banger
Well-Known Member
That sounds about right in the present market, good luck with your search
Seems that people will travel south to see boats because they have a wider choice but are unwilling to travel north to see a one-off.
Given the exchange rates, boats are being exported to Europe.
I have it on good authority...
Absolutely - you'd hope anyone who does put the time and effort into restoring / maintaining a good example they would get fair value before selling on.
Just to give you a bit of background - I'm 29 and this will be my first boat. The boats I'm looking at aren't particularly glamorous (I.e. Centaur) and I believe the market for these will continue to fall. I see buying one of these as essentially writing the money off as in 5 years time I believe the market for these will further decrease as people my age and younger generally aren't interested in boats of this ilk. To this end - I'd expect anyone selling one to somewhat struggle (Dylan Winter being the exception - but even Dylan bought his example with a new engine for less than my budget) and because the cost of annual mooring exceeds 50% of value of these boats for the many who seem to keep them in marinas, they appear to be a huge liability - the level of liability determined by the general condition. I'm not sure many of the (small, old) boats some would like to offload will ever sell, and if they do, I imagine the negative equity from yard fees while the boat lay unused will exceed what they eventually receive.
Anyway, I'm sure I'll soon find out whether I'm being realistic or not when I start making offers - if I'm not then I'll be gazumped, if not the boats will continue to be listed; many boats appear to have been listed for years - some unused in that time.
Sorry if this sounds horribly cynical but this is how I'm framing it - I can't pretend this is an investment, it's a cost I'm willing to pay to gain the value from boat ownership and the journeys it will enable me to have. I'm also not out to rip anyone off, I just don't think most boats are worth what some think they are (these small, old boats are bizarrely worth less than the sum of their parts) and they will be worth even less when I come to sell (whether or not I maintain the boat appropriately).
Is it my imagination that there appears to be a lack of boats for sale with brokerages just now. Each one I look at advertises boats of which many are shown as sold which is good as shows they are generating business, but there would appear to be less current owners looking to sell.