• Jewelry reached a new high in 2016 growing nearly 12% over a year earlier and up 150% since 2005.
• Traditional Chinese Works of Art has fluctuated, but this is the only category for which prices have risen significantly since the financial crisis, increasing 70% since 2008.
• Billionaire Property prices grew rapidly from 2008 to 2012, increasing nearly 40%, but have since risen less than 6% and increased less than 2% last year.
• Prices of Leisure Property have generally seen smaller increases, rising around 20% since 2008, but have been very consistent, growing close to 1.5% in each of the past three years.
Billionaire properties are defined as primary homes owned by ultra-high net worth individuals, typically valued at $13 million and above. Leisure properties are second houses or holiday homes.
Passion Index values are assessed by calculating returns by individual category indices. Overall, 2016 saw a modest increase in the total index of 1.2%, compared to an average annual increase of 5.3%, while the total index has returned 76.6% since it was founded in 2005.