I've just received an interesting e-mail from a reliable journalist pal in New Caledonia
. He reports that there are a considerable number of European yotties there who have altered their circumnavigation
plans, and now intend to sell their yachts in either Oz or New Zealand
. Over the past few years we've encountered a few who had these plans, but this seems to be a step increase in the "selling fraction". One wonders what this will do to the market in those countries.
I thought that those of you considering foreign purchase
might be interested in the situation.