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The image shows percentage change in average house prices for New York, Madrid, Tokyo, Frankfurt, and London from 1990-1995 and 1996-2002 compared to 1989 prices. 1990-1995: New York -5%, Madrid approximately 2%, Tokyo about -7%, Frankfurt nearly 3%, London around -1%. 1996-2002: New York just over 4%, Madrid approximately 4%, Tokyo about -5%, Frankfurt roughly 1%, London close to 12%.
Given the complexity of the image, the above description may not be entirely accurate.
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The provided pictorial representation (i.e. bar chart) illustrates an average house price amongst 5 different cities from different countries in two different times (1990 –1995 and 1996 – 2002) with respect to standardized price initially set at 1989.
As can be seen, in the year 1990-1995, New York, Tokyo and London had their prices in net negative with Tokyo and London having the same percentage of around 7.5%. While, Madrid and Frankfurt stayed positive while hovering over 2% to 3%.
On the other side of the graph, surprisingly, the price for New York and London rose in which New York went from negative to positive five while the price at London smash through roof with almost twice the price
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