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Home > Industry News > Edmiston Claim Superyacht market is on the way back.

Edmiston Claim Superyacht market is on the way back.

 

 

The European dealer sold five superyachts in five weeks for a total of £32m

 

European superyacht dealer Edmiston is claiming that the market has turned a corner after it kicked off the season with £32m worth of sales in five weeks.

 

This extraordinary boost to the industry was delivered by five particularly big-spending customers from the UK, Germany and the US.

 

QM of London and Sea Dweller are two vessels included in the deal, both with an asking price of more than £7m.

 

The brokerage has also reported a 15% year-on-year increase in summer charter bookings.

 

Nicholas Edmiston, company chairman, says: “It’s very encouraging to see buyers re-emerge from the likes of the UK, US and Germany, which used to be the strongest markets before the downturn which hit the global economy.

 

“Buyers are still seeking the right deals where they can, but they are clearly back to pursue what is the ultimate holiday – having your own yacht to be where you want when you want.”

 

Edmiston has European offices in London, Antibes and Monte Carlo.

 

 

 

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