Oceanstyle by Burgess has reported strong sales for 2012 with 19 yachts sold during the year – an 11.7% increase on the previous year.
These 19 yachts equate to over 453 metres of yachts sold in 2012, with the largest being the 48m Oceanfast motor yacht, Australis.
OceanStyle by Burgess Director, Richard Lambert, says, 'We saw good activity in the first quarter of 2012 and continued to see a fair degree of market movement throughout the year, with an upturn in the last quarter, despite quite a slow summer period. While the level of enquiries remained relatively strong throughout the year, it has been difficult to manage the expectations of buyers and sellers and keep the transaction moving forward, partly due to the cautious nature of buyers in the current economic climate.
'We also saw moves towards a more conservative, fuel efficient and longer range style of motor yacht. There are still difficult times ahead and while the downward pressure on pricing will continue into 2013 and the market will still be very price driven, we have seen some stabilisation, especially in the American markets where we are seeing a positive upward trend.' he explains.