#BuyingABoat - The head of a UK yacht brokers association has urged those thinking of buying a boat in 2014 to beware as prices tumble in Britain's second hand market.
As Jane Gentry - CEO of the Yacht Brokers Designers and Surveyors Association (YBDSA) - tells Sail-World, pressure to make quick deals and grab bargains has turned the used boat market in the UK "into a ticking time-bomb".
Lack of understanding of the requisite legal processes for transferring boat ownership - essential paperwork handled for a small fee by yacht brokers - will mean "the marine industry is going to have all kind of problems with undocumented boats", says Gentry, who adds that the many vessels already on the market that lack a proper paper trail make the sector "a legal minefield for future buyers and sellers".
Sail-World has much more on the story HERE.
