The provided bar chart illustrates the percentage comparison of average house prices from 1990 to 2002 with the 1989 prices in five cities, categorized by New York (USA), Madrid (Spain), Tokyo (Japan), Frankfurt (Germany), and London (UK). Overall, it is readily apparent that four out five cities experienced different growth patterns, while frankfurt stood as the only city which had a decrease during the specified period.
Between 1990 and 1995, both Tokyo and London were nominated as the lowest percentage change among the group with -8%, respectively. However, both cities then experienced different climb patterns, with Tokyo was growing gradually to -5% and London was having a dramatic increase at approximately 12% from 1996 to 2002.
Similar to Tokyo and London, New York and Madrid followed the same trends in terms of average house prices. From 1990 to 1995, New York’s house prices started at -5%, before skyrocketing at 5% between 1996 and 2002. Madrid, on the other hand, had a less growth than New York, increasing from 2% to 4% during the specified period. Conversely, Frankfurt became the only city that reported a different trend, where the city saw a modest drop from 2% to 3%, from 1990 to 1995 and between 1996 and 2002, respectively.