The bar chart compares the mean value of property prices in New York, Madrid, Tokyo, Frankfurt and London for two periods 1990-1995 and 1996-2002 in comparison to the 1989 figures.
Looking at the details, compared to the 1989 housing prices, the figure for New York fell by 5% between 1990 and 1995. However, London and Tokyo experienced higher proportions of falls in property prices at around 7% each. In contrast, Frankfurt and Madrid had seen the price of accommodation rise slightly at 3% and 2%.
It is also clear that the period between 1996 and 2002 was marked with greater changes in average property values. The largest shift was recorded in London, where the figure had risen by 13% in comparison to the 1989 figure and by 20% compared to 1990-1995. Another significant change was in New York with the price of accommodation rising by 5% with regard to the 1989 average. The figure for Madrid went up, but that of Frankfurt fell slightly in relation to the 1990-1995 proportions. It was in Tokyo that the price of housing was still lower by 5% than the 1989 figure.
Overall, London experienced fluctuations with an upward trend in the cost of accommodation along with New York, but the figure for Tokyo was still lower than the average recorded in 1989.
The bar chart compares the mean value of property
prices
in
New
York, Madrid, Tokyo, Frankfurt and London for two periods 1990-1995 and 1996-2002
in comparison
to the 1989 figures.
Looking at the
details
, compared to the 1989 housing
prices
, the
figure
for
New
York fell by 5% between 1990 and 1995.
However
, London and Tokyo experienced higher proportions of falls in property
prices
at around 7% each.
In contrast
, Frankfurt and Madrid had
seen
the
price
of accommodation rise
slightly
at 3% and 2%.
It is
also
clear
that the period between 1996 and 2002
was marked
with greater
changes
in average property values. The largest shift
was recorded
in London, where the
figure
had risen by 13%
in comparison
to the 1989
figure
and by 20% compared to 1990-1995. Another significant
change
was in
New
York with the
price
of accommodation rising by 5% with regard to the 1989 average. The
figure
for Madrid went up,
but
that of Frankfurt fell
slightly
in relation to the 1990-1995 proportions. It was in Tokyo that the
price
of housing was
still
lower by 5% than the 1989 figure.
Overall
, London experienced fluctuations with an upward trend in the cost of accommodation along with
New
York,
but
the
figure
for Tokyo was
still
lower than the average recorded in 1989.