The represented bar chart provides information about ups and downs in average accommodation prices located in five various cities from 1990 and 2002, compared with prices in 1989..
At first glance, it can be observed that in the period from 1992 to 1995 houses in New York, Tokyo and London were considerably cheaper. In addition, we can notice that the percentage of decline in Japan and UK were identical, and demonstrated 7% lower results. Meanwhile, it is noticeable that house prices in Spain and Germany were higher by nearly 2%.
Nonetheless, it would be true to assert that the difference between 1989 and period from 1996 to 2002 is dramatical, excluding only Tokyo. It was in 5% fall, as it happened with prices in New York in the period from 1990 to 1995. Despite, we can see that in 2002 prices in London significantly went up, and rose for almost 12%. If in 1995 for the percentage of accommodation prices in the USA showed a downward trend by 5%, then in 2002 the situation reversed, and was higher by 5% than in 1989. Furthermore prices in Madrid grew for 4%, compared with 1989 and illustrated a gradual incline. In 2002 houses were more expensive than in 1989, but slightly cheaper than in 1995.