The chart presents the changes in average house prices across five cities—New
York
, Use synonyms
Madrid
, Tokyo, Frankfurt, and London—over two distinct periods: 1990 to 1995 and 1996 to 2002, compared to average prices in 1989.
In the first period, New Use synonyms
York
experienced a modest Use synonyms
increase
of 5%, Use synonyms
while
Linking Words
Madrid
saw a slight rise of 1%. Use synonyms
Conversely
, Tokyo and London faced significant declines, with Tokyo’s prices dropping by 7% and London experiencing an equivalent decrease of 7%. Frankfurt, Linking Words
on the other hand
, registered a modest Linking Words
increase
of 2%.
The second period showed a notable shift, particularly for London, which rebounded dramatically with an 11% Use synonyms
increase
. New Use synonyms
York
maintained a steady growth rate of 5%, and Use synonyms
Madrid
improved slightly, reaching 4%. Use synonyms
However
, Tokyo continued to decline, though at a reduced rate of 5%. Frankfurt’s growth stagnated, recording only a 1% Linking Words
increase
.
Use synonyms
Overall
, Linking Words
while
New Linking Words
York
and Use synonyms
Madrid
showed resilience, London’s recovery was particularly striking, contrasting sharply with the continued decline in Tokyo’s housing market.Use synonyms
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