How to Plan a Private Yacht Vacation in the Bahamas
A step-by-step guide to planning a customized Bahamas yacht vacation — from menus and itineraries to water toys and crew. Ideal for first-time charter guests.
The yachting industry has seen a wild past couple of years, with 2021 proving to be a record year. A major part of this is an increased appetite for yachting and increasing inflation which has created all-time highs not only in the yachting market but in the equities and real estate market. Now, with the rise of interest rates and a shifting economic environment, the yachting market is likely transitioning to a buyer’s market. With the macro-economic environment we currently have today, the US Dollar is on a tear, with the US Dollar Index (DXY) in a strong uptrend, over 16% in the last year. The DXY is essentially a measure of the value of the USD relative to a basket of foreign currencies. This means that the euro has lost value relative to the USD, going from $1.22 a year ago, to $1.04 at the time of writing. This is due to many factors, including the Federal Reserve moving aggressively to tame inflation, stagflation concerns all over the world, and a potential energy crisis in Europe due to the war in Ukraine. All of this means that the euro will likely reach parity with the USD, something that has only been done once in 2002.
With this downtrend in the euro, and money flowing into the USD, prices in euros are at multi-decade lows, as now is the perfect time to vacation in Europe, or purchase any goods that are priced in euros. This unique market presents an opportunity to buy luxury items at a discount, and European yachts are no exception. For example, a €10M yacht was worth $12.2M nearly a year ago and now is worth roughly $10.4M. Worth Avenue Yachts has a wide selection of luxury yachts available for purchase in euros. Below you can find featured European yachts for sale, which represent excellent opportunities for purchase in today’s market. If you have any questions or are interested in purchasing a yacht, contact our dedicated team of yacht brokers, they are proven experts in finding the perfect yacht for every individual taste. Send us a message here and we will get back to you straight away or, call any one of our yacht brokerage offices.
