As we approach the end of 2014, Camper & Nicholsons International takes a look back at the past year and reflects on its brokerage activity.
Another year comes to an end and a new one begins lined with optimism. Here at Camper & Nicholsons we have certainly seen a major upturn since the difficult period following the global financial crisis. We were already witnessing this last year when the US market started to bounce back and we hoped that the rest of the market place would follow suit – which it has. We are still far from the boom business levels of 2007 and 2008, but the gap between the volume of activity, if not value, is certainly getting smaller year on year.
Throughout 2014 we have seen the number of superyachts available to purchase gradually declining and supply is beginning to level out. After five years of brokerage when sellers’ expectations were higher than buyers’ appetites, it seems that a balance between the two has been reached. The global economy is proving solid, and the US markets are performing well. There is currently no longer a fear of a second major financial meltdown, though the predicted growth in China and other markets has not been as fast as expected. Instead we are looking at a steady growth over the next few years, and if financing improves then perhaps a faster growth. However, in terms of volumes and values, it is quite apparent that volumes may increase but value is still invariably down. There are more buyers in the market than in 2009, but they are looking for fair prices and a fair value on quality products.
The expertise of a good broker is therefore essential during 2015 to reap the best from the market, and Camper & Nichosons’ brokerage team have an excellent understanding of the industry and its activity. Supported by a highly experienced team and with all the latest tools and a selection of the best yachts in the fleet, Camper & Nicholsons’ brokers continue to exceed clients expectations, determined to find the best deals the market has to offer.
For more information on the yachting industry or for brokerage expertise, please contact one of Camper & Nicholsons' sales brokers.