What was once seen as a pastime for the privileged, Yacht ownership has over the last decade or more become a much more commoditized and even, egalitarian, pursuit. With yachts now available at £50,000 second hand, the dream of being able to sail away and live a life on the open waters is much more attainable than ever before.
A large part of this is down to the development of boat materials; fiberglass construction has made the process cheaper, whilst the used boat market is at an all time high. The second hand yacht market has grown and manufacturers are getting a taste for new business opportunities at the same time.
But when it comes to buying a yacht, not many people know what it involves or what is expected from the buyers side. Here is a quick guide to the purchase process, and what you can expect if you are looking at going after your very own luxury yacht!
Research and select
One of the biggest ways to avoid heartache is to use a broker. Professional broker services from companies like Princess Yachts do a lot of the research and selection process for you. You can view the choices …