Band 7+: The bar graph below shows the percentage growth in average property prices in three different countries between 2007 and 2010. Summarise the information by selecting and reporting the main features, and make comparisons where relevant.

The bar chart shows how percentage rise changed in average real estate prices among Algeria, China and Argentina, between 2007 and 2010.

Overall, Algeria had the highest proportion growth in average property prices at the beginning of the period. At this time, China had the lowest percentage growth, but despite this, they experienced the most significant increase throughout the period. In contrast, all countries showed rises and declines, except from Argentina, which mainly showed wide fluctuations.

In 2007, the dominant country experienced a considerable decline in average real estate prices over the entire period, falling from approximately 6% in this year, to just above 3% in 2009 and eventually stabilizing at 3% by 2010. On the other hand, China was initially ranked the lowest at just 2%, but its percentage in property tripled, reaching about 6% by 2010.

In contrast, Argentine’s property prices saw significant fluctuations between 2007 and 2010. Prices started at 3% in 2007, then jumped to around 5% in 2008. However, they dropped sharply to about 1.5% in 2009, reaching the lowest point of the survey. By 2010, they had recovered slightly to 2.5%.