Is the Superyacht Market in Limbo
I believe the superyacht charter and brokerage market has settled into a perpetual state of limbo. Buyers, Sellers, and Yacht brokers alike are watching the mess which the ‘credit crunch ’is causing to the Financial Markets and waiting to see what this effect has on the second hand yacht market and shipyard orders.
The Sellers that have been actively marketing their yachts over this winter with their brokers have generally found a buyer. The 50m + market has been very active and most of the brokerage stock has been sold to date. The 35 – 50m sales have been slower but when yachts have been priced to sell, generally they have found a willing buyer. The under 35m market has been slow and stock is starting to build up.
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