Buy to rent is just as popular for boats

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THE province of Alicante is now only second to the Balearic Islands in the amount of boats available for rent.   Recently released figures show that the increase in one year for Alicante stands at 31 per cent taking the number available to 176.

More and more people are buying boats of all types as an investment and putting them in the hands of marketing companies. Such activity suffered a slump of between 60 and 70 per cent when the crisis struck the luxury end of the market.

Such is the interest in buy to rent in Alicante that it has surpassed Barcelona and is only behind the Balearic Islands that have 333 formally registered.  In Spain, it’s believed there is a total fleet of 1,200.

Twelve specialist rental companies now operate out of the marina in Alicante; only three years ago, there were just two and more of this type of business is opening up and down the Costa Blanca with Denia among the ports where it’s multiplied.

In the high season, it wouldn’t be uncommon to see a 12 metre sailboat rented out without a skipper for €550 a day.  A 30-metre motor yacht aimed at the exclusive VIP and business market could command upwards of €9,500 a day complete with a full crew and a cook in the galley.

Mooring costs for the summer range from €350 a month for an eight-metre boat increasing to €6,000 for a forty-metre luxury vessel.

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