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. Summarise the information by selecting and reporting the main features and make comparison where relevant.

The bar graphs illustrate the data of the average change in the cost of homes since 1989 across five different areas over a period of 12

years

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, from 1990 to 2002.

Overall

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, the period is split into the first and second half.

It is clear that

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the latter half had a higher increase in house prices than the first half as there are a higher number of cities that had a rise in payment.

However

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, Tokyo was the only place that had a decrease in price throughout. In the first 6

years

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, from 1990 to 1995, Tokyo and London had the largest drop in house value, both decreasing by more than 5%. New York

also

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had a fall of 5% since 1989.

On the other hand

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, Madrid and Frankfurt had a slight increase in proportion, between 0 to 5% of the price in 1989. From 1996 to 2002, with the exception of Frankfurt, all prices had a positive development. Houses in London had the most significant difference in amount, drastically growing from less than negative 5% in 1995 to more than 10%

at the end

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of the time period.

Similarly

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, New York, which had a negative increase of 5%, grew twice as much in the next 6

years

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, to an additional expense of 5%.

While

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houses in Madrid became more expensive, the change in payment still remained below 5%.

In addition

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, Tokyo houses had a negative change in cost, but from 1996 to 2002, it became slightly more expensive, with a negative difference of 5%.

However

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, Frankfurt experienced a small decline in percentage in the

years

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1996 to 2002.