The given bar chart illustrates the average price changes of the homes from 1990 to 2000 compared to the average recidential costs in 1989 in five cities.
Overall, average house prices compared to 1989 values increased in all the citities except Frankfurt, while New York and London experienced significant price changes in the time period.
In the 1990–1995 period, only Madrid and Frankfurt had a positive price difference of around 2% than their values in 1989. Meanwhile, New York, Tokyo, and London experienced low prices compared to the 1989 values, with negative price differences at -5% for New York and roughly -7.5% for the other two cities.
Conversely, between 1996 and 2002, New York had a 5% higher value than the value in 1989, while the house prices in London experienced around 12% more cost for the residential places compared to 1989 prices. In comparison, even though the average home cost in Frankfurt was higher than its 1989 value by around 1%, in the 1996–2002 time period, it decreased by 1% compared to its prices in 1990–1995 time period. It is notable that, between 1996-2002, though Tokyo had a positive price difference of around 2.5% compared to the 1990–1995 average house price, it still had a negative price difference of -5% compared to the average house price in 1989.