Camper & Nicholsons contemplates market activity so far this year and discusses 2015's Q1 brokerage figures.
At the close of the first quarter of 2015, the early indications are that the year is holding consistent with 2014's performance, particularly in the brokerage sector. At Camper & Nicholsons we have had a significant number of deals closing during the first quarter. Brokers report that the market has been highly competitive and that they are seeing increased interest from buyers. Good quality, low-priced yachts are not having any trouble selling as buyers are keen to take realistic opportunities they consider a good deal. A moving market, with plenty of yachts currently under offer, has created a real feeling of confidence throughout the industry for the rest of the year ahead.
The first quarter of 2015 saw 93 yachts sold, comprising 85 motor yachts and 8 sailing yachts. The largest yacht sold was a 61-metre motor yacht. Eight of the yachts sold were in the 50-metre+ size range, all of which were motor yachts. 33 were in the 24m-30m size range, split 30/3 motor to sailing yacht, and 38 in the 30m-40m size range, split 34/4 motor to sailing yacht. The final 14 were in the 40m-50m size range, split 13/1 motor to sailing yacht. Comparing these statistics to the same period during the previous years we can see that 2014's first quarter saw 116 yachts sold, 2013's first quarter saw 84 yachts sold, the first quarter of 2012 saw 69 yachts sold and the first quarter of 2011 saw 80 yachts sold.