The exhibited bar chart illustrates the percentage at which average real-estate values grew in Algeria, China, and Argentina in four consecutive years, commencing from 2007 to 2010.
Overall, the rise in housing prices in Algeria and Argentina showed a downward trend, whereas the figure for China surged over the period shown. As well as this, China took the lead in the percentage at which average property values grew until the end of the surveyed period.
In 2007, Algeria was the country with the highest increase in property value at above 6 percent. Meanwhile, this figure was almost four times as big as China’s which is the lowest and double compared to Argentina’s.
Over the period of four years, the proportion growth in average housing prices in China skyrocketed to reach a peak of over 6 percent in 2010, whereas this number for Algeria experienced a significant drop to merely 3 percent. Meanwhile, the rise in housing values in Argentina was erratic ascending to the highest point of nearly 5 percent in 2008 and then plummeting to relatively 1.5 percent in 2009 before having a recovery in the last year to 2.2 percent.