The graph describes the average house prices between 1997 and 2014 in three differnt contries.
Overall, it is obvious that the statics in all three countries is pretty similar. The line grapgh tends to increase during all 17 years. However all three lines depict a clrear fall in terms of 2008 crisis and due to presented graph the finincial condition changed a bit different.
Observing the “A” Country I would mark that the grouth in the time period beetween 1997 and 2004 is the most remarkable one in comparison to another to countries. After 2004 to 2008 as I mentioned before, the average house prices had fallen due to tough situation in the world economy. Despite the crisis, house prices began to increase gradually with the small decrease in 2015. The line of the “B” Country on the contrary to the first one does not grow as steadly as previosly described. From 1997 to 2004 the prices increase slightly and after 2004 we see the same statics as with the “A” Country. However the pattern of this line shows very spontaneus rise of prices during the year of 2008. From 2008 to 2014 the line grapgh almost does not change describing stable financial situation. Going to the “C” Country it is noticibale that here the house prices remained almost unchangebale up to the year of 2007. In comparison to the first two situations this country experienced the economy fall a bit later with the lowest point in 2008. After increase in 2009 avarege house prices remained almost the same as well as in the “B” Country.
In conclusion, I would mark that in spite of different financial statics of these countries, the same tendency is pictured at this grapgh. All three countries experience the increase of prices no matter of time period due to stable inflation. At the same time the crisis period of 2008 almost simultaneously depicts the prises decrease in all countries.