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Tuesday, November 24, 2009

Will the bonus boom buoy the super yacht market ?

Boat International Brokerage Editor Malcolm MacLean reported several recent sales with key players like Camper & Nicholson, YPI, Burgess, Fraser Yacht and Edmiston.

The Wealth Bulletin reported that "A wave of around £6bn ($9.9) in bonuses expected to be distributed to City financiers in spring will support London's prime property market in areas such as Chelsea and Kensington, although the mainstream market is expected to continue to decline."

However, a Savill representative said that "The question is whether bonuses will be paid enough in cash versus equity".

What wil be the effect on the super yacht market ?

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