Band 5+: You should spend about 20 minutes on this task. The chart below shows changes in average house prices in five different cities between 1990 and 2002 compared with the average house prices in 1989. Summarize the information by selecting and reporting the main features and make comparisons where relevant.

The bar chart depicts variation in New York,Madrid,Tokyo,Frankfurt and London house value comparing the years 1990 t0 1995 and 1996 to 2002.

At first glance,it becomes clear that in the second period time (1996-2002) London had the highest price by far,while it was the lowest over the previous period,similar to amount of New York,however the figure of three other cities remained relatively stable.

In 1990-1995,London and Tokyo had the lowest change amount of property pricing by approximately 7% under zero.Also,New York had a mere 5% below zero.By contrast,Madrid and Frankfurt house price was more then zero by about 2% and 3%,respectively.

In the next time period from 1996 to 2002,the percentage of New York,Madrid and London home values raised up to 5% , 4% and more than 10%,respectively.However, the average of Tokyo and Frankfurt was almost stable.Tokyo at 5% below zero and Frankfurt at nearly 2% between the years 1996 and 2002.