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. Summarize the information by selecting and reporting the main features, and make comparisons where relevant.

The bar chart

ilustrates

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illustrates

data regarding changes in total housing

prices

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in five specific cities from 1990 to 2002 in comparison with the corresponding figures in 1989.

It is clear that

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the most significant increase in

prices

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took place in London and New York,

whereas

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in Madrid and

Tokio

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Tokyo

was not that great. Notably, Frankfurt (Germany) was the only city where houses became more affordable by the end of the period. Focusing first on London and New York, the level of

prices

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there between 1990 and 1995 were 7.5% and 5% lower than in 1989. By 2002, the corresponding figures rose considerably by almost 20% and 10%, respectively. As for the remaining areas, by 1995,

the

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housing in Madrid became approximately 2% more expensive compared to 1998,

while

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by 2002,

this

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proportion

incfeased

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increased

by 2 more per cent.

In contrast

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, the

prices

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in

Tokio

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Tokyo

dropped by nearly 7.5% at the beginning of the period

,

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but went up by 2.5% by 2002. In Frankfurt, we could see

the

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an

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increase of 3.5% between 1990 and 1995 compared to the initial year, with a decrease of 2.5% by 2002.