Classic cars offer best investment returns

Knight Frank's Luxury Investment Index shows shows value growth of classic cars and watches

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(Image credit: (c) Hupeng | Dreamstime.com)

Over the past ten years, luxury investments such as classic sports cars and watches have offered returns of 174 per cent, according to Knight Frank's Luxury Investment Index.

Classic cars, such as Ferraris and Bentleys, have displayed the strongest growth over the past six months, rising 21%. There has been a remarkable 430% increase in classic cars over the past ten years.

This increase matches the rise in value of residential property in central London over the same period. Gold, however, has seen a 23% fall in price since June 2012.

Knight Frank's Luxury Investment Index, which tracks the value of luxury assets such as fine wine, and art, has risen 174% over a ten-year period.

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Katy Birchall is a journalist and the author of several young adult and teen novels, including The It Girl series and the Hotel Royale series. She has written a retelling of Jane Austen’s Emma for the Awesomely Austen series and the Netflix spin-off novel Sex Education: The Road Trip. She is also the author of several romantic comedies for adults including The Secret Bridesmaid and The Wedding Season. She writes romantic fiction for young adults under the name Ivy Bailey, romantic-comedy under the name Katrina Logan, and romantic sports fiction for adults under Katherine Reilly. She lives in London with her husband, daughter and rescue dog.