Fraser Yachts Reports
“The phrase that’s been used time and time again throughout 2010 is ‘cautiously optimistic’ and that prediction has certainly been borne out in the luxury yacht industry. The static market in 2009 was a difficult period for pretty much everyone connected to the large yacht market. Buyers, sellers, builders, owners, captains and service providers all suffered from the lack of activity in the market.” says Hein Velema, CEO of Fraser.
He continues: “Thankfully 2010 saw a slow but marked improvement and long may it continue. We send you our greetings this holiday season and wish you all the very best for a healthy and happy 2011.”
Fraser Yachts’ latest newsletter further states: “As we near the end of 2010 we can thankfully confirm that the last 12 months saw a notable rise in brokerage sales compared to 2009. This has been a good year for the brokerage market following a dismal period through ’08 and ’09 where the second-hand market for yachts over 30m literally ground to a halt. Latterly, the brokerage market has mainly been active in Europe, Russia and the Middle East while the US market has stayed slow. Prices are generally still as low as they were one year ago and we don’t expect any significant global price recovery before the American market recovers. Buyers in the States seem to be waiting to see the consequences of the new balance in political power. The early indications are that in spring 2011 prices might well start to head up again.”