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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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Overall, there is a picture that compares the prices in five cities in 2 periods of time with the average cost in 1989. At first, the differences between 1990 and 1995 include a five percent fall in New York. Furthermore, it was a seven-and-a-half percent recession in other cities such as Tokyo and London. However, in Madrid and Frankfurt, it seems like there was a rise in costs.
Between 1996 and 2002, the economic situation faced various problems in New York, Madrid, Frankfurt, and Madrid as in the diagram, the average cost was followed by a rise in these years, even more than 10 percent.
But surprisingly, there was growth in Tokyo as they had a 5 percent fall in expenses which was incredible.
Generally, in the first focused period, the ability to buy a house was easier than in the second period, and we can conclude that the number who own houses has decreased over time.
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