Flats (otherwise known as apartments in some areas of the world) are by far the most common residential properties suited for urban living. By definition, an apartment is a living space that is situated within a larger complex and these locations normally share at least one adjoining wall with another residence. Their size can range anywhere between a small studio apartment to a large penthouse location that is hundreds of square metres. While the majority of apartments are located within areas that offer numerous mass transit options such as trams, buses and trains, there are other apartments that are rented or sold with a parking space that is included in the price.
The one obvious advantage of a property with a parking space is that it can accommodate a motorcycle, car or in some cases, even a small- to medium-sized lorry. These spaces can either be located directly on the street or instead inside of a parking garage. It is frequent that any spaces inside of a dedicated parking structure will be insured against theft or damage to the vehicle. Additionally, some of the most secure locations are monitored by television camera, guard or both.
It should be obvious that an apartment equipped with parking will be noticeably more expensive than one without. Depending on the location of the property and the size of the parking structure, this price can be quite substantial. Realtors will often advertise apartments with parking as a way to inform families and well-to-do individuals of this enviable possibility within an urban center.