Greece is one of the ideal places to buy a used yacht. With its turquoise waters, countless islands and beaches, and rich maritime culture, this country is one of the world’s premier destinations for yachting enthusiasts.

Whether you’re drawn by the allure of warm sunshine or the promise of adventures among ancient ruins, Greece offers a dream setting for yacht ownership. Moreover, purchasing a used yacht in Greece can be a cost-effective way to enjoy the Mediterranean lifestyle – provided you do your homework. Below is a comprehensive guide to help you navigate the process of buying a used yacht in Greece, ensuring you make an informed decision that suits both your budget and your needs.

Cost-effectiveness: New yachts often carry a high price tag. Used yachts, on the other hand, can offer significant savings – especially if you find a well-maintained vessel with a proven track record. Lower upfront costs may enable you to afford a larger or better-equipped vessel than you could if buying new.

Variety of selection: Greece’s booming charter industry and strong yachting culture translate to a wide selection of used yachts on the market. From oldest classic yachts to today’s state-of-the-art yachts and catamarans, Greece is a hub where you can find vessels of all types, sizes, and price ranges.

Immediate availability: While purchasing a new vessel sometimes involves waiting months or even a year for delivery, used yachts are typically available for immediate transfer. This makes it easier to plan your yachting season – especially if you’re eager to start exploring Greek waters.

Prime yachting area: Buying a yacht in Greece means you can base your vessel in one of the world’s most popular yachting areas, with easy access to the Aegean, Ionian, and Dodecanese Islands and Crete Island. Not to mention the myriads of beaches awaiting you in mainland Greece.

Size and layout: Think about how many people you’ll typically have on board. Are you planning to host large gatherings, or is a smaller yacht more your style? Also consider storage space and cabin layout – particularly if you aim to use the yacht for extended cruising in Greece or living aboard.

Intended usage: If you want to use the yacht for casual cruising, what you need are a comfortable deck, sufficient cabins, and easy handling. For long-term living aboard, you should look for a yacht with ample storage, robust electrical systems, and a dependable engine. Finally, if you want your yacht for charter operations, you need a vessel with multiple cabins, reliable safety equipment, and the necessary certifications for chartering in Greek waters.

Budget constraints: Factor in more than just the purchase price. Maintenance, mooring fees, insurance, and registration costs can significantly influence your total expenses. A realistic budget ensures you don’t overspend and can properly care for your yacht in the long run.

Online listings: Numerous websites list used yachts for sale in Greece, featuring detailed specifications, photos, and seller contacts. While online platforms are a great start, keep in mind that pictures don’t always tell the full story – on-site inspections are crucial.

Broker services: Working with a yacht broker in Greece, like Thess Skafos Sailing, can simplify your search. Brokers often have access to listings not found online and can guide you through the negotiation and paperwork processes. Since brokers represent sellers (and collect a commission from them), choose a reputable broker that prioritizes transparency.

Boat shows and marinas: Attend Greek boat shows, such as those in Athens, or specialized events in marinas across the Ionian or Aegean islands. These events offer opportunities to see multiple yachts, talk to owners, and network with industry professionals.

Word of mouth: Greece’s yachting community is tight-knit, and networking can unearth hidden gems not advertised publicly. Talk to local marina managers, charter operators, and fellow yacht owners about potential leads.

Vessel inspection: A professional inspection is an essential step before buying a used yacht. A qualified surveyor will check the yacht’s structural integrity, mechanical and electrical systems, and safety equipment. The inspection report helps you assess the yacht’s true condition and value.

Engine and mechanical systems: Even a solid hull can hide mechanical woes. Have the engine inspected by a qualified mechanic to check for worn parts, oil leaks, and irregular engine noises. Ask for service records and pay special attention to the total number of engine hours logged.

Hull and deck condition: Look for cracks, blistering in fiberglass, or signs of impact damage. Deck delamination – commonly caused by water seepage – can be costly to repair. A moisture meter can help detect hidden issues in the hull and deck core.

Interior evaluation: Inspect the interior for mold or water damage (often noticeable around windows and hatches). Test onboard systems like plumbing, lighting, and electrical appliances. Make a note of any repairs or replacements needed to maintain comfort aboard.

Registration and documentation: Ensure the seller provides all necessary documentation, including proof of ownership, registration certificates, and the vessel’s history of maintenance or repairs. If the yacht is flagged outside of Greece, clarify the steps needed to change flags or keep it under a foreign registry.

Greek maritime regulations: Familiarize yourself with the local laws regarding yacht ownership, mooring fees, and safety equipment requirements. Non-EU buyers may also need additional permits or to consider temporary importation status.

VAT and taxes: Value Added Tax (VAT) implications can be complex, especially for yachts that have traveled through various EU countries. If the yacht is VAT-paid, ask to see the original invoices or proof of VAT payment. If not, you could be liable for additional costs when re-registering the yacht or operating it commercially in EU waters.

Insurance: Vessel insurance is a must for any yacht owner. Policies can vary widely in coverage – from liability only to comprehensive plans covering damage, theft, or accidents. Shop around for quotes that suit your vessel’s size, age, and usage pattern.

Buying a used yacht in Greece is an exciting venture that combines the romance of Mediterranean yachting with the practical benefits of owning a pre-owned vessel. From clarifying your budget and selecting the right vessel to carrying out inspections, paperwork, and ongoing maintenance, a little due diligence goes a long way toward ensuring a successful purchase.

With patience, research, and the support of experienced professionals – like us in Thess Skafos Sailing – you can find and buy a used yacht that matches your lifestyle, ready to whisk you away to dazzling Greek islands, crystal-clear waters, and unforgettable moments under the sun. If you’re ready to embark on this rewarding journey, we invite you to explore our listings, consult with us, and take the first step toward buying a used yacht in Greece, one of the most enchanting maritime regions on Earth.