The fall in the pound has provided a substantial boost to ultra-luxury boat sales, according to Britain’s superyacht industry.
The sector is embracing post-Brexit buyer behaviour, after figures released by British Marine and Superyacht UK show revenue rose 11.5 per cent to £605 million in 2015/16. This increase marks the industry’s fourth consecutive year of growth.
Demand from overseas buyers hasdramatically increased, as buyers look to take advantage of the pound’s post-Brexit drop, from regions such as the US and Asia.
“With market dynamics strong, the superyacht sector is expected to continue to post positive revenue growth over the next 12 months,” said Peter Brown, Superyacht UK chairman and salesman.
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