The chart below shows information about changes in average house prices in five different cities between 1990 and 2002 compared with the average house price in 1989. Summarise the information by selecting and reporting the main features, and make comparisons where relevant.
The bar chart compares the cost of an average house in five major cities, namely New York, Madrid, Tokyo, Frankfurt, and
London
over a period of 13 years from 1989.
From an overall
perspective, it is readily apparent that house prices
fell between 1990 and 1995, but most of the cities saw rising prices
between 1996 and 2002. It can also
be seen that London
witnessed the greatest changes in house prices
over a 13-year period.
A deep analysis of the chart provided reveals that over the five years after 1989, the average cost of real estate in Tokyo and London
dropped by around 7%, while
the figure for New York decreased by 5%. On the contrary
, two countries which are Madrid and Frankfurt experienced an upward trend with the expenditure rising by approximately 2%.
Looking at the bar chart in more detail, between 1996 and 2002, London
saw the most dramatic growth and reached its peak at around 12% in housing expenses. Moreover
, there was also
a significant climb in the payment of a residence in New York, with prices
rising to 5%. Homes in Madrid and Tokyo registered a slight rise over a 6-year period. By contrast
, there was a gradual dip in the average dwelling prices
in the given time (between 1990 and 2002), from about 3% in 1990 to 2% respectively.Submitted by yeshomeclass on
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