World Monitor Magazine WM_5 | Page 29

Yacht purchase FREEDOM – STATUS - PRESTIGE The freedom to go onboard whenever and wherever you want is an experience that even the very best hotels in the world cannot rival. A captain and crew who know your exact tastes and preferences make the entire sensory experience more personal, unique, exciting and more dynamic. Yacht ownership is a lifestyle done your way on your terms.The sheer freedom and delicious abandonment that exists onboard a yacht is second to none. Deciding to buy a yacht should not be looked at as a financial decision, but as a lifestyle choice. There are buyers that will know exactly what type of yacht they wish to obtain, and it is just a matter of finding it. Potential and first time buyers would certainly benefit from our guidance to refine their search; i.e. motor yacht or sailing yacht, new or used, modern or classic, length, hull construction and so on. When buying a yacht already on the water, the process to finalize ownership, takes around four to eight weeks. The market offers some great deals and the latest is the 46M Baglietto, built in 2015 with only 585 cruising hours and an interior décor in fine woods, neutral fabrics and silk carpets that accommodates up to 10 Guests in five suites. There is also the option to build a yacht. New built enables you to create a yacht that is bespoke to you, to bring to life your vision. A build project takes approximately three years or more to complete. Occasionally you may find new built projects, in their final stage of construction available for sale, enabling the new Owner to customize the last details onboard such as interior decoration materials. A present example is the 48M Baglietto ready to be delivered to a new Owner in summer 2018. Yacht Finance is an option that many buyers are looking into. As general rule financing is for yachts over 45 meters, where a bank would normally look at financing up to 70% of the open market value of the yacht. Our team is here to assist you with every aspect of your yacht purchase process, to consider your needs and effectively negotiate and optimize the whole closing process. AméliePanagakos. M-BLUEYACHTS Sales & Charter Management Member of MYBA, Member of the MYBA Eastern Mediterranean Liaison Committee, Member of the MYBA Social Committee, Member of the Greek Yachting Association www.m-blueyachts.com supported by EUROBAK 27