The line graph illustrates the typical cost of houses in three different nations over the 17-year period from 1997 to 2014
Overall, house prices in all three countries experienced an upward trend, although the pace of growth differed across nations. Country A witnessed the most dramatic rise, whereas country C remained consistently lowest throughout the period.
In the first stage, from 1997 to 2004, the mean housing prices in country A climbed steeply from just over 100,000 dollars to more than 500,000 dollars. Besides, average cost of housing in country B grew at a slower pace, reaching above 250. In comparison, prices in country C remained almost flat, at around 120,000 dollars. From 2004 to 2008, both country A and B experienced steady declines, dropping to nearly 500,000 and 250,000 dollars respectively. However, country C advanced slightly, climbing close to 250,000 dollars before falling to 120,000 dollars in the end of this period.
After 2008, all three countries recorded resurgences. Country A rebounded significantly, reaching the peak of 750,000 dollars, while country B also recovered, surpassing nearly 500,000 dollars. Moreover, country C gradually regained strength and ended the period at above 250,000
