Just how low can Euro boat prices go ...

The problem is when looking at circa 30 year old boats you have to kiss a lot of frogs before you find a prince.

With a few notable exceptions it isn't hard to take a few pictures which paint boats in a favourable light. The broker will use suitably vague language and isn't overly bothered how far you have to travel. No one says their boats are rubbish!

I think the boats linked to probably reflect the fact that once a boat gets to a certain age the liability of ownership is so great that the true value comes down. Rather than spend £x and a load of money maintaining people would rather spend £x plus and less money maintaining.

it is very difficult to make value comparisons on a 30 year old boat you haven't seen and inspected.

Henry :)
 
henryf said:
The problem is when looking at circa 30 year old boats you have to kiss a lot of frogs before you find a prince.

With a few notable exceptions it isn't hard to take a few pictures which paint boats in a favourable light. The broker will use suitably vague language and isn't overly bothered how far you have to travel. No one says their boats are rubbish!

I think the boats linked to probably reflect the fact that once a boat gets to a certain age the liability of ownership is so great that the true value comes down. Rather than spend £x and a load of money maintaining people would rather spend £x plus and less money maintaining.

it is very difficult to make value comparisons on a 30 year old boat you haven't seen and inspected.

Henry :)
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On the other foot.The cheapest 415 in the UK is in Essex at £55.K and pretty horrible it is too,damp and mould damage throughout to interior fabrics/roof lining carpets etc the master mattress merely wants burning :) and just reduced from 69K ish.
The average UK price seems to be in the mid 70K ,
Priced at "offers on" £35K in Spain ......... 40 thousand quid difference buys rather a lot by way of renovation. ?
 
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I am inclined to agree with Oldgit. We are looking for a 2004-2008 P50 and of the 4 boats in UK and Channel Islands the average price is £275k. Due to fly to the Med next week to view 6 boats and average price (with the weak Euro) is £240k. All are reasonably similar in spec, the only difference being the need to get the boat back to the UK. The £35k saving has got to be worth it plus the increased level of choice.

Only issue is when viewing boats I don't know what I am looking for....new thread coming !
 
I love the accuracy of the brokers details Fuel 3,975 litres and Water 1,719 litres ( Normally 1,100 and 500 IIRC) , so this one should be a bit low in the water!
 
Flyfloat said:
I am inclined to agree with Oldgit. We are looking for a 2004-2008 P50 and of the 4 boats in UK and Channel Islands the average price is £275k. Due to fly to the Med next week to view 6 boats and average price (with the weak Euro) is £240k. All are reasonably similar in spec, the only difference being the need to get the boat back to the UK. The £35k saving has got to be worth it plus the increased level of choice.

Only issue is when viewing boats I don't know what I am looking for....new thread coming !
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Friend of mine bought a P46 out of Palma a year or so ago 600 hundred hours on the clock, one owner,needed new external covers and seating and an A/C unit sorting.£160 K.
All those prices are asking..loads of boats out there..bid low :) its buyers market especially if your paying cash. :)
 
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Negative equity boats ?

adey said:
I should stop looking, not that I've got 1/4 mil...
What sort of offer would they take on this? http://www.yachtworld.co.uk/boats/2002/Sunseeker-Manhattan-64-2415088/Spain

Or this? http://www.yachtworld.co.uk/boats/2000/Azimut-Azimut-68-fly-2815549/Italy
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Blimming heck thats lot of boat for the money.
Must be few marine finance companies with boats down that way wondering if they are about to get a few boat keys back in lieu of payments....
 
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What is a low bid? I don't want to irritate the vendor or be unreasonable. On a £250k boat would you open at £220k or should I be blatantly (maybe guiltily) bullish and go in at £200k ?
 
Flyfloat said:
What is a low bid? I don't want to irritate the vendor or be unreasonable. On a £250k boat would you open at £220k or should I be blatantly (maybe guiltily) bullish and go in at £200k ?
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Its your money but 200K would be starting bid.
Nobody sells a boat for fun there is always a reason,trading up/getting out /snatch back/impending bankruptcy/ or maybe even a pending divorce.
Feel sure there are other forumites who can give you a sensible price to start off with in this price bracket but with the sheer number of boats out there and the length of time many have been up for sale you will be kicking at an open goal.
A quiet drink with the broker usually brings to the fore the seller who most needs cash fast.
There is actually company on Majorca who deal very quietly with bank snatchbacks, both very large and small.
You will need to pay cash and take a chance however ...no surveys etc :)
 
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oldgit said:
Its your money but 200K would be starting bid.
Nobody sells a boat for fun there is always a reason,trading up/getting out /snatch back/impending bankruptcy/ or maybe even a pending divorce.
Feel sure there are other forumites who can give you a sensible price to start off with in this price bracket but with the sheer number of boats out there and the length of time many have been up for sale you will be kicking at an open goal.
A quiet drink with the broker usually brings to the fore the seller who most needs cash fast.
There is actually company on Majorca who deal very quietly with bank snatchbacks, both very large and small.
You will need to pay cash and take a chance however ...no surveys etc :)
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I have been through the process before last Christmas ( to give me the rest of the winter to fettle ready for new season )
1- establish a raport via e-mail with the broker ,
2- ask for more detailed pics, in particular around the engine room and any other machinery -from this and (3) you can tell the level of up keep .
3-Enquire what paper work there is -service bills ,Vat invoice ,Bill of sale - any thing - ask broker to e-mail copies .
They know - you have to fly to view so make sure by doing the above it's in both parties that is not going to be a waste of every bodies time .
4 after a few contacts ring him up and talk through the " new" info then enquire as Olgit says to find the real reason .

Suggest if the boat is as described warts n all you are prepared to buy and take it away but before coming to view ( cos there are plenty for sale ) what's the best price ?
What you want the broker to say is this
" if you come to view this boat and you think it's ok you can have it for xyz no less "
In my case xyz was 1/2 listed price .
I revved up 2 one in Italy and another in Greece -had 4 brokers on my back -three were disappionted

Hope this helps
 
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oldgit said:
On the other foot.The cheapest 415 in the UK is in Essex at £55.K and pretty horrible it is too,damp and mould damage throughout to interior fabrics/roof lining carpets etc the master mattress merely wants burning :) and just reduced from 69K ish.
The average UK price seems to be in the mid 70K ,
Priced at "offers on" £35K in Spain ......... 40 thousand quid difference buys rather a lot by way of renovation. ?
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But they are for sale at that price - they have not sold at that price....
 
Doesn't anyone find this worrying? Eventually the cheap prices in € land are BOUND to adversely affect the values of our pride and joys.......strikes me as a tad odd no one seems concerned
 
I suppose there is the dawning of realism,

A boat is simply worth what someone will pay for it, and if no one is paying the price goes down.

I don't really think that much has changed. The exchange rate is a recent issue with Euro land, but people always bid less than asking , and these are the cheap ones, mostly old and no one know really what condition they are in from the advert.

Remember is was really not so long ago that the Euro was near as parity with the £ so a lot of the discount is exchange rate related.
 
Price disparity with Euroland boats cannot continue for ever. With a boat being a movable asset and UK buyers becoming more aware of differences in prices, more UK buyers will buy their boats in Euroland until such time as UK prices fall into line with Euroland prices or the Euro strengthens. We saw this same situation in the mid 1990s when Sterling was strong against the recently introduced Euro. For a couple of years, boat prices in Euroland were cheaper than the UK and people like me bought used boats in Europe rather than the UK. That situation did not continue. Similarly, in 2009-10 when Sterling crashed, Euro and Scandi buyers were buying boats in the UK but now prices in the UK are again more expensive than Europe

Whenever you have fluctuating exchange rates, there will always be periods when a significant exchange rate movement causes disparity in prices but eventually prices will equalise, at least until the next time the exchange rate moves significantly again.

FWIW, I agree with others that there is a general trend in the market towards lower prices anyway. There are simply fewer used boat buyers out there willing to buy boats that guzzle diesel at a rate of 1 mpg or less. That's bad for the used boat market and bad for the new boat market too because without a buoyant used boat market, prospective new boat owners can't afford to trade out of their existing boats
 
diligaf said:
Would you accept £150k on a boat that you were selling for £250k?

:rolleyes:
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I wouldn't even respond to an offer like that, it just shows that the buyer is not serious. A boat gt priced right will sell quickly for near asking price, no one gives boats away they sell them. Talking to brokers I know things are very good at the moment and a lot of boats are being sold.
 
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