Since the 2020 pandemic, the yacht market was busier than ever. But has it finally ended?
For anyone who’s been holding off buying, or selling a yacht things have shifted. “The reality is that the market is not how it was this time last year. We’ve reached a level of relative normality now. Today we are seeing a slower moving market, with more carefully thought-through sales and purchases,” explains broker Alex Grabau.
“Clients are expressing what they are looking for with a view to it coming on the market in the future, while sellers are taking their time – either holding off selling or coming to the market with a higher price and being prepared to wait a little longer to sell. Those holding onto boats are having an influence on pricing staying high.”
While the pace of buying a boat has slowed a bit and prices have not changed, they are still holding steady.
Viktor van Savooyen has noted that the number of first-time buyers in recent years, who often have less knowledge and experience, has increased. This is something he thinks is going to continue.
