impact of credit crunch and high oil prices

[catmandoo]

It occurs to me that the current financial situation such as the drop in the value of the pound in relation to the Euro as well as high fuel and food prices should be having an impact on boating in the Med and probably on boat prices too

Has any body noted any trends to date such as a slow down in chartering , less boats floating in marinas and low resale prices on boats .

Certainly in my case boat yard costs converted to pounds have taken a hit on the euro alone .

Which leads me to the next question - where to next year ? The Clyde ? /forums/images/graemlins/smirk.gif

 

[Sans Bateau]

Was talking with a Frenchman couple of weeks ago in SoF, he had just taken delivery of a 44(?) Bav and was going to keep it in Tunisia.

We certainly noticed how relatively expensive everything was this year, especially any chandlery bits.

 

[Phoenix of Hamble]

It might be my imagination, but our marina seems a lot less full than last year.....

 

[Channel Ribs]

[ QUOTE ]

Has any body noted any trends to date such as a slow down in chartering , less boats floating in marinas and low resale prices on boats .


[/ QUOTE ]

A lot of destination marinas are experiencing a very good summer, several that have never turned people away are having to think about it.

 

[petersto]

never mind the credit crunch and oil prices what about the crap weather. Worst I can remember and i am only 58yrs

 

[Chris_Robb]

[ QUOTE ]
never mind the credit crunch and oil prices what about the crap weather. Worst I can remember and i am only 58yrs

[/ QUOTE ]

Just had the best cruising weather in the UK ever. From 19th July till Thursday 31st, it was almots wall to wall sunshine in the solent area........... Never mind - I am only 59!

 

[StoicWarrior]

Yes. My boat, a 2003 Beneteau 36 Oceanis in the Med (Nice) has been listed for sale for over 3 months now and has had exactly FOUR (4) enquiries in that time, none serious enough to even go aboard and no offers. She's with a top broker and priced right; broker says all enquiries down. Anybody interested in a deal on a well maintained & fully spec'd B-361?

 

[tangomoon]

Was on Appollo Duck two days ago definite drop in prices of boats normally around £9K to £20K

More expensive will follow as economic problems bite more deeply.

Fact is it's a simple and very effective way to save money instantly if all is paid for or have cash in hand and stop a lot going out even if it's not

Lot of shattered dreams

 

[Twister_Ken]

Apart from the sale price of a boat, anyone who knows up from down will be concerned about the ongoing costs of ownership, and it's difficult to see sailmaking, boatyard or fuel costs getting cheaper. Mooring costs are maybe more variable, but certainly in the western Med moorings still seem to be in very short supply and for many of them in France, you actually have to stump up and buy a mooring leasehold. That might be one reason that your Benny 36 is sticking; no one can afford/find anywhere to keep it.

 

[petersto]

'Best cruising weather in th UK ever' MMMMM!!!

 

[Longshanks]

Is your boat listed in Euro or GBP? If Euro, the average British buyer is going to think "this is 15% more expensive than last year" and look at home. So if it's correctly priced for you in pounds, psychologically it would be better to price it that currency also (maybe you've done that?). Would also look more attractive to the Euro earners.

There should be lots of Irish and maybe French looking at buying a boat in the UK right now (at least those that were going to buy one anyway, and have the money). It'll be interesting to see what Bene & Bav do with pricing at the boat shows this year. They're going to get a lot loss Euros from the UK than last year, but if they try to recoup this through price increases, they'll be dead in the water IMHO. But that's business...you sell for the highest price you can...and take what profit you get.