Make like the A-lis­ters

Where to berth your yacht – at a lower price

The Daily Telegraph - Property - - Front Page -

It’s not sur­pris­ing that we is­land dwellers love sail­ing – around 600,000 Bri­tons en­joy mess­ing around in boats. What bet­ter way to es­cape the strains and stresses of ev­ery­day life than by jump­ing aboard and head­ing for the sun-dap­pled cruis­ing wa­ters of south­ern Europe? As the Mediter­ranean yacht­ing sea­son warms up, com­pet­i­tive types can now find re­gat­tas tak­ing place nearly ev­ery day. Boats are also great places from which to join the party at events from the Monaco Grand Prix to the Cannes Film Fes­ti­val, both com­ing to an end this week­end.

Many boat own­ers want to keep their craft close to their hol­i­day home to al­low for easy es­capes through­out the sea­son. But with the Med of­fer­ing such a di­ver­sity of sail­ing ar­eas, how do you choose?

Un­less you are among the ranks of the super-rich, then steer clear of the most pres­ti­gious mari­nas, sug­gests Robert Green, man­ag­ing di­rec­tor of Sphere Es­tates. “Own­ing a yacht can be an ex­pen­sive hobby. A great deal of the ex­pense comes down to where it’s moored,” he says. “Es­tab­lished and gl­itzy mari­nas such as Monaco, St Tropez and Mar­bella com­mand pre­mium prices, so some buy­ers will look for more af­ford­able al­ter­na­tives. There is, how­ever, a short­age of mari­nas through­out Europe and quite of­ten own­ers will moor their yacht half an hour away from their home.”

Peter Mur­ray Kerr of the berthfind­ing por­tal moor­ingspot.com agrees. “There’s over­whelm­ing de­mand for berths in the south of France and Monaco, and some peo­ple are start­ing to look at other ar­eas – Spain, where tax­a­tion for yachts is lower, or the Adri­atic coast, where you won’t face such long wait­ing lists.”

So where does Green sug­gest? “Porto Cervo in Sar­dinia (Ma­rina dell’Orso Poltu Qu­atu) and Théoulesur-Mer to the west of Cannes in the south of France (Port La Galère) are worth con­sid­er­ing,” he says. Both are small mari­nas (the lat­ter takes 170 boats up to 52ft in length). Tim Swan­nie of buy­ing agency Home Hunts also picks out Théoule: “You can get an apart­ment on a gated es­tate for €350,000 (£302,570), or a fourbed­room villa with a sea view in need of ren­o­va­tion for €1.3mil­lion.”

‘A great deal of ex­pense is due to where the yacht’s moored’

In fash­ion­able St Tropez it’s near im­pos­si­ble to get a moor­ing, says Emma Hors­ley of French agency Leggett. “An owner of a Port de St Tropez prop­erty re­cently sold his berth be­fore his house,” she says.

Boat own­ers look in­stead to nearby Port Gri­maud (a Vene­tian-style canal vil­lage of­fer­ing 1,100 moor­ings) or Marines de Co­golin (a res­i­den­tial ma­rina with 1,600 berths) where you can get a space for a 82ft-long boat for €45,000 un­til the end of 2017 through moor­ingspot.com. There’s also a two-bed­room apart­ment nearby, in the pretty Provençal-style Port Co­golin vil­lage for €490,000 with Leggett.

Yachties who like the re­as­sur­ance of see­ing their boat from their home are be­ing tar­geted by new res­i­den­tial mari­nas. In Por­topic­colo, north of Tri­este in Italy’s Fri­uli-Venezia Gi­u­lia, own­ers of the 434 pri­vate res­i­dences on the five-star ho­tel de­vel­op­ment will get pri­or­ity on leas­ing one of the 121 moor­ings. They cost from €3,500 per year (plus 22 per cent VAT), ris­ing to €22,000 for a 79ft berth.

Twenty of the cur­rent own­ers, who are mainly Ital­ians, al­ready have a boat im­me­di­ately out­side their home, and 50 more can glimpse their craft from their hill­side ter­race or borgo town­house. Prop­er­ties start at €440,000 for a one-bed­room flat, and reach €4mil­lion for the pent­house (por­topic­colo sis­tiana.it).

Croa­tia’s Dal­ma­tian Coast is yacht­ing heaven – with dis­tances per­fect for is­land hop­ping. To the south, Porto Mon­tene­gro in Boka Bay has been a suc­cess with wealthy yacht own­ers, with 450 berths avail­able on long-term leases and 200 pri­vate prop­er­ties sold since its launch in 2009. New onebed­room prop­er­ties are for sale from €409,000 (por­tomon­tene­gro. com). Other lo­ca­tions in the eastern Med of­fer rel­a­tive bar­gains to the old stal­warts fur­ther west. Cyprus is one, with its bank­ing cri­sis be­hind it and a resur­gent prop­erty mar­ket draw­ing yacht­ing types who might have pre­vi­ously headed to Turkey and Le­banon, ac­cord­ing to Stavros Cara­mon­da­nis, the boss of Ayia Napa’s new ma­rina de­vel­op­ment. The lively re­sort in the south-west of the is­land is at­tempt­ing to be­come more up­mar­ket with this €220mil­lion project. “Around a third of prop­erty pur­chasers so far are boat own­ers at­tracted by the year­round sun­shine that ex­tends the boat­ing sea­son, plus the lower cost of keep­ing a boat in Cyprus than in coun­tries like France or Italy,” he says. “The dry stack [ver­ti­cal stor­age sys­tem] will be the first in the eastern Mediter­ranean,” he adds. Prop­er­ties in two twist­ing tow­ers cur­rently start from €740,000 for a two-bed­room apart­ment, al­though more one-bed­room units will be re­leased next year, with com­ple­tion in 2021. The 600-berth ma­rina will open in 2019.

Also on the south coast at Li­mas­sol Ma­rina, with its 1,000 berths, is a 66ft yacht moor­ing, which costs €22,500 per an­num. Prop­er­ties on this mixed-use de­vel­op­ment have been sold to 27 na­tion­al­i­ties and there’s a 50/50 split be­tween lo­cals and for­eign­ers leas­ing berths. The ma­rina has just re­leased its fi­nal phase of prop­er­ties, 61 one- to four-bed­room Cas­tle Res­i­dences on a pri­vate is­land, with prices from €1.45mil­lion (li­mas­sol­ma­rina.com). There are also plans for two new large mari­nas in Cyprus, at La­n­arca and Paphos.

Tourism in the Balearic Is­lands has also gained from in­sta­bil­ity else­where. In Mal­lorca’s 47 ports and mari­nas there was a 50 per cent in­crease in su­pery­achts in the sum­mer of 2016, ac­cord­ing to the Balearic Nau­ti­cal As­so­ci­a­tion. Last month’s Palma Boat Show saw 10 per cent more vis­i­tors; plenty of peo­ple went shop­ping for a new su­pery­acht, but what about a turnkey apart­ment nearby? Agency En­gel & Völk­ers has a three-bed­room town­house with spec­tac­u­lar roof ter­race over­look­ing Palma’s port for €1.49mil­lion, but if that’s out of your price range, a two-bed­room apart­ment with har­bour views in nearby Santa Ponsa is €395,000 (en­gelvoelk­ers.com).

If you save on the prop­erty and moor­ing, you could spend more on the boat it­self. “We have a hand­ful of clients who have asked us to de­sign their prop­erty in­te­ri­ors to match their yacht, or vice versa,” says Si­mon Tom­lin­son of Winch De­sign. “One cou­ple asked us to match the din­ing and liv­ing ar­eas of their six-bed­room villa in Sar­dinia with their [190ft] yacht. Ob­vi­ously with the boat we re­duced the weight [with ve­neers of mar­ble not solid stone], re­duced sharp edges, and we re­mod­elled house rooms to repli­cate the cabin sizes.” At a cost of up to €5mil­lion, this re­ally is push­ing the boat out.

Cannes spot­light: ac­tress and model Olga Kurylenko on the Lady Jer­sey Yacht, above; Elle Fan­ning and Nicole Kid­man at the film fes­ti­val, in­set

All at sea: a two-bed­room flat in Li­mas­sol Ma­rina, main, from €2.15m; Villa Cassedda in Sar­dinia, left, is €7.4m with Sphere Es­tates

Water­front: a house in Spain’s Em­puriabrava Ma­rina is €2.995m with Lu­cas Fox

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