The bar 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 bar 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 bar chart describes the percentage change in average residential prices in five different urban
cities
(New York, Madrid,
Tokyo
, Frankfurt, and London) between 1990 and 2002 relative to the base year of 1989.
Overall
, an upward trend of average housing prices was found in all
cities
presented except
Tokyo
and Frankfurt, marking London as the highest incremental among the other
cities
while
Madris was the lowest. It is noteworthy that the residential price in London and New York, between 1990
to
Correct word choice
and
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1995, dropped significantly at about 7,5% and 5% respectively compared to 1989, before rising considerably to 12% and 5% consecutively in the period of 1996 - 2002, marking as the highest incremental among the other. Madrid, which had a positive growth at 2,5% in 1995, continued to grow to 4% in 2002. In comparison, some
cities
suffered a downward trend,
such
as
Tokyo
and Frankfurt. Regarding the change in price in
Tokyo
, it started at 3% higher than in 1989, unfortunately, the growth apparently decreased to 2%. On the positive side, the price stayed higher than in 1989.
On the contrary
, housing in
Tokyo
was priced lower than in 1989 at -7% and -5% in 1995 and 2002 respectively.
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Vocabulary: Replace the words cities, tokyo with synonyms.
Vocabulary: The word "change" was used 2 times.
Vocabulary: The word "trend" was used 2 times.
Vocabulary: The word "growth" was used 2 times.
Topic Vocabulary:
  • real estate market
  • average house prices
  • economic factors
  • base year
  • significant increase/decrease
  • period of stability
  • peak and trough
  • real estate development
  • population growth
  • relative comparison
  • speculate
  • anomalies
  • timeframe
  • trend analysis
  • market dynamics
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