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Yacht Market size Ups in Georgia

64c24f5d81743
BMG Staff
27.07.23 15:03
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Along with the growth of the number of wealthy people in the world, the demand for yachts is also increasing. Demand exceeded supply and innovative yacht producers’ number increased in accordance. Ramses Yachts is the yacht dealer in Georgia, which has been selling sailing vessels in the country for several years. Its director Giorgi Chikvaidze tells BMG that since 2017 his company has sold 16 yachts in Georgia. As for prices, the cost of yachts starts from 180,000 euros and reaches several million.

"Today, 16 yachts have been sold domestically, and this number is only for Georgian citizens ... the demand has not fallen compared to last year, interest has grown significantly. Prices for sailing vessels varies from EUR 180,000 to over EUR 1, 500, 000," said Chikvaidze.

The demand and interest in yachts and day cruises in Georgia is quite high, so the company decided to introduce different brands to local customers.

For the new season we have added Cranchi brand, an Italian brand with 150 years of history, until now we have been presented exclusively as dealers of Azimut Benetti, which has not allowed us to have other brands. However, there were changes, and the main part of the shares of Azimut Benetti with 52% Arab investments was sold. Based on this, we received permission to bring alternative brands that match our market in terms of size and price. That is why we introduced the Italian brand, and with great success, 3 sailing vessels are already in the port of Batumi," Giorgi Chikvaidze told BMG.

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