The chart illustrates the percentage change in average house prices in New York, Madrid, Tokyo, Frankfurt and London by compared the average house prices in 1990 to 1995 and 1996 to 2002 with the average house prices in 1989.

The bar chart gives information about the percentage change in the average prices for houses in five specific cities comparing them in the periods from 1990 to 1995 and 1996 to 2002.

It is clear that

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by far the most significant increase in prices by the end of the period compared to 1989 was in London, with New York in the second place. Notably, Frankfurt was the only city, where the cost of houses dropped by 2002. Focusing first on London, New York, and Frankfurt, in London, from 1990 to 2002, the prices skyrocketed, from approximately -7,5% to almost 12%,

whereas

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in New York, the figure increased from -5% to 5%. Regarding Frankfurt, the percentage there decreased from nearly 4% to 1%. As for the remaining cities, between 1990 and 1995, in Madrid and Tokyo, the percentage changes

there

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were 2% and -7%, respectively,

while

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by the period of 1996 to 2002, the figures increased by 2% in each city.