The images illustrate changes in house prices in three markets: London, Dubai, and Hong Kong. Overall, house prices in London showed a steady upward trend, despite a decline at the beginning of the period. In contrast, Dubai and Hong Kong experienced significant fluctuations. Both markets saw a sharp drop in house prices initially, but Dubai’s prices remained relatively stable in subsequent years, while Hong Kong’s prices continued to fluctuate.
In London, the average house price stood at approximately £600k in 2008 before falling to around £510k in 2009. It recovered to £510k in 2010 and remained stable during 2011. From that point, house prices increased steadily, reaching about £600k in 2013. The most significant growth occurred between 2013 and 2015, when prices climbed to approximately £880k.
In Dubai, house prices showed a volatile trend over the period. They rose sharply by around 40% in 2008, followed by a drastic fall of 42% in 2009. After that, the market experienced modest growth rates of between 3% and 6% until 2015, when prices declined by about 2%.
Hong Kong also experienced fluctuations in house prices. There was a 10% jump in 2008, followed by a nearly 1% increase in 2009. Growth trends varied between 2% and 8% until 2014. After that, prices fell by 1% and then rose by 5% in 2015.