Cruisers Forum
 


Join CruisersForum Today

Reply
 
Thread Tools Rate Thread Display Modes
Old 30-09-2013, 10:29   #1
Registered User
 
MBLittle's Avatar

Join Date: Apr 2013
Location: St Thomas, USVI
Posts: 542
Yachtworld and Greece

Seems like 80% of boats listed on YW these days are in Greece (and Croatia). The result of crashing markets, fed up cruisers, scam artists or a combination of all?

Thoughts?
__________________
MBLittle is offline   Reply With Quote
Old 02-10-2013, 12:14   #2
Registered User

Join Date: Sep 2013
Location: New York, USA
Posts: 30
Re: Yachtworld and Greece

Quote:
Originally Posted by MBLittle View Post
Seems like 80% of boats listed on YW these days are in Greece (and Croatia). The result of crashing markets, fed up cruisers, scam artists or a combination of all?

Thoughts?
Well both places have excess of boats. You won't find any fed-up cruisers I can tell you that much.

In Greece you have a very tense political situation, skyrocketing debt and unemployment, so people are trying to turn assets into liquidity. They have an extremely bureaucratic system, buying boats there is a very slow process that puts off lots of potential buyers. But if waiting a month to take your boat out of Greek waters doesn't bother you, all is well. Then again, spending a month in Greek waters is a blessing in itself.

Croatia is a great charter destination with excellent location opening up to the Adriatic, Ionian, Med and etc. In the past 3-4 years everyone tried to cash in on it that has caused a build-up of inventory and not enough customers. So like any other bubble, it has to burst at some point.

Btw, Turkey has some great offers too.
__________________
de0xyrib0se is offline   Reply With Quote
Old 02-10-2013, 15:49   #3
Registered User
 
MBLittle's Avatar

Join Date: Apr 2013
Location: St Thomas, USVI
Posts: 542
Quote:
Originally Posted by de0xyrib0se View Post
Well both places have excess of boats. You won't find any fed-up cruisers I can tell you that much. In Greece you have a very tense political situation, skyrocketing debt and unemployment, so people are trying to turn assets into liquidity. They have an extremely bureaucratic system, buying boats there is a very slow process that puts off lots of potential buyers. But if waiting a month to take your boat out of Greek waters doesn't bother you, all is well. Then again, spending a month in Greek waters is a blessing in itself. Croatia is a great charter destination with excellent location opening up to the Adriatic, Ionian, Med and etc. In the past 3-4 years everyone tried to cash in on it that has caused a build-up of inventory and not enough customers. So like any other bubble, it has to burst at some point. Btw, Turkey has some great offers too.
They do seem to be an abundance of ex-charter yachts. Prices aren't really all that competitive either. At least considering Florida and the Caribbean.
__________________
MBLittle is offline   Reply With Quote
Reply

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off




Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 03:21.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.