The chart below shows information about changes in average house prices in five different cities between 1990 and 2002 compared with the average house prices in 1989. Write a report for a university lecturer describing the information shown below. Make comparisons where relevant.

The bar chart provides data on the percentage change in average house prices in five major cities—New York, Madrid, Tokyo, Frankfurt, and London—during two periods (1990-1995 and 1996-2002) in comparison to their 1989 levels. In summary, the first period was characterized by a general decline in house prices, whereas the second period saw significant recovery […]