Archive for August, 2015

Stop dreaming, DO IT NOW!

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Have you ever dreamed of owning a luxury motor yacht but weren’t sure you would use it enough to justify the on-going expenses?

Through Saveene Yacht Ownership programs you can own a luxury motor yacht, while we provide you a hassle-free ownership experience and generate income for you from the weeks the boat is chartered.

Expand your current investment portfolio to include ‘Lifestyle Investing’ through yacht ownership…get the best of both worlds by generating financial returns from investing in an activity you are passionate about – yachts!

Saveene Group is in a pre-launch mode. We are taking fractional yacht ownership orders for the 2016 season . Our prices are the lowest in the industry for fractional yacht ownership bar none!

 

dream big

Under the Saveene Program, Fractional ownership is perfect for yacht owners who want the yachting experience with no hassles and no waste of their hard earned capital. We have owners in the Saveene Program who own 10% of a yacht through to 70%. Many purchase 10% of a yacht for their personal use and another 10% for business use including entertaining, corporate retreats, chartering, and hosting clients. Virtually all of our owners could afford to purchase the entire yacht outright, but do not want the waste that comes with letting a major asset sit idle in port and the hassle of management. The most common misconception about fractional ownership is that it is a timeshare by another name. This is a mistake. With timeshare arrangements, you do not own a share in a property, merely the right to use that property for a set period of time. When your time runs out, you are left with nothing. With fractional ownership, you own the asset and receive a deeded title reflecting your ownership. If you desire, you can transfer or sell your asset whenever you want.

Perfect Fractional Ownership With Saveene

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Fractional ownership splits the cost of purchasing the asset and managing the asset across a set of owners. Because an independent professional handles management, the fractional owners are free to enjoy themselves and be removed from the management responsibilities. Each owner is free to use his/her share of the asset according to the terms of the purchase. Saveene applied the fractional ownership concept to luxury yachts because most yacht owners only use their yacht several weeks a year and the costs to acquire and maintain a yacht are immense.

Under the Saveene Program, Fractional ownership is perfect for yacht owners who want the yachting experience with no hassles and no waste of their hard earned capital. We have owners in the Saveene Program who own 10% of a yacht through to 70%. Many purchase 10% of a yacht for their personal use and another 10% for business use including entertaining, corporate retreats, chartering, and hosting clients. Virtually all of our owners could afford to purchase the entire yacht outright, but do not want the waste that comes with letting a major asset sit idle in port and the hassle of management. The most common misconception about fractional ownership is that it is a timeshare by another name. This is a mistake. With timeshare arrangements, you do not own a share in a property, merely the right to use that property for a set period of time. When your time runs out, you are left with nothing. With fractional ownership, you own the asset and receive a deeded title reflecting your ownership. If you desire, you can transfer or sell your asset whenever you want.

 

 

Whole vs Fractional Ownership

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Whole ownership
You pay – whether you use it or not.
The average use of a recreation
property only 34 days, leaving you
with the burden of paying for a home
you’re not using for most of the year.
Maintenance Required
You are solely responsible for all
maintenance indoors and outdoors,
which often means there’s a lot
of work to be done before your
vacation can begin.
Costly
Being responsible for all the costs
means you have less disposable
income to enjoy the other things
in life that are important to you.
NO ADDED EXTRAS
What you buy is what you get.
So having extras like pools,
custom furniture, landscaping
and gardens can make the total
cost impossible to afford.

 

Shared Ownership
You only pay for what you use.
Shared ownership means shared
costs, so you’re never paying for an
empty home. You can even rent out
your share to generate income.
Hassle-Free
Every aspect of your home is
maintained for you and every
detail is taken care of, so your
vacation starts the moment
you walk through the door.
Affordable
Because you only paid for a fraction
of the home, you have more
disposable income left over
to do other things.
Amenity Rich
Fractional ownership means
that all the amenities you want
are included. With fractional
ownership you get more than
just a home, you also get a resort.

The Forecast Came True

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The global boat market was expected to grow to $ 27.8 billion by 2015 with a CAGR of 8.9% over the next 5 years (2010-2015), according tot his research from Lucintel.

The Europe and Asia Pacific region will provide the future growth for the boat market as sales will be bolstered by continued economic growth in these regions.

In the boating industry, there is ongoing shift in product mix toward larger and expensive boats.In terms of specific boat building industry trends, there is an ongoing shift in product mix toward larger and more expensive boats

Latest statistics are showing that by the 2020 this industry will reach US$ 51.0 Bn which is almost a double.

So what is the conclusion.

You should take these statistics as a  reference. Investing in fractional yacht ownership industry is profitable. Either you are an investor or a fractional owner, you will gain you profit out of this investment.

Saveene has brought new concept to the market. We are very excited to be on the leading edge of an amazing and proven concept that is here to stay!!. We are the pioneers and engineers of our patent pending Club Adjustable Fractional Ownership (CAP).

LIVE A DREAM WITH SAVEENE

LIVE A DREAM WITH SAVEENE

Yacht Charter Market: Global Industry Analysis and Opportunity Assessment 2015 – 2020

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Yacht Charter Market Overview

Yacht charter industry comprises of various types of yachts, including large, medium and small sized yachts. The global yacht charter market is driven by increasing number of charter destinations, rising disposable income of consumers and efforts by key stakeholders to showcase their offerings. In addition, current developments in yacht, product innovation coupled with latest technologies, will further boost the growth of the global yacht charter market.

Market Value Forecast

The global yacht charter market was valued at US$ 35.0 Bn in 2014 and is expected to reach US$ 51.0 Bn by 2020, reflecting a CAGR of 6.5% during forecast period. Eastern Europe is expected to exhibit the fastest growth as compared to other regions with CAGR of 7.2%. This growth is supported by rising disposable income of consumers and increasing number of yacht charter destinations. Other factors that are fueling the growth of yacht charter market are product innovation and technological advancement.

Product Type Analysis

On the basis of product type, the global yacht market is segmented into motor and sailing yacht. The motor yacht is further sub-segmented on the basis of hull configuration into displacement, semi-displacement, catamaran, planing, and trimaran. Among the above mentioned sub segments, semi-displacement is expected to show fastest growth among all the yacht charter market segments at a CAGR of around 7.0% over the forecasted period. Trimaran sub-segment is expected show belowbelow average growth rate in comparison to other sub-segments owing to the preference of consumers for other yacht types.

On the basis of rig configuration, the motor yacht segments is further sub-segmented into sloop, schooner, catamaran, and ketch. Sloop is expected to be the largest sub-segment in 2014 with market share of 43.3% followed by schooner with market share of 38%. Total global contribution of yacht charter is 6.7% by 2020.

Yacht Charter Market: Region-wise Outlook

Geographically, the market is sub-segmented into four regions namely North America, Latin America, Rest of Europe, Eastern Europe, Middle East and Africa, Asia Pacific. Eastern Europe is expected to show maximum growth with CAGR of 7.2%. Among all these regions, Rest of Europe is the largest market in terms of revenue followed by Eastern Europe that contributed US$ 9.04 Bn in 2014. The growth of yacht charter market is supported by the increasing high tier population and rising time for leisure activities among consumers.

Yacht Charter Market

Yacht Charter

Consumer Type Analysis

On the basis of consumer type, the sub segmentation includes corporate and retail. Retail consumers are further sub-segmented into individual, family/group and couple. Corporate segment is expected to show faster growth in comparison to retail consumer with CAGR of 6.7% over the forecasted period. Among retail consumer, family/group sub-segment is expected to witness faster growth with CAGR of 6.8%.

Yacht Size Analysis

On the basis of yacht size, the sub segmentation includes large, medium and small sized yachts. Small sized yacht is expected to show a healthy single-digit growth with CAGR of 8.5%.Furthermore, large sized yacht is expected to follow the small sized yacht in terms of CAGR during the forecast period.

Key Trends

There is trend of consumers preferring large sized yachts owing the increasing preference of consumers to visit charter destinations in large groups. Yacht manufacturers are focused towards upgrading the motor yachts in order to reduce the adverse effect of CO2 emission in the environment. Moreover, yacht charter market is witnessing the trend of innovative interior designs. Countries such as Greece, Turkey and Thailand are the most popular charter destinations among consumers. Corporate consumers prefer yachts for various product launches and business meetings. Retail consumers prefer yacht for leisure activities and social parties. Large yachts are usually preferred by large group of people while small yachts are usually preferred by couples.

ANALYSIS: The Future Looks Bright for Yacht Charter Industry

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New industry analysis has indicated positivity for the charter market, with growth of over 6% to a value of $ 51 billion (€32 billion) forecast by 2020.

Global research conducted by ‘Future Market Insights’ into the state of the charter market from 2014 to 2020 predicts progress for the industry. This is largely due to the ‘increasing demand for yacht charter’ and ‘rising disposable income of consumers,’ supported by the growing number of charter destinations ‘fuelling the growth of the overall yacht charter market.’ New innovation in yacht technology is also a factor in the boost foreseen by 2020.

Analysing demand and supply side sales across small to large sized yachts, the report finds the current $35 billion value of the charter yacht industry is likely to grow to $51 billion – with a CAGR (Compound Annual Growth Rate) of 6.5% in this time. It is additionally foreseen that by 2020 the charter market’s global contribution will be 6.7%

One of the report’s key findings was the significance of the East Mediterranean to the industry’s development, with Eastern European countries such as Greece likely to experience the most rapid growth in comparison to other charter destinations – with a predicted growth of 7.2% by 2020. Destinations such as Monaco in the rest of Europe, contribute the most to the market’s revenue, followed by the East Europe destinations, which contributed $9.04 billion in 2014.

Amongst motor yacht types, ranging from displacement to catamaran yachts, the research concluded that semi-displacement yachts are likely to demonstrate the fastest growth in the forecasted period. Analysis of types of sailing yachts concluded that sloops, followed by schooners, would be the most significant sub-categories on the market.

Superyachts were also seen as preferred by many planning a yacht charter due to the ability to travel with more people and rise of eco-friendly vessels specifically built to minimise environmental impact.

 

In September, come to Spain

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September is one of the best months to visit Spain, particularly because the weather is starting to get cooler and there will be slightly fewer tourists than in July and August.

 

Catalonia is probably the best place to visit in Spain in September, with the Festa de la Merce in Barcelona and the Festa de Santa Tecla in Tarragona.

  1. an Sebastian Film Festival in San Sebastian
  2. Rioja Grape Harvest Festival in Logroño.
  3. Festa de la Mercè in Barcelona
  4. Birraso Beer Festival in Barcelona
  5. Festa de Santa Tecla in Tarragona

 

Grape Stomping in Spain in September

Grape stomping, the traditional treading on grapes in wine production, usually takes place in late September or early to mid-October. Organizing your own grape stomping trip is difficult, but possible.

Live like a millionaire… without spending a fortune!

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Graham Price is sipping a glass of champagne on the 50ft yacht moored outside his £1million home in Port Grimaud, playground of the rich and famous in the South of France.

‘You know,’ he says, ‘there are days when I feel like a multi-millionaire.’

Over in Palma, Majorca, Will Hosie is feeling much the same way. His plane is safely stored in its hangar and his boat is moored alongside two 100m mega-yachts belonging to members of the Saudi Arabian and Qatari royal families.

Have a slice of this life: Yachts and exotic holidays could be yours to enjoy

Have a slice of this life: Yachts and exotic holidays could be yours to enjoy

Back in the UK, Adam Farkas is waking up in his Mayfair suite, a piece of real estate that would normally cost him well into seven figures, while just down the road the biggest choice of the day facing Glenn King is whether to jump into a £135,000 Alpha Romeo or a £150,000 Ferrari.

Before this begins to make you feel a little bit nauseous, you should know that while all these people are successful, middle-class professionals, none of them is actually rich  –  at least, not in the old-fashioned sense of the word.

They do, however, have one thing in common: they are part of a rapidly growing sub-culture that is turning the concept of ownership on its head.

Called ‘fractional living’, it is a philosophy that puts the enjoyment of an asset above the ownership of it. In practice, it means that instead of owning an asset outright (whether it’s a house, yacht, car or even a handbag), you share it with other people  –  and just use it when you have the time or the inclination.

Over the past couple of years, the idea of fractional living has crept into every walk of life to the extent that you can now own part of an artwork, a row of vines in a vineyard, a fashion designer’s first collection or even a cut in a rock band’s first album.

And just to spice things up, you can dip into a pool of super-cars or designer clothes, hop aboard your fractionally owned helicopter or jet to the Algarve for a round of golf on the course in which you own a tiny stake.

Nobody is quite sure why, but fractional living has exploded into sections of life in the consumerist U.S. in a way that many economists once thought impossible  –  and it is becoming one of the few growth sectors in the UK.

‘I think the recession has taught people some hard lessons that they will never forget and they are now looking for new ways to make their money go further,’ says Sophie Garrett, founder of Norfolk-based yours2share.com, a website on which total strangers get together to buy second homes, aircraft, cars, yachts and land  –  with some even sharing pets and gardens.

Slice of the action: Glenn King, 31, with a Ferrari he part owns

Slice of the action: Glenn King, 31, with a Ferrari he part owns

‘Even the richest banker is now realising that there are only so many toys you need to own outright. What’s the point of owning a yacht when you can only spend two weeks a year on it? It makes much more sense to share the costs with someone with the same outlook as you. And that’s precisely what’s happening.’

So how do you get involved in fractional living? And how well does it work in practice?

No one knows exactly how all this started, but many suspect it grew phoenix-like from the ashes of the once-discredited timeshare industry.

Although today there are many reputable timeshare firms, the concept developed a bad name in the 1970s and 1980s through con-men who either overcharged or made a fixed two-week spell in a yet-to-be built Spanish complex sound far more attractive than it actually was.

It quickly dawned on people that being stuck with the same time in the same place each year wasn’t such a good idea after all. What was appealing, however, was being able to taste a piece of exotica at a price that was within reach. So what if the idea was taken forward, introduced into other areas of luxury living and made more flexible?

‘Everybody wants a slice of luxury but few of us can afford it,’ says Piers Brown, founder of fractionallife.com. Visitors to his website can find ways to share executive jets and yachts, buy fractional homes on golf courses, shares in horses or vineyards, and join collectives that buy works of art that you can display in your own home for a fraction of each year.

He adds: ‘Fractional living allows people to enjoy those luxuries to a standard that would normally be well beyond their reach.

‘There have been studies demonstrating that the average owner of a luxury yacht spends just 30 days a year on board  –  and the average holiday home owner visits their property for just three weeks a year. Dividing that ownership up into fractions makes much more sense, financially.

‘Yes, you are having to share with other people, but it isn’t the same as timeshare. Since you actually own a slice of the freehold in a property or asset, you can use it at various times that suit you  –  and you can sell it and move on if you want to.’

Graham Price’s foray into the fractional world began several years ago when he discovered Port Grimaud, a town four miles south-west of Saint-Tropez built in the Venetian style in the 1960s. The town is hugely popular with the yachting set as it is built around a series of canals that allow almost every property to have its own mooring.

However, this popularity makes buying there expensive, and although successful in his career, 59-year-old psychologist Mr Price would have found buying a home and a yacht there almost impossible.

‘I advertised for some other people to come in on the idea and formed a syndicate,’ he says. ‘We found a three-storey, four-bedroom house that was bigger than I was originally thinking of, then we went to the Boat Show and chose a 50ft Beneteau Oceanis fourcabin yacht.’

Mr Price has two partners in the venture  –  a GP and a director of a yacht management company  –  and they each paid around £400,000 to become fractional owners of the yacht and the house. They are now after a fourth partner who will be able to buy in for £270,000  –  a sum that would barely get you a one-bedroom flat in a desirable part of London.

Top of the range: Some websites 'rent' out designer handbags, like this one from Chanel

Top of the range: Some websites ‘rent’ out designer handbags, like this one from Chanel

‘It is vital to get legal agreements in place that determine each person’s rights and establish that you take turns in having first choice of usage,’ says Mr Price. ‘It is also advisable to meet first to be sure that your partners want the same thing out of the venture as you do and that they intend to look after the assets as carefully as you will.

‘But, frankly, we’ve never had to stick to the letter of the agreement. We’re all reasonable people and have become good friends. I can imagine that some people could have problems, but when you have a quarter of a year to choose from, you can usually find dates and times that suit all your needs.’

Will Hosie reports a similar experience. A 49-year-old commercial pilot, he spends so much time abroad that he registered offshore for tax purposes. That meant he couldn’t spend more than 90 days at a time at his home in Somerset, so he bought a 40ft yacht in Mallorca with two other people. They each own a one-quarter share at £16,000 each and he owns the other half at £32,000.

‘It has worked out perfectly,’ he says. ‘One of my partners is a banker and the other a theatre producer. We all have different needs, and although we have strict agreements in place, we usually just operate time aboard on a first come, first served basis. It helps if you’re mature, reasonable people, but in my experience most individuals are.’

And that isn’t all. Back in Britain, Mr Hosie has bought a £35,000 two-seater Fournier RF5 motorised glider and sold five shares at £6,000 each.

‘Obviously, owning your own aircraft is prohibitively expensive for most people, but if you do it in a fractional way it becomes much more affordable and you can still have as much fun,’ he says.

On average, Mr Hosie would manage to get into the air for only 30 hours a year, so it could turn out to be a very costly pastime with landing fees, insurance, access to hangars, etc., amounting to around £7,500 a year.

‘For most private pilots, the cost of flying works out at about £120 an hour,’ he says.

‘With my partners involved, we’ve got those costs down to about &£22, which means that I have a yacht and an aircraft and feel like a millionaire  –  without actually being one.’

Dr Adam Farkas, a 42-year-old banker from Budapest, spends around 20 days a year on business in London. Staying in expensive and impersonal hotels was driving him crazy  –  until he heard about 47 Park Street in Mayfair, a luxury fractional residence club with 49 suites

Fractional ownership of suites ranges from £111,000 for a one-bed to £260,000 for a two-bed. For that, owners can use their suites for 21 nights a year for 40 years with a further 14 nights from £89  –  a ludicrously low sum for Mayfair.

They can use the club any days they want, bequeath the ownership to their family or sell it on if they wish.

There are service charges of around £6,000 a year, and for that owners get to use some of London’s most exclusive-clubs, have their fridges stocked by staff before they arrive, have clothes laundered and pressed, ready for their arrival, and even have pictures of their family put on the mantelpiece before they walk through the door.

‘This wouldn’t work for everyone, but it was perfect for me,’ says Dr Farkas. ‘Instead of being in different hotel rooms each time, I have the comfort of a home from home in Mayfair at a price that compares well with those same luxury hotels.’

But fractional living isn’t just about posh houses or plush yachts.

Sarah Durbin is a 44-year-old project manager for a housing association. For her, dressing well for meetings is important and she feels that having the right handbag is essential.

‘The problem is that I, like most women, can’t afford to splash out hundreds of pounds on handbags on a regular basis,’ she says.

Instead, she signed up to handbags fromheaven.co.uk.

‘I pay £9.99 a month membership, which is spent on new handbags that members can then “rent” for around £40 a week, depending on the bag,’ says Ms Durbin.

‘You don’t actually own the bags, but you do feel that you have a fractional interest in them.

‘I’ve had Gucci, Mulberry, Prada and Chloe ones  –  all worth from around £500 to £800 each. I order them online and they are delivered to my door ready for a special occasion or a big meeting.

‘Most women will splash out on an expensive handbag once or twice a year, but then they feel obliged to make their outfits match their handbag. With this, you can get a bag that matches the outfit.’

This type of fractional interest works with cars, too. Car clubs have been around for years, all offering a similar service, but new, smaller ’boutique’ clubs are springing up that are more finely attuned to the preferences of their members.

Glenn King, a 31-year-old City trader, is a member of Marque 2, which has 11 cars and 65 members. Again, its membership fees of £6,000 to £8,000 a year are used to finance the purchase of new (and vintage) cars, allowing members access to vehicles that many simply could not usually afford.

‘In the past, I’ve paid up to £75,000 for a car, but this makes so much more sense, bearing in mind the amount of spare time I have,’ says Glenn.

‘Let’s say you were to buy a three-year-old Ferrari. That could easily set you back £90,000, and then you’d have the insurance, the maintenance, storage and so on, but you would only be using it for a fraction of the time.

‘This way, I don’t actually own any of the cars I can drive  –  but then, nor do I have any of the hassle involved in their upkeep. I’m just paying for the fractional usage. It’s all about experience, not ownership.’

And if fractional super-car membership is out of your league, there are other ways to enjoy fractional ownership for as little as £5.

For that small sum, you can buy a piece of an up-and-coming rock band and help them finance their first album with slicethepie.com.

In return, for every £1 you invest up to £15,000, you get 10p for every 1,000 albums sold.

You can do something similar with young fashion designers on catwalkgenius.com.

And if you want to feel really special, then perhaps you could toast the fractional racehorse in which you invested £89 (racingshares.co.uk) with wine from the vineyard in which have rented a row of vines for £75 a year (wineshare.co.uk).

Whichever way you slice it up, fractional living has the potential to give you the million-dollar lifestyle you’ve always wanted  –  a lifestyle that is quite clearly far greater than the sum of its parts.

 

The beauty of fractional ownership

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Fractional ownership is an exciting ultra modern, fast growing market and now considered to be one of the most financially astute ways of purchasing an asset.

Fractional ownership allows a number of unconnected buyers to combine resources and collectively own any kind of a property ( house, condo, yacht, watercraft, jets…).

Individual fractional owners do not need to find the other owners as this is organised by the developer.

Learn more at saveene.com

Costa Rica – The Rich Coast

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Things Not to Miss in Costa Rica

Costa Rica travel offers excellent value and ecological diversity. The best way to get around is by small plane, while renting a car is a close second.

• Explore San Jose
• Arenal National Park (view the Arenal Volcano)
• Hiking through Monteverde Cloud Forest Biological Reserve
• Zip-lining in Selvatura Park
• Manuel Antonio National Park
• Tortuguero National Park
• Surfing from your base at an eco-lodge

costa rica

When to Visit Costa Rica

The Continental Divide runs through Costa Rica. The northernmost regions are flat and arid, while the south is covered by jungle. The Caribbean coast receives rain year round.

• The best time to visit is in December and January when the landscape is green but there’s little rain
• To visit Costa Rica during high/dry season, go between late November to late April
• Tropical/rainy season (or “green” season) runs from May through mid-November

DON’T MISS

  • Playa Grande on the Nicoya Peninsula—one of the few nesting sites in the world for endangered leatherback sea turtles.
  • Remote, beautiful Drake Bay (Bahía Drake), where crystalline waters border primary rainforest (and several exclusive eco-lodge properties).
  • Diving among dolphins, hammerheads, and giant rays, or exploring some 200 stunning waterfalls, many that drop right into the sea, at Isla del Coco, the inspiration for Jurassic Park’s Isla Nublar.

Santa-Teresa-Beach-Costa-Rica-copy