Med Used Boat Prices

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Good afternoon. I am aware this is potentially a question with no correct answer but............. I have always been told that generally a boat will achieve a higher sale price in the UK than it will in the Med. What are peoples experiences of boat prices in relation to location?
 
Good afternoon. I am aware this is potentially a question with no correct answer but............. I have always been told that generally a boat will achieve a higher sale price in the UK than it will in the Med. What are peoples experiences of boat prices in relation to location?

Might depend on which market segment your boat falls into.

There is a half decent Princess 415 for sale in Barcelona....Offers on Thirty Three Thousand sterling and it has got the big engine option,6 K to get back.
Essex Boats have what is basically a tragic mess P415 for sale at 55K,just reduced from high sixties.
Lots of excellent value UK built boats in France/Italy/Portugal/Spain.
Princess Thirty five 45k Euros
Princess Three Eighty 59K Euros
Tales of folks buying down there and shipping back on the increase.
Uk prices may be higher but many are not moving in this price bracket without substantial price adjustments.
 
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Yes thank you Cheery I am aware of Yacht World! :D The issue with it is, as far as I am aware, you can not tell how long a boat has been listed for sale and quite often what a broker suggests listing a boat for is more to do with what they think you want to hear than the price the boat will actually achieve. I was hoping to hear from anyone with first hand experiences.
 
There was a thread the other day regarding surveys on boats that had had sales fall through. The gist was if you ask the broker a direct question, in that instance 'has this vessel failed a survey previously' the broker is bound to answer the question truthfully. So ask the broker how long the boat has been on the market for. As Med boats are better specced and the Euro is on the floor now is the time to strike for a bargain. Italy was directly mentioned as well.
 
Suspect it will have lot to do with the number of similar boats on the UK market at the moment.There are number of owners with larger Sealines on the forum who know doubt will be able to comment on this market segment with actual selling as opposed to asking prices.
Would think the boat would also need to go to an area where it is most likely to attract a buyer at that price bracket ie. if a sports model perhaps the Solent as opposed to The Thames,although the Thames appears to host a suprising amount of high powered sports craft.
Essex Boats normally have a range of Sealines to gauge current selling prices.
 
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I have recently bought a boat in Italy delivered last W/E last November .
Completed -ie cash in € bank France end of Sept on sale of my "old" boat -listed for 3 weeks -Sunseeker.Fr sold it to a German guy who sent a truck 3 days after his survey ( funds cleared) .
I studied the other like/like boats prices , listened to the broker re silly unrealistic asking price and at the time pitched mine 2nd from the bottom out of a dozen for sale -wham bam sold -end of .
The broker before I listed mine showed me the same modal sunseeker listed for over 2 years and unsold -owner would not budge on price . It was approx 40 % more than I sold mine for in less than 1 month .
So armed with € and an emply mooring I started e-mailing " prospects" mainly in Italy ,some in Greece .
Short listed about 3 -4 Itama 42/48 ,and 46' s Pershing 40 something's ,Otam,45 ,magnums ,.
As mentioned above "interigated" broker (s) even asked for more pics etc all by e -mail .
Haggling was kinda a reverse of what you would think -I nailed it down to 2 both Itama,s.One near Athens t,other in Naples .Greek broker reduced he price by 40 % and sent pics of it just being antifouled / service -Sept .
The Naples Broker said ( I phoned him ) " if you come to view this boat you can have it for € xyz -no less "
Xyz was approx 1/2 the listed price ( listed in June -then was end of Sept ) .
Next W/E i was ( with a burley mate ) picked up from the airport -taken to the marina --bombing round in an Itama off the coast of Naples -wined and dined -deal refined -and done .
Italy is currently in my view the place to go to buy boats
Buying process is surprisingly easy from a Vat and BoS point because like UK cars with V5 -Italien owned boats have a reg doc .
On the Del trip 800 miles Naples /Cannes we were stopped by " guardia finanza " out side Roma and the paperwork the broker sent us off with stacked up.
€ /£ has since strengthen making IT and other EU boats seem even cheaper .
Remember it's the cost to change -difference that drives the deal .
Start Internet dialog ing with " prospects" then direct phone calls with the broker ,build up a rapport
Agree price before viewing -so,s not to waste time .
Hope this helps
 
Good afternoon. I am aware this is potentially a question with no correct answer but............. I have always been told that generally a boat will achieve a higher sale price in the UK than it will in the Med. What are peoples experiences of boat prices in relation to location?

by and large that seems true - there are some absolute bargains in the med at the moment, however listed prices in the UK are just a starting point so if you are selling hope for the best and get the boat as good as it can be, if you are buying look everywhere and get a quote for shipping to UK. better yet keep it in the med.
 
I have always been told that generally a boat will achieve a higher sale price in the UK than it will in the Med. What are peoples experiences of boat prices in relation to location?
If you think about it that can't really be true over the long term otherwise nobody would buy a used boat in the UK! Yes there was a period in the late 90's when Sterling was riding high against the Euro and there were some bargains to be had in Europe and a similar thing seems to be happening now as Sterling is stronger again (although nowhere near as strong as it was in the late 90's) and of course Europe is in an economic mess. I think the other factor is that British built boats sell best in Britain and Med built boats sell best in the Med simply because British brands are more recognised in the UK and vice versa some Med brands are better known in the Med. So it would be easier to sell a Sealine in the UK than Europe and easier to sell an Italian brand like Ferretti in the Med rather than the UK
 
If you think about it that can't really be true over the long term otherwise nobody would buy a used boat in the UK!

I disagree. The market is far from efficient, and there are lots of factors that discourage people from buying overseas, hence the difference is sustainable in my view. Information, cost of going to view, transfer costs, shipping, legal protection, etc. Buying a boat is a big investment for most, and UK buyers in particular prefer the low risk, low effort approach at what they perceive to be the right price for the UK market, not the Euro market. In turn, that means there are opportunities for those making the effort and accepting more risk. If only the stock market was so!
 
I disagree. The market is far from efficient, and there are lots of factors that discourage people from buying overseas, hence the difference is sustainable in my view. Information, cost of going to view, transfer costs, shipping, legal protection, etc. Buying a boat is a big investment for most, and UK buyers in particular prefer the low risk, low effort approach at what they perceive to be the right price for the UK market, not the Euro market. In turn, that means there are opportunities for those making the effort and accepting more risk. If only the stock market was so!
Yup maybe some buyers prefer to buy in the UK to minimise their perceived risk but many don't including some on this forum. I myself bought 2 boats abroad and imported them into the UK in the late '90s and since I've been boating in the Med all 4 of the boats we've had out there have been purchased there. Buying abroad need not be risky providing you follow some basic rules. In any case, your proposition works both ways. For every UK buyer who doesn't want to buy a boat from the Med, there is a Med based buyer who doesn't want to buy from the UK so actually there is no basic economic reason why the 2 markets should have different prices. I go back to what I said about British brands. No question that British brands like Princess/Fairline/Sealine are more attractive to British buyers than Med buyers so those brands are likely to sell better on the UK market than the Med market which may well cause price discrepancies. But, by the same token, there are Med brands which wouldn't sell in the UK; I would have to give away my Ferretti to sell it in the UK even though Ferretti is a well recognised brand in the Med
 
Agree that there are some real bargains to be had in the Med but be aware that the sun can play havoc with gel coat, furnishings and woodwork so the condition of Med boats is sometimes worse than a UK equivalent.
 
In any case, your proposition works both ways. For every UK buyer who doesn't want to buy a boat from the Med, there is a Med based buyer who doesn't want to buy from the UK so actually there is no basic economic reason why the 2 markets should have different prices.

my impression is (no facts) that the UK market is a bit more "conservative" or "sustaineable" as EugeneR puts it, meaning, that normal predictive rules of depreciation count more in your country than in the med.
IMO in the med there are more crazy rich people who impulsively buy a boat, and then sell it for silly money
also when I read regular questions on this forum from Brit. people who consider buying in the med, I believe there is a certain discomfort or insecurity. (despite some exceptions like you Mike, Myself and Portofino fe) but yes even Brit people gradually start looking and buying more global :-)
then I think there is much more competition in the med than in UK, very few med people are looking to buy a boat in UK imo
and finally in some med country's such as Ital and Spain, not only the economy suffered hard, on top of that there came extra charges or taxes for boat owners,
all this are reasons that used boat prices in the med are or could be much cheaper than in UK at the moment,
oh yes and then there is the euro currency but thats only recently

all imho
 
The recession in Europe is a little behind our own. As a result there are some real bargains to be had in the med right now. We have very recently sold and delivered a truly very good condition San Lorenzo 70 for well under 200k (Euros!) - now at today's exchange rates that is one hell of a boat for not a lot of money.
Currently nearly all of our deals are being done with our Med based partner as that is where the deals are to be found.
Asking prices are just that, I know of one boat on the market where the owners will accept 70% of their advertised price but try and get them to advertise it at anything close to their final price is a nightmare. So my advice is to befriend the broker and tell them what you want and how much you have to spend, if they do their job right they will inform you of what is available to look at and consider........well we would anyway!

Just seeen Barts post after I added mine - all relevant observations Bart:encouragement:
 
A very slight thread drift, why would anyone use the EBY/BCU European boat buying thing? Great idea to help with the buying, negotiation etc but why would I want to pay 10% on top?! Am I missing something?
 
I've got the bug to change boats, and it also looks to me that boats in all the Med countries, and also France as a whole, are less than the UK.
Just as an example, Beneteau Antares 980 is one we quite like for a change that I've been looking at.

Examples of UK prices - 2005 £80k, 2007 £85k, 2009 £95k.
Examples of French prices - 2004 £55k, 2005 £59k, 2006 £59k, 2007 £67k, 2008 £69k, 2009 £67k.

So even at this price point, £20k, or 20-25%, a typical gap in asking price. There are of course exceptions with a couple looking nearer to UK prices, and just one model of boat.

Now there could be legitimate reasons for the differences, i.e. condition and history, but I somehow doubt that the UK boats are universally better... possibly French prices low due to there being a lot for sale. Of these boats, those that are for sale north of La Rochelle of particular interest to me as could be brought home by sea, but that's a topic for a different thread!
 
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A very slight thread drift, why would anyone use the EBY/BCU European boat buying thing? Great idea to help with the buying, negotiation etc but why would I want to pay 10% on top?! Am I missing something?

Don't know about that? Have you got a link to details. I might actually have a use for IT but I'd factor the cost into the price. If you are buying in the med many brokers charge the buyer 5% as well so it's expebsive but if you need a marine mortgage it might be worth it

Edit - found details. Pricey but may be useful in certain circumstances
 
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Don't know about that? Have you got a link to details. I might actually have a use for IT but I'd factor the cost into the price. If you are buying in the med many brokers charge the buyer 5% as well so it's expebsive but if you need a marine mortgage it might be worth it

Edit - found details. Pricey but may be useful in certain circumstances

Never come across this additional 5% cost myself. It sounds as if they are simply being , shall we say, a little opportunistic with the buyer!
Find another broker or talk to me.
 
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