The positive and negative trends in the bar graph display the diversification in the percentage of the real estate price in the 5 metros in a period of 12 years compared to 1989 cost.
Considering the period between 1990 and 1995, it can be analyzed that with the reference 1989, there was a major decline in the real estate valuation. Out of the 5 select cities, London, Tokyo and New York projected a bleak market. The drop in case for the former two cities was as depreciated as -7% approximately, while for New York, the prices shrunk by -5%.
Nevertheless, the picture became brighter in the following time frame. That is, between 1996 and 2002, the construction worth picked up/ elevated in all cities except Tokyo. Although, improved that in the past, exhibited a change by -5% drop. Conversely, London showed a major surge in real estate prices. Concerning 1989, it was more than 10% growth. New York was half of London’s climb.
Interestingly, in all the mentioned years, Madrid and Frankfurt consistently displayed a beneficial change in housing cost. However, in Madrid, the expenditure escalates to nearly 5% past 1995 from the previous insignificant percentages, on the other hand, In Frankfurt, the values slightly lowered in comparison to 1989.
Overall, it can be commented that there were fluctuations in the real estate market in terms of cost in almost all the cities compared to 1989.
The
positive
and
negative
trends in the bar graph display the diversification in the percentage of the
real
estate
price in the 5 metros in a period of 12 years compared to 1989 cost.
Considering the period between 1990 and 1995, it can
be analyzed
that with the reference 1989, there was a major decline in the
real
estate
valuation. Out of the 5 select
cities
, London, Tokyo and New York projected a bleak market. The drop in case for the former two
cities
was as depreciated as -7% approximately, while for New York, the prices shrunk by -5%.
Nevertheless
, the picture became brighter in the following time frame.
That is
, between 1996 and 2002, the construction worth picked up/ elevated in all
cities
except Tokyo. Although,
improved
that in the past, exhibited a
change
by -5% drop.
Conversely
, London
showed
a major surge in
real
estate
prices. Concerning 1989, it was more than 10% growth. New York was half of London’s climb.
Interestingly
, in all the mentioned years, Madrid and Frankfurt
consistently
displayed a beneficial
change
in housing cost.
However
, in Madrid, the expenditure escalates to
nearly
5% past 1995 from the previous insignificant percentages,
on the other hand
, In Frankfurt, the values
slightly
lowered
in comparison
to 1989.
Overall
, it can
be commented
that there were fluctuations in the
real
estate
market in terms of cost in almost all the
cities
compared to 1989.