The bar chart illustrates a comparative study in average house fare in five different big cities of the world from 1990 to 2002 with the price in 1989.
Overall, the house rent was declined significantly from 1990 to 1995 in three big cities out of five compared to 1989, while it was dramatically rose in the next seven years, from 1996 – 2002.
Looking at the data in more detail it is clear that residents of New York saw a fall about -5% in house prices between 1990 and 1995 compared to 1989, whereas the Tokoyo and London were at same level of almost -7% in that period. However, in the next seven years, house fare in New York and London climbed sharply that was just +5% and about +12%, respectively.
On the other hand, people of Madrid had to spend more money for house after 1989 and this trend was upward from 1990 – 1995 to 1996 -2002. In contrast, house rent in Frankfurt saw a minor blip over the period, with +3% in the first six years and -1% in the next time frame.