The chart compares the cost of average housing in five capital cities, New York, Madrid, Tokyo, Frankfurt, and London, over a 13-year period, with the figures presented in percentages. Overall, it is interesting to note in the chart that we can see there was a downward price range in 1990 and 1995, but most of the cities saw rising prices in between 1996 and 2002. The city of London, UK, experienced the greatest changes in house prices, reaching over 10 percent.
Looking at details of the first half-period, the percentage of London and Tokyo dropped around 7, while New York house prices went down only 5%. By contrast, in the other two cities, Frankfurt and Madrid, prices rose approximately 2%.
Between 1996 and 2002, London house prices jumped surprisingly to around 12%, whereas Tokyo, still cheaper, remained under the margin line. Homebuyers in New York City also had to pay more significantly than before, with prices rising to 5% above the 1989 average. The cost of average home prices in Madrid rose slightly, 2% above, and Frankfurt still remained stable around the previous percentage.