The chart provides data about the average prices of a house in five various countries, namely New York, Madrid, Tokyo, Frankfurt and London throughout the period from 1990 to 2002 in comparison with 1989.
Overall, almost all of the countries saw a significant growth in the percentage of changes of house prices during the period shown apart from Frankfurt.
In terms of the proportion of house prices in average, There were substantial decreases of approximately 8% between 1990 and 1995 in both Tokyo and London while Madrid and Frankfurt experienced moderate climbs of about 2% and 3% respectively. In addition, New York saw a considerable reduction of 5% during the period from 1990 to 1995.
In contrast, the percentage of average prices of a house increased significantly to 5%, 4% and -5% in New York, Madrid and Tokyo from 1996 to 2002 respectively. In addition to this, London underwent an enormous rise in the proportion of house prices, reaching a peak at about 12% in the second period. However, Frankfurt saw a slight decline of about 2% in the proportion of house prices between 1996 and 2002.
The chart provides data about the average
prices
of a
house
in five various countries,
namely
New York, Madrid, Tokyo, Frankfurt and London throughout the
period
from 1990 to 2002
in comparison
with 1989.
Overall
, almost
all of the
countries
saw
a significant growth in the percentage of
changes
of
house
prices
during the
period
shown apart from Frankfurt.
In terms of the proportion of
house
prices
in average, There were substantial decreases of approximately 8% between 1990 and 1995 in both Tokyo and London while Madrid and Frankfurt experienced moderate climbs of about 2% and 3%
respectively
.
In addition
, New York
saw
a considerable reduction of 5% during the
period
from 1990 to 1995.
In
contrast, the percentage of average
prices
of a
house
increased
significantly
to 5%, 4% and -5% in New York, Madrid and Tokyo from 1996 to 2002
respectively
.
In
addition to this, London underwent an enormous rise in the proportion of
house
prices
, reaching a peak at about 12% in the second
period
.
However
, Frankfurt
saw
a slight decline of about 2% in the proportion of
house
prices
between 1996 and 2002.