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.

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.
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The bar chart illustrates the variation in house costs in five separate regions during the period from 1990 to 2002.
It is clear that
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Madrid
together with
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Frankfurt witnessed an increase in their house prices. Over the next 5 years, the figures for those in 4 cities rose, except for Tokyo, which declined considerably. As can be seen, from 1990 to 1995, the cost of houses in Madrid stood at 2% and
then
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rose by 4% between 1996 and 2002.
Likewise
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, the percentage of average house prices in Frankfurt
also
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climbed from 3% during the first period to 4% in the second period.
By contrast
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, London and Newyork experienced a sharp decrease in 1990, which was -5% and -7% respectively.
However
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, within 12 years, these 2 cities increased their household costs significantly. Newyork grew by 5%,
whereas
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the proportion for London soared by 12%.
Additionally
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, Tokyo remained as the region which had the lowest percentage of home prices as it kept dropping to -12% throughout the observed years.
Submitted by danphamngocha on

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Vocabulary: The word "percentage" was used 2 times.
Vocabulary: The word "increase" was used 2 times.
Topic Vocabulary:
  • fluctuation
  • suburb
  • metropolitan
  • trend
  • appreciation
  • depreciation
  • residential market
  • housing bubble
  • real estate
  • economic factors
  • urbanization
  • infrastructure development
  • property value
  • inflation-adjusted
  • comparative analysis
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