The provided chart depicts data about fluctuation of prices in five distinctive cities from 1990 to 1996 and compared some alternations of house costs between 1996 and 2002.
Looking from an overall perspective, it is clearly noticed that the Madrid city house prices of Spain was higher over the shown time, while London’s accomodation costs rocketed last 7 years though it was least in first five years.
To begin with, regarding the house prices, obviously Madrid and Frankfurt had more house worths than New Work, Tokyo, and London’s city accomodation values, with about 2% and 3% house prices, compared to almost -5% (New Work), around -7% (Tokyo), and -6% (London) house costs from 1990 to 1995. These three figures showed downward trend in five years.
On the other hand, from 1996 to 2002, London’s house prices soared with almost 12%, whereas it was less worthy of house prices before 1996. The New York city’s home costs expanded which accounted for approximately 5% after 1995. Moreover, The city of Frankfurt house prices came down by nearly 2% than first five years.