What's the boat market like in 2024?
Discussion
Yacht market is changed due to Brexit.
smaller pool of both boats and buyers.
Also an influx of returning boats with a number of sailing pensioners deciding it's time to sell up.
New boats are bonkers expensive, good used boats still attract good money.
I'm told there are less people looking to extend their mortgage by £100k to buy a mid-size boat.
The market is like the car market, different things happening in different sectors, and imaybe regionally.
Prices of classic mega-yachts don't really trouble me very much.
If I sold my boat, I am pretty sure I'd get the bulk of my cash back.
smaller pool of both boats and buyers.
Also an influx of returning boats with a number of sailing pensioners deciding it's time to sell up.
New boats are bonkers expensive, good used boats still attract good money.
I'm told there are less people looking to extend their mortgage by £100k to buy a mid-size boat.
The market is like the car market, different things happening in different sectors, and imaybe regionally.
Prices of classic mega-yachts don't really trouble me very much.
If I sold my boat, I am pretty sure I'd get the bulk of my cash back.
We're certainly slowly moving back into a buyers market now, however the boats which are well looked after and presented are still selling quickly at strong prices.
Prices are softening, but no major re-pricing like we saw during brexit/covid.
The boats which aren't selling are those needing work and the owners not appreciating the real cost to put their boats right and only pricing marginally lower than the better condition equivalents.
Prices are softening, but no major re-pricing like we saw during brexit/covid.
The boats which aren't selling are those needing work and the owners not appreciating the real cost to put their boats right and only pricing marginally lower than the better condition equivalents.
Audis5b9 said:
We're certainly slowly moving back into a buyers market now, however the boats which are well looked after and presented are still selling quickly at strong prices.
Prices are softening, but no major re-pricing like we saw during brexit/covid.
The boats which aren't selling are those needing work and the owners not appreciating the real cost to put their boats right and only pricing marginally lower than the better condition equivalents.
This, I was afraid it would take forever to sell mine but it went quite quickly with not a hughe amount of negotiation - speaking for the Italian market but think it is similar all across Europe. Prices are softening, but no major re-pricing like we saw during brexit/covid.
The boats which aren't selling are those needing work and the owners not appreciating the real cost to put their boats right and only pricing marginally lower than the better condition equivalents.
Been after a boat for a few years. Viewed one days before lockdown for 7.5k lovely boat but held off the offer as lockdown imminent and the uncertainty of everything. Same make and model is lesser condition being advertised for around 11k. I was shopping decent boats up to 10k pre covid but need around 15k.
Viewed one I loved last year in budget and amazing condition. Phoned up next morning 10:30am and it sold on a 9am viewing. doh
Viewed one I loved last year in budget and amazing condition. Phoned up next morning 10:30am and it sold on a 9am viewing. doh
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