Band 6+: The chart below shows information about changes in average house prices in five different cities between 1990 and 2002 compared with the average house price in 1989. Summarise the information by selecting and reporting the main features, and make comparisons where relevant.

The presented bar chart illustrates the average cost of accommodations in five various cities from 1990 to 2002 in comparison to prices in 1989.

Overall, it can be seen that in the first five years of the given period, three cities namely, Tokyo, London, and New York witnessed a decrease in the price of houses, while in the following five years, only Tokyo experienced a decline.

In detail, from 1990 to 1995, Frankfurt and Madrid generally witnessed an upward of around 3%, while Tokyo and London declined more than 5 per cent. In the meantime, accommodation prices decreased by 5% in New York.

In the following five years, compared to the last five years, the cost of places in New York increased 10%, which raised to 5% more expensive than in 1989. Furthermore, the UK average price of houses rose sharply to 10%; however, Tokyo accommodation costs remained 5% cheaper than it was in 1989