The diagram illustrates datas related to changes in house prices among five cities around the world from 1990 till 2002 compared with prices in 1989.
As can be shown from the diagram, it is obvious that the striking moving up change in house prices took place between cities from 1996 till 2002 exept one city fell down. While, it is shown three out of five cities went down obviousely in prices during 1990-1995.
According to information, London depicts the most rocketing house price in average with nearly 12 percent increase compared to 1989 prices, in spite of London was one of two countries that had lowest housing price during 1990-1995. New York shows the same direction, with 5 percent that means negative growth during 1990-1995. Whilst, the price illustrates growth positively exactly in the opposite direction in 1996-2002. It is worth mention that, Madrid was between cities that had growth in prices during study.
Surprisingly, Tokyo was the only city between others that visualizes completely negative growth during the study time even compared with the prices in 1989. In Tokyo during 1990-1995 the average housing price was nearly -7 percent, while this price decreased to -5 percent during next five years. Of cource, Frankfurt shows dwindling trend in average housing prices during the whole study specifically in 1996-2002. But what it is important about Frunkfort is the amount prices during both different time shows up than zero. moving into decrease