Subsidies Shake Up Greece's Leisure Boat Market
Greece's leisure boat market is experiencing significant distortions. Boats purchased in recent years through European-funded support programs are now entering the secondhand market in large numbers, creating downward pressure on prices for used vessels and influencing the cost of new builds-especially those produced by local shipyards. Industry experts say this wave of subsidized sales has effectively split the market into two tiers: vessels acquired with private funds and those financed, at least in part, by public money through EU-backed programs. The disparity in acquisition costs has begun to show in resale values, causing pricing inconsistencies and affecting overall asset valuations across the sector. The subsidy initiative, part of Greece's deployment of EU structural funds, aimed to strengthen the country's tourism sector by offering financial support for the purchase of professional leisure craft. The program came with...
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