Bordeaux and its private car parks: a thriving market

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Started a little over a year ago, at the beginning of 2017, Bordeaux is still pursuing the extension of paid parking on the streets and the strengthening of controls. Most of the intra-boulevard districts are now completely profitable, beyond the simple city centre, so districts such as The Chartrons, Nansouty-Saint Genès, Belcier, or Bastide, right bank are concerned. Far from being limited to paying for parking on shopping streets, many areas of Bordeaux are typically residential. This situation gives rise to a significant annoyance among a substantial proportion of the inhabitants who now have to pay for the right to park in front of their homes. In response, these measures are doing business with private parking, which is seeing more demand. A large-scale market that is expected to continue to grow in the coming months. Even if you pay so much to be sure you can park…

A safe alternative to explanations received as unconvincing

For the Bordeaux City Council, the rule is: resident parking associated with paid parking by timer. You can park one car per household for 165 euros per year in a predefined area around the place of its street. Outside the place of residence, motorists must pay for parking in the rest of the city, which from 3 hours of parking costs no less than 30 or 35 euros depending on the area.

The city’s objectives are numerous, and the most frequently mentioned argument is “to be a clean city” and to relieve congestion in the city centre. In return, the city’s policy focuses on the development of public transport (tram, bus, bicycle, electric scooter or even boat). All this in order to reduce pollution but also to make the centre of Bordeaux a fully pedestrianised area by 2020. Already today, many development works have begun in the city centre, in order to make more room for pedestrian areas and to eliminate the traffic of cars in hyper-center. Since the Bordeaux City Council decided to entrust control over the payment of time stamps and subscriptions to a private company (Moovia), causing annoyance among local residents when their subscription was not spotted during the check of license plates and thus resulting in unjustified penalties, the market for the parking space has continued to grow.

Indeed, alternative to public parking paid, private parking and boxes offer the advantage of often being more protected (parking in basement or closed around residences, common garage or individual) than parking on the side of the road, and without limitation of time or constraint such as the lack of free spaces. Less addressed, the question of the second vehicle in the home also arises. As resident parking allowed only one vehicle at a time, many households unable to settle for a car were forced to turn to private parking.

Too much demand that is a problem

However, the lack of availability of spaces in these private car parks is beginning to be felt. Many people sign up on a waiting list to rent a parking space or even buy it. The rental of this type of property allows very little turnover because the tenants are almost exclusively residents and often give way only during a move for example. In the case of the sale, the goods on offer are also scarce. Real business, highly profitable and non-binding investment, many parking lots are owned by properties betting on renting. Moreover, an owner wishing your property and having a parking space often resells the latter at the same time as the house, therefore not opening his offer to another public.

In this situation, little space is left for other motorists living in the paying areas, who unfortunately have to trick out to find free places often far from their place of residence.

Since the growth of the private car park market, purchase prices have skyrocketed. On the other hand, even if demand increases, rental rates do not soar as quickly. “It took 15 to 20,000 euros to buy a parking space in Bordeaux recently, now it’s 30-35,000 euros. This follows the real estate price curve,” says Laurent Benedetti, director of Citya Alsace Lorraine.

Applications to help the “left behind”

Since it has become difficult to park in the city, smartphone apps specializing in seat rentals are emerging. The mobile app Yespark makes it easy to find parking spaces in the parking lot of some buildings and residences. Other mobile applications benefiting from the increase in demand, the Take My Place platform or Parkadom also offer parking rental between individuals, on Bordeaux and in other cities of France with complicated parking.

A situation that therefore creates business opportunities, in the service of good living.

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Map of paid streets – Bordeaux

Parking rates and terms in Bordeaux

Ouistock, What about interest in parking?, April 6, 2016

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