The bar chart illustrates the percentage change in average house prices in five different countries in five different cities entire 12 years between 1990 and 2002 compared with 1989.
At first glance, there were significant drop in average house prices in London (UK) and in Tokyo (Japan) between 1990-1995. However, for next 7 years London’s average house cost increased compared with 1989.
To take a closer look, the average facilities prices dropped by nearly 7% in Tokyo (Japan) and in London (UK). Closely followed by New York city’s average dwelling price decreased by 5% compared with 1989. There were slight decreases in average house cost in stands at more than 1% and about 2.5% in both Madrid (Spain) and Frankfurt (Germany) respectively during the time in 1990-1995.
As far as next period in 1996-2002, London (UK) city’s average facility price peaked to 11%, followed by 5% and 4% average house prices raised in New York and in Madrid. In this time, Frankfurt’s average house price increased by 1% compared with 1989. Interestingly, there was only one average house price experienced a decrease stands at 5% in Tokyo.
It is clear from the data given that there were some significant decrease and increase in London (UK) and New York (USA) in entire period of time.