R Flybridge Motor Cruisers Selling??

[maltabob1]

Whilst we all recognise 'market forces' dictate prices, are 40' Cruisers moving? We have a Princess 360 (1995) out in Malta, very low hours, v.good condition and flexible on price, but things appear SLOW?
What experience do others have?

 

[Who]

I looked at these when we were buying our boat last year.

To me it always seemed most were overpriced by a long way i.e. well over £100k. There are a lot of other boats to consider when spending that sort of money.

 

[DAKA]

Whilst we all recognise 'market forces' dictate prices, are 40' Cruisers moving? We have a Princess 360 (1995) out in Malta, very low hours, v.good condition and flexible on price, but things appear SLOW?
What experience do others have?

Hi Bob,
I didnt realize you were for sale, if you put a link in to your advert I am sure the forum will have a nose and lend advice as to what to add/delete that may be putting some off, I think your engines may be at the lower end of power which may not help ?
On a positive note the enhanced Euro value must make it easy for you to discount 20% and not really loose anything in real terms.

 

[Deleted User YDKXO]

Whilst we all recognise 'market forces' dictate prices, are 40' Cruisers moving? We have a Princess 360 (1995) out in Malta, very low hours, v.good condition and flexible on price, but things appear SLOW?
What experience do others have?

Yes the midrange flybridge market, particularly in the Med is v slow and has been for many months. I've been trying to sell my Ferretti 46 for some time and although I've had offers, none have resulted in a sale. There are a few chancers around who seem to make offers on various boats sight unseen and then disappear. I am actively considering a p/x with a dealer at the moment for another boat.
You have a British boat. One thing you could consider and I know it will cost you some money, is to ship the boat back to the UK because, being British, your boat should sell better in the UK. If you could get the boat to SoF, you should be able to truck it back to the UK on a return load basis relatively cheaply. It worked for me a few years ago. I was selling a Fairline based in SoF. It didn't sell for months and eventually, I trucked it back to the UK from where it sold almost immediately. Just an idea but could be worth thinking about

 

[Nautorius]

Whilst we all recognise 'market forces' dictate prices, are 40' Cruisers moving? We have a Princess 360 (1995) out in Malta, very low hours, v.good condition and flexible on price, but things appear SLOW?
What experience do others have?

Market for all boats in the 30-50ft range is slow in the Med at the moment. Flybridges sold well at the start of last year, though most got sent to Northern Europe. Since then Flybridges seem to be hanging around.

The only ones selling are top quality at the right price. If yours is the one on Ebay I think it is very overpriced at the moment. You can pick up a Jeanneau 36 Prestige from 2001 for about £100k at the moment. I would think that yours would need to be at around £95k to attract interest. £115k in present market will scare off people. I think the P360 is a great boat, but it is 15 years old. Also Malta does not seem to be the best place to sell a boat (given the length of time most adverts last) . Get it to the mainland (France or Spain) and you may have more luck.

I would also try and get it advertised in Northern Europe at the Sterling Price as they may find her a bit of a bargain!

Good luck

Paul

 

[Nautibusiness]

They are selling when priced sensibly.
But, as has been pointed out, mainland Europe is slow.

Most boats of this type that we are selling from the UK are going back to Europe so try and get yours to the UK, price it a little more sensibly (if yours is the one that has been mentioned) and she'll sell fairly quickly... probably straight back to the Med!

Tom

 

[Sneds]

I'm sure anything will sell if it is priced correctly for the buyer ;-)

Are you buying another boat Bob?

 

[MYAG]

I thought things in the E. Med would be slow too, so I decided to put my Man 50 up for sale in December to give me 15 months before the replacement was due to be delivered. Had 3 viewers in 6 weeks and one of them bought the boat. Not ideal as it has left me without for 2010 season, but couldnt refuse a buyer in this market.

I bought the boat new from the factory in 2006 and paid in Pounds but sold it in Euros in the E. Med at asking price, overall it was a very satisfactory deal for both parties. I agree with Sneddon, if its priced right, it will sell. In my case the exchange rate took care of that.