The chart below shows information about changes in average house prices in five different cities between 1990 and 2002 compared with average house prices in 1989.
Summarize the information by selecting and reporting the main features, and make comparison where relevant.
Write at least 150 words
The given bar chart illustrates changes in the average prices of
dwelling units between 1990 and 2002 based on the average prices of 1989.
Overall, the average mean prices of housing registered to the large fluctuations in London and New York while in Madrid, Tokyo and Frankfurt they remained largely in the same pattern.
In the period from 1990 to 1995 the prices of residential units in London and Tokyo registered the steepest fall of approximately -7%. This was followed by New York, -5% in comparison to 1989 prices. However, Frankfurt and Madrid recorded a rise of nearly 3% and 2% respectively.
Quite interestingly, in the period of 1996-2002 radical variations were witnessed in the case of London and New York where a dramatic rise of almost 11% and 5% respectively, was registered in relation to 1989. In contrast, in Tokyo the prices were 5% lesser in comparison to 1989 while Madrid and Frankfurt had almost 4% and 2% higher prices than the base year.
