The chart depicts fluctuation in the cost of houses in five different areas from 1990 to 2002, compared to the average prices in 1989.
Overall
, what stands out is that cities Linking Words
such
as New York, Madrid, and London have experienced a remarkable alternation in accommodation prices in recent years. Linking Words
In contrast
, Tokyo did not show a significant percentage variation.
Looking at the first era in detail, from 1990 to 1995, it is noticeable that Tokyo and London were 7%; Linking Words
however
, New York was just 5%. Oppositely, the percentage variation compared to 1989 European cities, Madrid and Frankfurt, rose 2% and 4%, respectively.
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On the other hand
, the only city that remained under the mean was Japan, with 5%. Linking Words
In contrast
, the data related to the other countries surged. In the United States, it increased by 5%; in Spain, there was a slight rise to 4%; and in Germany, it declined marginally to 1%. Linking Words
In addition
, United Kingdom house expenses rocketed remarkably by 12%.
All in all, New York and London showed a significant upward trend, 10% and 19%, respectively. Meanwhile, others like Madrid, Frankfurt, and Tokyo fluctuated by 3%.Linking Words
Ali Davoodi