Band 7+: You should spend about 20 minutes on this task. The chart below shows changes in average house prices in five different cities between 1990 and 2002 compared with the average house prices in 1989. Summarize the information by selecting and reporting the main features and make comparisons where relevant.

The bar chart illustrates changes in mean dwelling costs in five metropolises from 1990 to 2002, in comparison with the mean dwelling costs in 1989.

It is clear that in the period of 1990 to 1995, three of five cities had a negative percentage, while from 1996 to 2002, almost all of the cities had a positive change except Tokyo.

According to the diagram, we can see the mean change between 1990 and 1995 compared with 1989 was negative in New York, Tokyo, and London, with -5%, -7%, and -7%, respectively. This figure was positive in the other two metropolis, which was around 2% in Madrid and 3% in Frankfurt.

In contrast, only Tokyo saw a negative percentage change (-5%) from 1989 prices between 1996 and 2002. Almost 12% of cost change happened in London, which was the most significant variation, compared with the lowest change in Frankfurt (2%). For comparison, the proportion variation in mean dwelling prices in the period of 1996 to 2002 was 5% and almost 4% for New York and Madrid respectively.