Bangkok--4 May--Engel & Volkers
- Engel & V?lkers publishes international ranking for the first time
- Frontrunner is the Marina Grande on Capri
The three most expensive marinas in the world are all located inItaly. This is one of the findings to emerge from a ranking list compiled by Engel & V?lkers.
Since the company expanded its range of services at the end of 2007 to include the brokerage of top-class yachts, the globally operational real estate company has also turned its attentions to the supply of attractive marinas. Based on this market knowledge, Engel & V?lkers has now produced a league table for the first time ranking the 15 most expensive marinas in the world. The mooring fees charged for a 55-metre super yacht during the high season was the variable used to form the basis for the ranking list, which is headed by the Marina Grande onCapri. Renting a berth for a 55-metre super yacht here costs 2.585 Euros per day during the high season. This is followed by Porto Cervo on Sardinia with daily rates of 2.574 Euros, then the Marina di Portofino on the Amalfi coast with rates amounting to 2.100 Euros.
Berths for super yachts are a scarce good
In addition to the location and services that a marina has to offer, there is one pricing factor that has a particularly strong impact on the high fees. I?igo Nicholson, License Partner ofEngel & V?lkers Yachting Madrid and Marbella, regards a scarce supply of berths as being the most significant price driver: “Yacht berths in exclusive locations are an extremely rare and highly sought-after commodity. In a similar way to real estate, high demand for a very limited number of spaces leads to a soaring inflation of prices.” The industry specialist is not surprised therefore that Capri makes the top spot of the ranking list of the highest priced moorings for ‘floating homes’. After all, the hilly isle off the Amalfi coast only has ten yacht berths available that are large enough to accommodate the super yachts listed by Engel &
V?lkers.
Just behind the Italian frontrunners, in fourth place on the ranking list, is Puerto Jos? Banus inMarbella on the Costa del Sol, where yacht owners pay 2.069 Euros per day. In fifth place, at1.643 Euros per day, is the Balearic marina of Ibiza Magna. In comparison with Capri, yacht owners only pay around half of the daily mooring fee (1.356 Euros) in France’s most expensive marina — Port de Saint-Tropez, which comes in sixth place. This is no indication that the exclusive holiday domicile on the C?te d’Azur is any less popular. But Port de Saint-Tropez does offer no less than 30 yacht moorings in the size category surveyed by Engel &V?lkers. Seventh place is occupied by the marina Port Camille Rayon in Golfe Juan, also located in the south of France. In the small coastal resort between Antibes and Cannes, owners of a 55-metre super yacht can expect to pay 1.100 Euros per day. In Barcelona, the equivalent rate is slightly lower in price, costing 1.084 Euros per day at the Marina Port Vell in the Spanish city.
Croatia more expensive than MonacoMarinas in Eastern Europe offer yacht berths at significantly cheaper rates compared to theItalian leaders in the ranking list. The ACI Marina in the Croatian resort of Split comes in ninth place at a rate of 1.001 Euros per day. It is followed in tenth place by the only marina located outside Europe to make the list: The Yacht Haven Grande on the island of St.
Thomas, US Virgin Islands, where owners pay a daily mooring fee of 889 Euros. PortHercules in Monaco holds eleventh place at 888 Euros, closely followed by two Turkish marinas: Satur Marina Kalami? in Istanbul with a daily rate of 882 Euros and Satur Marina?e?me in Izmir at 743 Euros per day. The Italian Porto San Rocco on the Adriatic coast comes in fourteenth place at 720 Euros per day, while Port de la Plaisance de Bonifacio onCorsica rounds off the ‘list of the best’ compiled by Engel & V?lkers, coming in fifteenth place with a daily rate of 690 Euros.
“Many yacht owners are surprised that Capri is more expensive than Porto Cervo and that
Puerto Banus charges higher prices than Monaco,” says Harry Peralta, Managing Director at
Engel & V?lkers Marbella. “Having the right budget is not enough though for anyone wishing to moor their yacht in these scarce berths during the high season. Most importantly, they also need to have booked months in advance,” adds Mr. Peralta, reflecting the advice he gives clients. Mr. Peralta also explains how prices for the few available berths can fluctuate greatly, depending on the size of the yacht and on seasonal events. During the annual Monaco
Grand Prix in Monte Carlo for instance, mooring fees soar to unprecedented highs of several thousand Euros. In addition, not all large yachts fit into every marina. Super yachts that are more than 70 meters in length, for example, usually have to weigh anchor off the coast.
New tailwind for the yachting market
Alongside mooring fees, the high maintenance costs for a super yacht form other particular key criteria for consideration. In addition to the berth rate, owners also have to budget for maintenance, repair work and crew expenses. Yachting experts estimate the annual “ancillary” costs of a yacht as being 10 to 20 percent of the procurement costs. As a result, the numbers that make up the wealthy client base for super yachts are very limited. There is certainly active movement on the market, as super yachts rarely stay in the same hands for longer than a few years. The financial crisis did cause a slump in market activity within the yachting industry for a short period. But since the beginning of this year, the international market is undergoing renewed growth and is once again on a success course thanks to a steadily rising level of demand.
Captions:
1.) The mooring fees charged for a 55-metre super yacht during the high season was the variable used by Engel & V?lkers to form the basis for the ranking list. Marina berths for super yachts with a length upwards of 50 meters, like here Azteca II, are an extremely rare and highly sought-after commodity.
Ranking list of the most expensive marina berths in the world*
Source: Engel & V?lkers, May 2011
Place MarinaLocation Price per day
1 Marina Grande Capri Capri, Italy 2.585 Euros
2 Porto Cervo Sardinia Sardinia, Italy 2.574 Euros
3 Marina di Portofino Portofino, Italy 2.100 Euros
4 Puerto Jos? Banus Marbella Marbella, Spain 2.069 Euros
5 Ibiza Magna Ibiza Ibiza, Spain 1.643 Euros
6 Port de Saint-Tropez Saint - Tropez, France 1.356 Euros
7 Port Camille Rayon Golfe Juan Golfe Juan, France 1.100 Euros
Place MarinaLocation Price per day
8 Marina Port Vell Barcelona Barcelona, Spain 1.084 Euros
9 ACI Marina Split Split, Croatia 1.001 Euros
10 Yacht Haven Grande St.Thomas St. Thomas, US Virgin Islands 889 Euros
11 Port Hercules Monte Carlo Monte Carlo, Monaco 888 Euros
12 Setur Marina Kalami?Istanbul Istanbul, Turkey 882 Euros
13 Setur Marina ?e?me Izmir Izmir, Turkey 743 Euros
14 Porto San Rocco San Rocco, Italy 720 Euros
15 Port de la Plaisance Bonifacio Corsica Corsica,France 690 Euros