The column chart illustrates how the average house prices change over the 12 years(from 1990 to 2002) as against the typical prices of house in 1989 in five differect cities( New York,Madrid,Tokyo,Frankfurt and London).Units are measured in percentage.
Overall, home prices grew in all cities throughout the period except Frankfurt.However,London experienced most significant increased,rising from the lowest to the highest over the time.
From 1990 to 1995, In term of London and Tokyo, its accounted for the lowest and similar percentage which was around -7%.However, In between 1996 and 2002 the senario oh both figure is completely change ,London is peaked at around 12%.In contrary, Tokyo accounted for -5% which was the lowest prices over the last 6 years.
When it comes to New York, house price was marginally increased from -5% to 5% over the time.In compared with Madrid( aproximately 2% in fisrt 6 year), New York was lower but in 1996 New York overtook the house prices of Madrid( around 4%).
Lastly, from 1990 to 19950, Frankfurt had experienced highest prices compared with others,which was around 3%,while It fell slightly by around 1% in between 1996 and 2002 from 1989 house prices.
