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The image shows a bar graph comparing the percentage change in average house prices from 1989 in five cities - New York (USA), Madrid (Spain), Tokyo (Japan), Frankfurt (Germany), and London (UK) - during two separate time periods: 1990-1995 and 1996-2002. For 1990-1995, New York had a 5% decrease, Madrid a 2% increase, Tokyo a 7% decrease, Frankfurt a 3% decrease, and London a 7% decrease. For 1996-2002, the changes were a 10% increase for New York, 6% for Madrid, a 5% decrease for Tokyo, a 2% increase for Frankfurt, and a 12% increase for London.
Given the complexity of the image, the above description may not be entirely accurate.
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The bar chart depicts the information on the proportional change in approximately house prices in 5 cities across 5 different countries from 1990 to 2002 compared to 1989.
We can see that the cost of houses fell overall for5 years starting from 1990, but most of cities saw rising prices after 1996.
Before 1996, the cost of average homes in Tokyo and London dropped by around 7%, while New York plunged by 5%. Similarly, prices climbed by 3% in Madrid and Frankfurt.
Between 1996 and 2002, London house costs went up by 12%. Homebuyers in New York and Madrid also had to pay significantly more, with an increase of about 5%.
The reverse was the case in Tokyo, where homes had become cheaper than they were before. Prices remained steady in Frankfurt, practically the same as they were.
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