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 Chart depicts fluctuation in the cost of houses in 5 different areas from 1990 to 2002, compared to the average prices in 1989.

Overall

, it is easily observable that cities

such

as New York, Madrid, and London experienced a remarkable alternation in accommodation prices in recent years.

In contrast

, Tokyo did not show a significant percentage change. Looking at the first era in detail, it is observed that from 1990 to 1995, New York's housing expenses ranged from 0 to minus 5%,

while

Madrid saw a slight increase from 0% to approximately 1%. As for Tokyo, London, and Frankfurt, the statistics were below minus 5% and nearly 3%, respectively. The other timetable, 1996-2002, demonstrates that house expenses surged to more than 10% in London, and in New York and Madrid, they rocketed to 5% and just about 5%, respectively. In Frankfurt, there was a slight drop, approximately 1%. It is vividly observable that Tokyo's statistical changes from 1989 to 1969-2002 were from 0 to 5%.