There are a lot of UK built boats for sale.....here are the numbers!

Re: Don\'t worry, ...

Hi PY, I have to be honest and say my favourite of the whole range is the 52 but I also realise i`ll probably never be lucky enough to own one.
But the 39 is a boat I will be able to afford one day.
Then hopefully after a few seasons It will be traded in for a 43. /forums/images/graemlins/grin.gif

Cheers

Al.
 
Re: Don\'t worry, ...

hehe same here Alistair but dreaming and hard work go hands in hand, that is my motto
I was dreaming of owning a cruiser once and had that, then I dreamed of having a bigger one about 35 feet and also have that, now I dream of owning a 40 ft hardtop sports cruiser and that will be next hopefully, but I am very happy with the boat I just purchase so it will be some time now...
 
Eh? How exactly does the number of boats on the market tell you what prices are being achieved? Is this less or more than last year and how would you know anyway? Have you checked every website or just one? What about non internet ads?
Actually, a couple of brokers I have been speaking to recently are saying that there are less boats on the market now because the economic situation is making peeps think twice about trading up and they don't want to take a hit on their existing boat
I would agree that prices are down but the numbers you've given are not evidence of this
 
Mike,

I am going off basic supply and demand. I regularly check the majority of websites and have seen an increase in the number of boats for sale. This is not because of a lot of new boats on the market, but because a lot of older boats are not selling. You are right that the number of newer listings on brokers sites have reduced. However there is definitely an increase in people trying to sell privately.

So given there are more boats on the market, given they are boats not selling at asking prices leads me to understand that market forces will drive down the real 'paid prices' if someone wants/has to sell. Remember the boating market is no different to any other asset and is driven by the 3 D's, Death, Divorce and debt!

Not scientific proof, but a fair understanding.

Paul /forums/images/graemlins/cool.gif
 
Point taken, Paul, but the number of boats on the market at the moment does not in itself indicate that prices are decreasing because there are other factors involved too. Any boat priced in Sterling will be v attractive to Euro/Dollar buyers at the moment and that will tend to support Sterling prices. Also the fact that there is an increased number of boats on the market might simply indicate that owners are not accepting low offers and are holding out for a better one. For sure there are boats that are selling at distressed prices and those will be owned by peeps who are desperate to sell for one reason or another. Actually I've recently been talking to a well known broker about putting my boat on the market and he is adamant that not all boats are being sold for lower prices. What they are seeing is a bigger spread of prices. At one end there are desperate owners who will accept a low offer just to get out of their boats but at the other end there are still clean well presented popular models selling at close to asking price
 
The number of boats for sale is a pretty meaningless figure unless you have something to compare it with. What was this number this time last year and two years ago?

From what I can see, in the minds of the owners at least, most of the boats in our marina are for sale at any given time /forums/images/graemlins/smile.gif
 
Mike,

Same thing with the housing market and second hand car market. Those who do not have to sell won't. Others that do feel the full effect. To be honest I had not taken the FX movement into consideration as do a search in Europe based on Euros, and UK on Sterling.

You are right the spread is bigger than ever before. I can get a Cranchi Z34 1998 for anywhere (on asking price) from £69500-£96,500. That is the largest spread I have ever seen. Even taking FX out then it would be £69,500 to £85,000.

The market does not know where it is. My worry is that people who are struggling stop looking after their boats. Then in one years time we have a glut of poorly maintained boats. This reduces the number of good boats which holds up there prices even better. Not good if you want to buy!!

Only time will tell though.

I think a lot of Holiday boats (spots cruisers) in Spain (Costa del sol/Blanca, Mallorca and Ibiza) will see heavy drop in prices as sellers who over paid for property are forced to sell any assets. Quite a few Z34's and older Fairline Targas around at good prices....and maybe berth ownership will come affordable again!

Cheers

Paul /forums/images/graemlins/smile.gif
 
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....and maybe berth ownership will come affordable again! Paul /forums/images/graemlins/smile.gif

[/ QUOTE ]

now apart the struggling economy which I think in 2009 will start to push again, this is one of the real problems for the boating market, berths are costing to much for small boats IMO
 
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