The bar chart indicates the proportion change in the average cost of houses in various cities namely New York, Marid, Tokyo, Frankfurt, and London between 1990 and 2002 compared to 1989.
Overall, it is evident that there were upward trends in the average house prices in New York, Marid, Frankfurt, and London while the opposite trend was true for Tokyo. Additionally, the figure for Tokyo was the lowest during the period given.
In the first phase, between 1990 – 1995, compared to the average house prices in New York decreased noticeably by 5%, the data on Marid increased minimally by approximately 2%. The former grew dramatically and overtook the latter at 5% and 4%, respectively, in the next period between 1996 and 2002.
The data on Tokyo in the first phase was nearly -7%, which equaled that of London. While the figure for Japan increased slightly to -5 %, the data for London saw an enormous rise to over 10% in the second phase. In contrast to the trend in other cities, the average house prices in Frankfurt
grew slightly in the first step and then decreased to roughly 2% in the final phase.