Yacht prices

[jonic]

Jonic, What sizes and price brackets are predominantly selling from your experience?

Well I'm quite niche, so this reply is based on my sector, good high end cruising yachts around 40-45 feet circa £200-£250k selling to UK cash buyers are very busy, but really everything we have has strong interest at the moment.

 

[RJJ]

Plenty of reasons why demand is strong in lockdown world. Cruising your own sailboat as a holiday option is socially-isolated, doesn't depend on border crossings or public transport, doesn't need cleaning or catering staff etc.

As with demand to move to the country and/or buy a second home.

Compared to the sort of decent Mediterranean hotel or villa holidays, or charters, that middle-income families with interest in the water would typically take, owning a yacht looks relatively more attractive compared to last year.

I have this on authority of a surveyor and a broker. Market is buoyant (boom).

 

[LONG_KEELER]

The virus seems to have thrown up a number of things.

One being that we do not all live forever and that family , happier living, having fun and community spirit mean a lot more than the never ending search for consumer heaven. This may be a factor in the demand for things like boats.

Perhaps someone should tell them that they won't be able to afford anything else.

 

[Boathook]

It will be interesting to see what happens with boat sales next year. If people are jumping on the boat ownership I wonder how many appreciate the maintenance required to keep the boat in good condition and then it only requires a bad summer to really put people off.

 

[Deleted member 36384]

My generation, born around 1965 (or a bit earlier), are the last of the baby boomers. We are 55 this year, nearing retirement, more than a minority likely in a position where a career / business ownership has been lucrative, looking towards the future through Pandemic lenses, taking stock, using the opportunity to buy stuff off the late 1940's born baby boomers. Just a thought.

 

[jonic]

My generation, born around 1965 (or a bit earlier), are the last of the baby boomers. We are 55 this year, nearing retirement, more than a minority likely in a position where a career / business ownership has been lucrative, looking towards the future through Pandemic lenses, taking stock, using the opportunity to buy stuff off the late 1940's born baby boomers. Just a thought.

And that is exactly the demographic coming to see me at the moment (it's also me too)

 

[Halo]

During lockdown many people have noticed just how much money was being blown on eating out , cofffees, pubs, weekend trips, holidays , fashion clothing etc and have found bank balances growing despite less income. I suspect this has made yachts look more affordable.