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 prices in 1989. Summarize the information by selecting and reporting the main features, and make comparisons where relevant.

The chart presents the data related to changes in typical cost of house in five distinct urban areas from 1990 to 2000, with a particular comparison to 1989 prices.

Overall, there was decline in prices in most of the cities from 1995 to 200 in comparison to prices in 1989. While there was clear incline in the cost of houses in most of the cities from 1996 to 2000.

Moving towards the specifics, in comparison to 1989 selling chagres, the prices increased slightly in Madrid (roughly 2%) and specifically in Frankurt (almost 2.5%), however, there was a sharp slump in the cost of houses in Tokyo and London, which was around -7.5%, from 1990 to 1995. Similarly, New York also had fall in prices to -5%.

While comparing it to the prices from 1996 to 2000, London had a significant upward trend, hitting the peak of about 12%. There was a considerable rise of 5 and nearly 4% in terms of New York and Madrid, respectively. A minimal increase is evident in the prices in Fankurt. Exceptionally, Tokyo was the only city experiencing a marked decline to -5%.