People don’t rush out and buy super-yachts when economic crises hit, which is probably why the market for pleasure cruisers has fallen into a big hole.
Take the 164ft Alibella (pictured), it used to be worth €33m (about £30m), now it’s a snip at just €24.5m. Clearly, people just can’t justify these little luxuries.
According to this article, there are a lot of boats out there with low price tags but no interest from rich punters. Next year will be a tough one for this niche market.
