| Yachting has always been a favourite past time | | | | As long as you can afford your musts easily, then it |
| among the rich, but if you want to take it up, how | | | | will be easier to find something you will be happy |
| do you know what you should be looking for, and | | | | with. Also, when buying your yacht, bear in mind that |
| with consideration to the current market. There are | | | | they tend to have significant maintenance and |
| many opportunities for those who can afford to buy | | | | operational costs, such as crew, fuel and general |
| a yacht at present, especially if they have enough | | | | upkeep, so you need to ensure that you can |
| knowledge to find a real bargain. | | | | comfortably afford these. |
| Yachts are a means to travel around the world in | | | | Luckily, with the world in the state that it is, you can |
| luxury with nearly all the comforts of home. | | | | get more value for your money. For example, the US |
| Depending on how your financial status, you can | | | | has experienced an 80% drop in buyers with a |
| choose to buy a new or used yacht. An interior | | | | corresponding increase in sellers. Yacht agents have |
| designer can be called in to make it feel as luxurious | | | | been forced to sell the yachts of desperate owners |
| as a hotel, and with all the opportunities that yachting | | | | at ridiculous prices. A recent example is that of a |
| affords you will never get bored. Some of the | | | | yacht being sold by a private owner, which was |
| accessories that you can add to your yacht include | | | | originally listed at $1 million but which is now going for |
| safety boats, Jacuzzi's and helipads. Yachts can be as | | | | $599 000. New yacht sales are even worse. |
| big as 500 feet in length and 5 decks tall, which gives | | | | This is becoming a trend as more and more people |
| you enough room to entertain a number of guests in | | | | are unable to afford their yachts. In addition, those |
| style. | | | | who still have money to spare are standing on the |
| Before you buy a yacht, it's important to conduct | | | | sidelines to see what transpires in the coming months |
| some research on the different types of yachts and | | | | before making any big purchases. In fact, the |
| specs available. As a yacht is one of the biggest | | | | majority of sales are occurring in the mid-price range, |
| purchases you are likely to make in your lifetime, it's | | | | with many buyers looking for yachts priced up to |
| important that you get it right. For example, yachts | | | | $250,000. |
| can be made of a variety of materials, such as steel, | | | | No one is quite sure where the yacht market is |
| wood and even Ferro-cement, each of which has its | | | | headed. However, for investors or those sitting on |
| own pros and cons. | | | | some cash, buying a yacht may prove to be a wise |
| One should generally go into the market with a clear | | | | investment, if you know what you're doing. |
| idea of what is a must and what is a "nice to have." | | | | |