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. Summarise the information by selecting and reporting the main features, and make comparisons where relevant.

The given bar chart illustrates the data about the shifts in average

house

charges in New York, Madrid, Tokyo, Frankfurt, and London from 1990 to 2002 compared to the average

house

charge in 1989.

Overall

, it can be clearly seen that all cities experienced changes in

house

prices. The majority of

house

prices decreased in the first six years

while

there was an increased trend in

house

costs in the

last

six years. Looking at the information in more detail, in the period of 1990 to 1995, the price of homes in New York decreased by 5%, and the cost of homes in Tokyo and London declined by 7%.

In contrast

, the rise in price saw in Madrid and Frankfurt at around 2% and 3% respectively. From 1996 to 2002, the percentage of houses rose by 5% and 4% in New York and Madrid respectively. The highest increasing home price was in London at around 12%.

However

, the proportion of

house

prices in Tokyo fell by 5%.