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 bar chart demonstrates data of average house price changes percentage in New York, Madrid,

Tokyo

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, Frankfurt and

London

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from 1990 to 2002

in contrast

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to average prices in 1989. It can be seen from the diagram that, from 1990-1995, most cities’ average prices were at least 5% lower than in 1989, including New York,

Tokyo

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and

London

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. What’s worse,

Tokyo

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and

London

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were 7% lower than the average in 1989. Even though the other two were higher, they were merely around 2% more than in 1989. Looking at another half of the chart, the average house price soared since 1996 except in

Tokyo

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, which dropped 5% than 1989. Among other cities,

London

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witnessed a significant growth in house prices, reaching around 12% higher than in 1989. Meanwhile, New York, Madrid and Frankfurt rose 5%, 4% and 2% respectively.