Friday, 3 February 2017
Looking for a Yacht or Boat?
Buying boats is a complex business, but with the right advice you won’t be left all at sea.
Purchasing your first yacht, or upgrading to your next one, is a significant investment decision. And while the perks of a yacht owning lifestyle are many, it is important to understand and deal with any challenges involved.
The first thing you’ll need to consider is finance. What is your budget? You need to set a budget that is realistic for both your aspirations and your pocket. Take into account buying costs and depreciation. Most people understand that once you have driven a new car off the forecourt, the vehicle becomes immediately second hand and loses value. The same principle applies to purchasing a new yacht. Although the depreciation won’t necessarily be as dramatic as with a new car, it is certainly a factor that needs to be considered.
With finance secured, then comes the second challenge – finding the yacht that works for you and your budget! The yacht market is a truly global one and you could find yourself working with buyers and sellers all over the world in what is often a fast moving environment.
Your search will also need to be informed by questions about how you intend to use your yacht. This will determine the specifics you need – everything from engine power, to space and size, to what finishes you would like to see in terms of upholstering and on-board facilities!
So, how to navigate these choppy waters and find the yacht that’s right for you?
Yacht sellers have for a long time employed agents to help them achieve the best possible price for the vendor. Increasingly, buyers are taking the same approach. You need a professional on your side. A well informed and well connected agent can save you time and uncertainty, as well as potentially saving you tens of thousands of pounds (or more) in up-front costs.
At Go Earth we support your aspirations to yacht ownership with a bespoke service that begins with answering your initial questions with a free – no obligation – consultation, through the whole process including arranging transport of your yacht to your chosen marina. Our expert team scans the market to identify the right product for you, including a wide-range of non-advertised yachts, and can provide advice on finance, surveys and basic seamanship. In particular, we can act as your negotiation agent in the all important procurement and purchase process.
So, don't set sail until you've spoken to Go Earth, and ensure that your yacht investment is watertight, and gives you years of pleasure and luxury!
For more information about Go Earth and its extraordinary services visit https://www.boatsearch.earth/ . To arrange an interview or comment from Martin Berman, Director, please contact Liam Thompson at firstname.lastname@example.org or on +44 (0) 20 3290 6001, or via .
For Go Earth sales enquiries, please register your interest here >> http://bit.ly/2kntRVq
Writing Credit: Liam Thompson, Sierra Kilo PR & Millionaire Lifestyle Magazine, Feb 17
Saturday, 19 November 2016
A commentary from Rick Nicholls, Managing Director, Bastien Jack Group Ltd, UK property developer.
In short, we have opportunity.
Initial shock at the prospect of leaving the EU sent the markets into decline, but have they not reacted pretty much as anticipated? Never letting a crisis go without opportunity, selling high to force a low, and then buy back? Since then there has been some indication stability is returning to the markets though GBP to USD and Euro are still trading lower. This is a good thing for UK exports, making them more competitive, assisting those companies that rely on export markets to grow. The UK vote for Brexit probably doesn't mean that the housing market in the UK is about collapse either. While some uncertainty in the short term may reduce house price growth, for the longer-term property investor, this could be a good opportunity for investing.
The foreign property investor has a boost in value-for-money
In the 24 hours after the Brexit vote, the value of sterling fell on foreign exchange markets. Not by as much as predicted but by around 6% against the euro and 8% against the dollar. As I'm writing this, the pound is now worth €1.11. This fall means the European property investor has more sterling to spend.
Demand for property, specifically in London from foreign investors is still likely to increase, interest has been high from China and Asia as their currency exchange has automatically allowed them a discount on current prices. This though is likely to bea short window of opportunity as we see markets recover from the initial shock.
Domestic demand will remain strong
Demand from home buyers and renters probably won't collapse either.
There is concern that demand for housing will fall in London and the UK. However, parliamentary research produced for the 2015 Parliament put demand at between 232,000 to 300,000 new housing units per year through to 2020. Demand for new homes is exceeding supply by around 150,000 every year. This demand, fed by the number of new households created each year, is unlikely to fall below the level of supply.
Immigration will probably remain strong
One of the main negotiations the UK and EU will have to discuss is the free movement of people. Despite the ‘Leave' campaign suggesting a limit to immigration, we now understand there needs to be movement but objective negotiations will have take place. This will form a significant part of the negotiations to leave the EU.
Outside the EU, the Prime Minister's current visit to India has the subject of immigration firmly on the agenda for a post Brexit trade deal.
Fundamentals of the UK Property Market
The uncertainty of the exact outcome of Brexit may cause the property investor a little nervousness, but the fundamentals for UK property remain strong.
In terms of capital growth, there are a number of comparable data choices but the Real House price tracker provides more meaningful guide to house prices and has been adjusted for the effects of inflation over the same period. Results confirm the increases in house prices have risen faster than inflation, and includes the last recession where the fall can be seen as a correction when compared to the overall property performance.
There has been widespread comment as to the likely effects on house prices, with falls of between 5% and 10% for areas outside London, though little evidence can be found to support this so far.
The BTL investor has also seen positive movements since 2001 with the size of private renters beginning to grow again.
Annual rent rises too have accelerated in recent years and these are not limited to London. Bristol and Brighton both enjoyed increases, averaging circa 18% in 2015 compared to the previous year. The insurer Homelet reported similar rises in the North (Newcastle upon Tyne and Edinburgh) with around 16% over the previous year. Ultimately the increases are attributable to what's happening in their specific area and will be influenced by strong fundamentals. Perhaps Hull can expect some positive growth when it is crowned City of Culture?
Rents in London have continued to rise with greater pace than other areas in the UK but have slowed since 2014, therefore a narrowing of the rent inflation gap between London and the rest of the UK.
Even with the recent policy change for buy-to-let investors paying additional stamp duty, more people have turned to BTL investments perhaps as an alternative to low interest rates, bolstered with the knowledge the pace of house building has not kept up with demand therefore sustaining their investment. At the time of the referendum result, there was speculation the base rate would reduce from 0.5% to 0.25% which did take place in August. The Bank of England indicated they would consider reducing further if the economy worsened, which so far has not been the case. It was also confirmed at the time, they also would add money to support confidence and restrict banks freezing liquidity, if not this would probably cause a further credit crunch and restrict mortgage finance. The governor of the Bank of England, Mark Carney, confirmed the reserve of £250bn can be made available if required.
Carney further commented the substantial capital held and large liquidity gives banks the flexibility to continue to lend to businesses and individuals even during challenging times. This suggests provision and safeguards are in place to maintain current lending to suit demand.
Since the referendum, the markets have rallied well and only recently fallen as investors are perhaps concerned that central banks around the globe are easing up on the monetary policies given the uncertainty of the US election result.
In the UK, mortgage approvals by the main banks increased in September after a 19-month low in August. They were lower than the year before but speaking with our local agents, they suggest it's down to a lack of supply of new build property rather than purchasing confidence.
There are four main areas for focus as we get to grips with the prospect of the UK outside the EU.
1) Calm - we have some indication this is already with us; the markets do seem to have calmed. This is probably due to all the positions the markets took on ‘Remain' have now well and truly played out. It's not over yet though, the volatility is set to continue until Article 50 has been triggered and a new directional plan from the government for the UK to leave is known.
2) Change - Nothing ever stays the same, what works for today may not be right for tomorrow. A pertinent example is Kodak, they tried to ignore new technology hoping it would go away by itself on the basis of it being too expensive, too slow, too complicated etc. It wasn't and their market changed irreversibly in a relatively short period of time, moving from wet film to digital technology.
3) Opportunity - Leaving the EU does provide opportunity. With price correction, there is opportunity to procure better land deals than prior to the referendum, as there may be fewer developers with available funding. Contractors had full order books and build costs had become very high prior to the referendum. We are aware some development contracts have been cancelled as a result of Brexit. Therefore, there might be more opportunity to reduce build costs as price elasticity plays out. The current volatility will ease. The fact the UK has to build more houses to meet demand won't change.