The company reported its yachts are sold out for 2018
Princess Yachts, based exclusively in Plymouth, has seen a boom in sales since the UK voted the leave the EU.
The high-end brand reported a 25 per cent boost in sales over the past year.
The decline of pound since June’s referendum has helped overseas buyers looking to snap up British goods.
Princess Yachts also has an edge over its competitors as its entire operation is based in and around Plymouth, while other manufacturers use a variety of suppliers around the world, hiking up the costs.
The domestic production, and price, coupled with a global client base means its prices are very attractive to overseas buyers.
The majority of yacht buyers come from Europe and the US, and with the pound down roughly 17 per cent against the dollar since the seismic vote last year, Americans and Europeans have been cashing in.
Princess Yachts, based exclusively in Plymouth, has seen a boom in sales
The company reported its yachts are sold out for 2018, with some orders already confirmed for 2019.
Antony Sheriff, executive chairman of Princess Yachts, said: “Brexit has given many of our customers to buy at a more favorable price in their local currency.
Prime Minister Theresa May triggered Article 50 on March 31
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We assume exchange rates at some point will even out
“But we don't count on that. We assume exchange rates at some point will even out."
He added that the boom in sales began a few months prior to Brexit, which was reinforced by the currency shifts.
The majority of yacht buyers come from Europe and the US
Mr Sheriff added: "Nobody really knows how to plan for the future.
“If there's one thing that would be useful for the government is to give us some degree of certainty as to what the plan is on the Brexit side and some degree of certainty that border taxes will not distort the market.”
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Prime Minister Theresa May triggered Article 50 on March 31, formally kick-starting the two year process to leave the EU.
The eurozone members now have to work out trade deals, laws and thorny issues such as the movement of people, access to the single market and nights for EU workers in the UK and vice versa.
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