser degree and more so for those that live or work in and around the capital and larger UK cities. The days when driving was a pleasure are long gone - for many it is now an expensive and frustrating necessity that we simply have to endure, day in, day out, so we can fulfil obligations to our family or employer.

Lack of space