The bar graph displays the proportion rise in standard housing costs in three selected nations, namely Algeria, China and Argentina across the time span of 3-years from 2007 to 2010.
Overall, it is evident from the graph that Algeria, which had the predominance in standard real estate prices, underwent a decline, whilst China saw a surge within the given period. Moreover, an interesting point to mention is the considerable fluctuation in indices of Argentina.
To begin, the results of Australia made up slightly more than 6% in 2007, which declined to 4,5 percent a year later. Maintaining the same pace, it decreased gradually to the proportion of 3% in 2009 and then on, the fraction of property prices remained unchanged until 2010. Switching up to China, a sharp growth can be noticed starting from 2007, increasing nearly twice in 2008 and reaching the proportion of approximately 4.5 percent. Afterward, the percentage of housing costs rose to 5,5% in 2009. The same progress was seen a year later, climbing to more than 6%.
Regarding Argentina’s standard property prices, starting with the result of 3% in 2007, it grew to roughly 5 percent within the time period of one year. Lately, 2009 saw a significant dip, plunging to nearly 1,5%. Eventually, in 2010 the level of real estate prices in Argentina rose for 1 percent, accounting for 2,5% and being the nation with the least trend in average housing costs.