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The image shows a bar graph comparing the percentage change in average house prices from 1989 in five cities - New York (USA), Madrid (Spain), Tokyo (Japan), Frankfurt (Germany), and London (UK) - during two separate time periods: 1990-1995 and 1996-2002. For 1990-1995, New York had a 5% decrease, Madrid a 2% increase, Tokyo a 7% decrease, Frankfurt a 3% decrease, and London a 7% decrease. For 1996-2002, the changes were a 10% increase for New York, 6% for Madrid, a 5% decrease for Tokyo, a 2% increase for Frankfurt, and a 12% increase for London.
Given the complexity of the image, the above description may not be entirely accurate.
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The bar chart emulates the information of proportional change in approximately house prices in 5 cities in 5 different countries from 1990 to 2002 compared with 1989.
We can see cost of houses fell overall 5 years commencing from 1990, however most of cities saw rising prices after 1996.
Before 1996, the cost of average homes in Tokyo and London dropped by around 7% while New York plunged by 5%. Similarly, prices climbed by 3% in Madrid and Frankfurt. Between 1996 and 2002, London house costs went up by 12%. Homebuyers in New York and Madrid also had to pay significantly more, rising about 5%.
The reverse in the case in Tokyohad cheaper than they were before. Practically the same as it was remained steady in Franfurt.
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