The graph shows the percentage increase in mean property values in Algeria, China and Argentina from 2007 to 2010.
Overview, the prices of housing in Algeria decreased over the entire period,whereas the property values in China displayed an upward trend over the 4 years.The percentage of housing prices in Argentina fluctuated throughout the period.
China’s property prices rate was 2% in 2007, being lower than Algeria’s and Argentina’s rate. Then, it rose to just above 4% in 2008. China’s house price increased steadily to the end of the period, reaching a high-point of the values in housing of just over 6% in 2010. By contrast, Algeria’s price housing decreased remarkable over the 4 year. To be exact, the rate of price in 2007 was at its highest point with just above 6%, and then decreased dramaticaly over the following two years and reached around 3% in 2010.
With regard to Argentina’s property growth rate, at the beginning of the period, it was just over 3% and went up to about 5% in the following year. The figure dropped dramatically to roughly 1,2% in 2009 before increasing to almost 2.5%.