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How Brexit Made It a Great Time to Buy a Yacht

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LONDON - JANUARY 05: A visitor walks around the deck of the largest British built 37 metre yacht, The Snapper, at the Boat Show on January 5, 2007 in London. The Boat show runs for ten days and has over 1000 boats on display. (Photo by Peter Macdiarmid/Getty Images)
A visitor walks around the deck of the British built 37-meter yacht, The Snapper, at the Boat Show in London. (Peter Macdiarmid/Getty Images)

 

One of the few certainties in the post-Brexit United Kingdom: It’s a good time for everyone to travel there and shop. The pound’s plummet has made goods more affordable for those using other currencies and the more expensive the item, the greater the savings.

The result is an unexpected boon for British luxury goods, including yachts. Suddenly they’re available for hundreds of thousands—or even millions—of dollars less than they were just a month ago. (Not that yachts were ever exactly affordable: The most elaborate superyachts can cost over $1 billion, with yearly operating costs that can run another $20 million to $30 million.)

To learn more about this abrupt change in the market, click here.

 

LONDON - JANUARY 05: The largest British built 37 metre tri-deck yacht, The Snapper, is moored at the quayside next to the ExCel exhibition centre at the Boat Show on January 5, 2007 in London. The Boat show runs for ten days and has over 1000 boats on display. (Photo by Peter Macdiarmid/Getty Images)
The 37-meter tri-deck yacht, The Snapper, moored at the Boat Show in London. (Photo by Peter Macdiarmid/Getty Images)