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 compariso
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 563Ep
The figure shows the average change in house prices in 5 different cities in various countries from 1990 to 2002 compared to 1989. From an overall perspective, it can be observed that the costs of the house fall in New York, Tokyo, and London between 1990 and 1995. This trend reversed for New York and London, and only Tokyo faced a negative change in house price over eight following years.
The chart depicts that in the first five years, from 1990 to 1995, Frankfurt and Madrid's house prices witnessed an increment compared with 1989 with 2. 5% and 2% change, respectively. Meanwhile, in New York, Tokyo, and London, the house cost decreased and faced negative changes -5%, 8%, and 9%, respectively.
In the eight following years, the house prices become higher than in 1989 in all cities except Tokyo. Although the percentage change in Tokyo's house cost becomes higher than the first period, it remains negative. However, the trend of London house prices reverses and has the highest rate of change with 12%. The change percentage of house prices in the New York and Madrid ranks second and third with 5% and 4%. While the change proportion of house prices in Frankfurt decreases by 2% in the second period compared with the first period.
The figure
shows
the average
change
in
house
prices
in 5
different
cities in various countries from 1990 to 2002 compared to 1989. From an
overall
perspective, it can
be observed
that the costs of the
house
fall in
New
York, Tokyo, and London between 1990 and 1995. This trend reversed for
New
York and London, and
only
Tokyo faced a
negative
change
in
house
price
over eight following years.
The chart depicts that in the
first
five years, from 1990 to 1995, Frankfurt and Madrid's
house
prices
witnessed an increment compared with 1989 with 2. 5% and 2%
change
,
respectively
. Meanwhile, in
New
York, Tokyo, and London, the
house
cost decreased and faced
negative
changes
-5%, 8%, and 9%,
respectively
.
In the eight following years, the
house
prices
become higher than in 1989 in all cities except Tokyo. Although the percentage
change
in Tokyo's
house
cost becomes higher than the
first
period, it remains
negative
.
However
, the trend of London
house
prices
reverses and has the highest rate of
change
with 12%. The
change
percentage of
house
prices
in the
New
York and Madrid ranks second and third with 5% and 4%.
While
the
change
proportion of
house
prices
in Frankfurt decreases by 2% in the second period compared with the
first
period.