INTERVIEW WITH AN EXPERT : Pleasure and Business - Investing in a luxury yacht

Pablo Pantiga, CEO and founder of the Independent Yachts Group S.L, explains the last trends in the world of yachts and super yachts in Mallorca.

INTERVIEW WITH AN EXPERT : Pleasure and Business - Investing in a luxury yacht

The 25th edition of the Palma International Boat Show is over, during which more than 300 yachts were presented in the harbour of Palma and almost 80 of them were super yachts.

Pablo Pantiga, CEO and founder of the Independent Yachts Group S.L, explains the last trends in the world of yachts and super yachts in Mallorca.

 

 

Which are the latest news in the world of super yachts?

The latest news in the section of long yachts (super yachts) is, that although there are variating nautical rules being applied all over Europe, it is however possible to charter super yachts in Spain. Super yachts can be rented legally in Spain this summer 2018, if they comply to various conditions demanded by the authorities. Many years ago, that was not possible.

 

What advantages does Mallorca offer as a location for yachts?

The Balearic Islands with Mallorca and Ibiza ahead, are leaders in the world of navigation every summer. Most of the clients who are renting luxury yachts, feel the need to visit our islands. For simple reasons: great climate, spectacular mooring, incredible facilities, incomparable villages and people.

 

There is not sufficient mooring in Mallorca and generally all over the world. What can be done about it?

Indeed, the problem to find mooring in Mallorca as well as in other ports of the world is increasing and worrying. The solution depends on the authorities, who are aware of the problem and are willing to allow for more of the coastline to be used, always bearing in mind sustainability, balance and respect for the environment. More space would also reduce the cost of mooring. Another solution could be dry marinas, a format promoted and defended by the Independence Yachts Group to relieve the strain on mooring in the sea and to maintain in a balanced and sustained way the location and the layover of the yachts, be it motor or sailing yacht.

 

Which regions are trendy to sail in?

Our lucky islands are the most demanded and requested ones each summer for endless reasons. The visit of any yacht or, especially, of super yachts to our islands in summer is almost an obligation and near enough compulsory. There are only a few places with such a diversity and service as our islands. We can compete easily with a part of the French coast.

 

Investing in a superyacht: how does that work and where is it worthwhile investing?

To invest in a yacht means investing in pleasure and happiness. It means investing in a unique and different concept. It means inverting in a unique experience, which can only be experienced on board of a boat.

There are different ways and systems to invest in a yacht, so that you can enjoy it and at the same time make it profitable by renting or letting it for charter. At the Independence Yachts Group we provide advice so, that they can use their yacht and at the same time we take care of renting it out to minimize the costs for our clients. We advise regarding the investment, legal matters, more convenient flagging, moorage, crew, etc.

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