Vistra's expert Marina Gall looks at options for superyacht
registration.
Despite the weak economic climate, demand from wealthy
individuals and company executives for yachts and the services
associated with running and maintaining these assets remains
strong.
After a difficult couple of years in 2009 and 2010, there is
firm evidence emerging of a recovery in the luxury yacht markets,
buttressed by a newly emerging class of wealthy individuals in
emerging economies like Brazil and China. According to Boat
International, 264 superyachts were sold in 2011, 29% more than in
2010, with total asking prices reaching USD2.6bn last year.
Statistics routinely announced by the main offshore marine
registries showing yearly growth in the registration of yachts and
other pleasure craft also suggest that this is a business on the
up.
