Activity levels are extremely healthy at the moment, with high enquiry rates and lots of yacht viewings. We are showing more yachts internationally than at this time in 2022. Insights for this month:
August has been unusually busy with yacht listings in all areas, but for motor yachts this has been particularly busy.
There is very good engagement with clients who are planning to visit boat shows, particularly the Cannes Yachting Festival, where we have clients travelling from all 4 offices outside France to view yachts. Many of them are also taking the opportunity to then travel to view brokerage yachts with us.
Production new yachts are being discounted by manufacturers heavily, particularly in the smaller motor yacht sector.
Prices are levelling out at 2019 levels for recent and good condition yachts.
Yachts over 60’, particularly those that are mature in years, are having to be discounted to find new owners.