TAKING OWNERSHIP

WILL BRUTON ON £1 MILLION YACHTS

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£1million is a lot of money to spend, but what does it buy you in today's market?

Just how much yacht you get for a million pounds (or euros) is a more complex question than it first appears. Over the past five years manufacturers have faced rising costs across the board, particularly in raw materials. At the same time, demand has continued to increase for larger yachts with more internal volume, with many buyers going bigger earlier on their yacht ownership journey. Where once seven figures was reserved for flagship models only, a surprising number of new higher spec cruisers now tip into that price bracket. Production builders like Hanse and Bavaria have managed to build large for under the £1m mark, largely due to the economies of scale they build at, but more luxurious and slower-built yachts are now firmly north of £1m over 50ft LOA. At the same time, the multihull sector continues to grow, with performance orientated models starting to carve their own market. Compounding all of this, the global economic climate has countered the post-Covid new build boom, making some of the best prospects above £1 million to be found on the used market. In many cases those £1m yachts that were bought in the boom, often lightly used, are those coming to market now.

ONE HULL OR TWO?

A million-or-more budget puts buyers firmly into the 50ft-plus, lightly used, quality monohull market, but it's also a figure where many start to consider more than one hull. Whether mono- or multihull, yachts at such a price point tend to be more complex, with most owners seeking at least some expert advice.