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 bar chart elaborates upon the fluctuation in the cost of houses in five cities within the period of 1990-2002 in comparison to housing prices in 1998. As can be seen, save for Frankfurt, there was an ascending resultant trend for accommodation prices in all cities Looking at the first era in detail, the chart shows a decline of 5% in housing costs

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New York in comparison to average costs in 1998. But it continued with a significant rise, levelling up to 5% in the 1996 to 2002 period.

Besides

, during the first half, there was a slight increase in home prices in Madrid but

this

city experienced a rise of 2% in the second half. As for London and Tokyo, they both stood at -7.5% during the first 5 calendar years compared to the 1989 market figures.

However

, followed by an eye-catching rise of 24%, London stood at the top by 2002

while

Tokyo with -5%, remained the only city showing

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negative statics in 2002. Taking Madrid into consideration, with 2%, the percentage maintained the same level during the whole timetable.