The line graph shows changes in median house prices in 3 different countries from 1997 to 2014.
Overall, average housing prices saw increase in all three countries, albeit varying degrees. This period shows significant changes in housing markets in A and B countries characterized by an initial rapid growth, a subsequent decline and a final recovery phase in the end of period. The figures for country C saw a consistent increase with the exception of 2008s figure.
Looking at the figures in detail, over the period 17-year, we can see that in the first year, country A’s average housing price was at around 200000 dollars. After that, it increased to 500 in 2003. And the figures slowly went up to 600000 dollars in 2014. At the same time, Country B stood at 150k in 1997, this was followed by a sharp increase to 350 in 2005.
At the end of the period, the house price in the country increased to 500k in 2014.
Regarding in 1997, the average house price in Country C was 125k in 1997 and rose to approximately 250,000k in 2007 after one year, going down to 200k And back to increasing to 270k in 2014. The house price in countries A and B increased to 250$. However, country B increased the cost of housing to 100$.