The bar chart illustrates how average house prices changed in five large cities in two periods: 1990-1995 and 1996-2002 compared to 1989.
Overall, only the prices of accommodation in Madrid and Frankfurt increased in the first period but in the second one, Tokyo was the unique city recording a fall in the price of houses. London saw the most significant changes in the prices of houses.
From 1990 to 1995, the prices of houses in Frankfurt climbed by about 3% in comparison with 1989’s, followed by a rise of about 2% in Madrid. The figure for New York declined by 5%, and Tokyo and London experienced the most significant fall in house prices, of about 8% each.
Between 1996 and 2002, houses became much more expensive in London, with its figure showing a rocket of approximately 12%. Similarly, the figures for New York and Madrid rose by 5% and about 4% respectively, compared to an increase of only 1% in Frankfurt. In contrast, accommodation in Tokyo was more affordable than in 1989 since its prices fell by 5% in that period.
The bar chart illustrates how average
house
prices
changed
in five large cities in two periods: 1990-1995 and 1996-2002 compared to 1989.
Overall
,
only
the
prices
of accommodation in Madrid and Frankfurt increased in the
first
period
but
in the second one, Tokyo was the unique city recording a fall in the
price
of
houses
. London
saw
the most significant
changes
in the
prices
of
houses
.
From 1990 to 1995, the
prices
of
houses
in Frankfurt climbed by about 3%
in comparison
with 1989’s, followed by a rise of about 2% in Madrid. The figure for New York declined by 5%, and Tokyo and London experienced the most significant fall in
house
prices
, of about 8% each.
Between 1996 and 2002,
houses
became much more expensive in London, with its figure showing a rocket of approximately 12%.
Similarly
, the figures for New York and Madrid rose by 5% and about 4%
respectively
, compared to an increase of
only
1% in Frankfurt.
In contrast
, accommodation in Tokyo was more affordable than in 1989 since its
prices
fell by 5% in that period.