The line graph illustrates the changes in accommodation costs in three countries from 1997 to 2014. Overall, the house prices in the given countries adhered to rising trends, albeit to varying degrees. While Country A generally had higher housing costs, followed by Country B, Country C remained at the bottom, despite a gradual increase.
Country A and Country B shared similar standings in the initial years, having a price tag of almost $200,000. It was not until these costs began to surge at the turn of the century, with the former country raising the prices to $550,000 in 2004 and the latter reaching $300,000. This gap had narrowed down by 2009, when Country B priced a single house at a whopping $500,000 and Country A experienced a marginal decline to $530,000 in its house values. From that year on, the discrepancy became more pronounced, with Country A seeing its accommodation prices skyrocket to $750,000 and Country B remaining stable in its figures.
Country C, however, somewhat bucked the trend. Starting at about $120,000, the housing cost in this country followed an uninterrupted upward trajectory before doubling in 2007, after which it bounced back to its starting point a year later. In 2009, this figure rebounded to $250,000 and maintained a steady growth to $270,000 in 2013, thereafter which it fell back to the previous peak – $250,000.