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.