Despite the political uncertainty of an impending US election and the UK’s surprise decision to leave the EU, the brokerage market has thus far managed to match the strong level of sales posted in the first half of 2015.
A grand total of 184 yachts were sold between January to June 2016, which is only marginally down on the 189 sold during the same period in 2015. Notable sales include the 75 metre Peene-Werft Leander G (pictured above).
Toby Maclaurin, director of sales and marketing at Ocean Independence, said: “The values of brokerage yachts sold so far this year is comparable to 2015. In terms of volume of sales in a six-month period, our first half has been disappointing in comparison, but the second half is starting to look like it will be more promising.”
Joe Foggia, sales broker at Northrop & Johnson, offered a US perspective on the market: “Overall, it has been a robust 2016. The first quarter was substantially down from the first quarter of 2015. However, in the second quarter as the political situation became more defined, we saw many more sales. By the end July, I believe we may be ahead of same time in 2015.”
Karagulle added: “There is a quiet confidence in the market with the most sought-after pre-owned yachts holding their value well and fewer significant price reductions being entertained. The US, China and other non-EU countries are currently leading the charge.”