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 illustrates the percentage change in average
house
prices
in five cities—New York, Tokyo, London
, Madrid
, and Frankfurt—during two periods, 1990-1995 and 1996-2002, compared to the average house
prices
in 1989.
In the period from 1990 to 1995, most cities experienced a drop in house
prices
compared to 1989. Tokyo and London
saw the largest decreases, with house
prices
plummeting by around 7-10%. New York’s prices
also
dipped by about 5%. In contrast
, both Madrid
and Frankfurt showed a slight increase, with Frankfurt having the smallest rise of about 2%, and Madrid
's prices
growing by nearly 1%.
In the 1996-2002 period, house
prices
increased in most cities. London
saw a dramatic surge with prices
rising by nearly 12%. New York and Madrid
also
experienced modest increases of approximately 5% and 4%, respectively. Frankfurt remained relatively stable, while
Tokyo was the only city to continue showing a downward trend with a further
5% decrease in prices
.
In summary, house
prices
generally recovered after 1996, with London
experiencing the most significant growth.Submitted by eparfenenkov on
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