The chart illustrates the percentage change in average property prices across three countries from 2007 to 2010. Throughout this period, property prices in China were the highest, increasing from 2.0% in 2007 to over 6.0% by 2010.
In contrast, Argentina experienced significant volatility, with prices fluctuating from 3.0% to just under 2.5% by the end of the period. Prices rose in the final year, but a sharp decline occurred a year earlier, with a drop from 5.0% between 2008 and 2009.
Algeria saw a dramatic decline, with property prices plummeting from slightly above 6.0% to 3.0%. This decrease was particularly stark between 2007 and 2008, when property prices were halved. The decline continued into 2010, with a slight reduction in prices from 2009 to 2010.
In conclusion, while Algeria had the highest percentage of price increase in 2007, China’s lead over both Algeria and Argentina widened significantly over the following three years.
