The given chart illustrates the variation in average house prices in New York, Madrid, Tokyo, Frankfurt, and London from 1992-2002. These statistics compared with the average prices in 1989.
During 1990-1995 the house prices for Madrid and Frankfurt increased with the same approximate percentage, while decreased up to 5% for New York and for Tokyo and London each up to 7%.
In the next 6 year (1996-2002), the house prices of New York and Madrid increased (5%), on the other side, decreased for Japan with the same percentage. The situation for Frankfurt was same as recorded in the previous five years. Consequently, the significant change recorded in London the house prices increased up to 11% which was highest change ever.
Overall. House prices of Madrid and Frankfurt increased in last 11 years as compared to price in 1889. On the other hand, prices in New York and London first decreased and then increased. The house prices in Tokyo declined in both era.
