How to Buy a Yacht in Greece in 2025A clear, practical guide for buyers entering the European used-yacht market

The Ionian has become one of the most active second-hand yacht markets in Europe. From Preveza to Lefkada, Cleopatra Marina to Nidri, hundreds of boats change hands every year. But the 2025 market is very different from the fast, inflated prices seen during the post-COVID boom. Today’s buyers are more cautious, better informed, and more focused on long-term running costs and documentation.

If you’re considering purchasing a yacht in Greece this year, here is a simple, practical guide to help you navigate the process confidently.

1. Understand Market Conditions Before You Start

The European used-boat market in 2025 is slower and more competitive.• Asking prices are often higher than true market value.• Boats can sit unsold for months, even when well maintained.• Buyers now have more leverage to negotiate.

Knowing this helps you approach each listing with realistic expectations.

2. Prioritise Documentation and Legal Status

In Greece, paperwork is everything. Before you fall in love with a boat, check:• VAT status (Paid / Not Paid / Exempt).• Builder’s certificate and correct HIN.• CE certification if the boat is post-1998.• Registration and ownership documents.• Transit Log validity (for non-EU vessels).• Charter history, if any.

A well-documented vessel is always a safer purchase.

3. Inspect the Boat in Person

Photos can hide a lot. When viewing:• Look carefully for signs of leaks around windows and hatches.• Check for blistering or unusual hull repairs.• Inspect the bilges thoroughly for water or oil.• Assess the overall standard of maintenance—not just cleanliness.• Check sail condition, rigging age, and engine hours honestly.

Boats used in the Mediterranean often suffer UV-related wear, so rigging and upholstery need closer inspection.

4. Use a Professional Marine Surveyor

A full condition survey is essential, not optional. This should include:• Hull below waterline• Keel and rudder• Deck structure• Engine and systems• Standing and running rigging• Skin fittings and plumbing• Electrical installations• Safety equipment

In Greece, haul-out fees are usually paid by the buyer during survey. A professional report protects you legally and financially.

5. Know the True Cost of Ownership

Owning a yacht in Greece is rewarding—but not cheap.Typical costs include:• Marina or yard fees (expect €2,000–€4,000+ annually).• Maintenance and antifouling.• Engine servicing and rigging replacement.• Greek cruising taxes (TEPAI).• Insurance.

A boat priced cheaply may still require immediate investment if maintenance has been deferred.

6. Choose the Right Yacht for Your Purpose

Mediterranean sailing often requires:• Good shade (bimini, sprayhood, deck awnings).• Strong anchoring gear (windlass, chain, reliable primary anchor).• Effective ventilation.• Bow thruster for tight marinas.• Reliable engine and easy access to parts.

Charter boats can be good value, but pay close attention to wear and systems fatigue from heavy use.

7. Be Honest About Your Sailing Plans

Your intended use changes everything:• Liveaboard? Look for better tankage, solar, upgraded electrics, and storage.• Island cruising? Prioritise shade, reliability, and simple systems.• Long-distance cruising? Choose better build quality and structural integrity over size.• Occasional seasonal use? Seek low ongoing maintenance and easy winter storage.

Your lifestyle matters more than the length of the boat.

8. Factor in Timing and Seasonal Cycles

Buying between October and March can create strong negotiation opportunities, as sellers face winter bills.Peak buying season is April to July.If you find “the one,” move quickly—many European buyers travel to Greece for the right boat.

9. Don’t Rush the Sea Trial

A proper sea trial should confirm:• Engine temperature stability• Gearbox engagement• Steering response• Sails, furlers, and winches• Vibration or alignment issues• Electronics under load

This is your chance to verify real-world performance, not just yard condition.

10. Negotiate Smartly

In today’s market:• Offers 5–15% below asking price are common.• Survey findings often justify further reductions.• Boats with poor documentation should be discounted significantly.• Cash buyers and flexible completion dates have more leverage.

The best deals go to organised, well-prepared buyers.

Final Thoughts

Buying a yacht in Greece in 2025 can be one of the most rewarding decisions you make—both financially and lifestyle-wise. But the market has changed. A slower, more cautious environment means that well-informed buyers have a real advantage.