The chart below compares real estate prices in five different cities in five different countries in two different periods of time with 1989's average price. It can be seen that two cities changed their situation and their price changed from minus percentage to plus in 1996-2002 period. Other three cities have same positive and negative sides on the graph. Starting from 1990 to 1995 Frankfurt had the biggest percentage increase in housing prices with approximately 2. 5 percent increase. Madrid real estate market also increased but a little bit lower than Frankfurt. New York City declined on 5 percent. And the highest price lost was in Tokyo and London. Both are equal and have minus 7 percent drop. But in the 1996 - 2002 period situation changed. London became top 1 because of its price increased on 22 percent comparing with 1989 average cost. Now it is 5 times higher than top one's percentage in 1990 - 1995. New York City changed situation too. From minus five percent it raised to five with 10 percent positive growth. Costs for houses in Madrid increased on 3 percent. In Frankfurt real estate market was still better than 1989's. Tokyo had its peak costs in 1989.
The chart below compares real estate
prices
in five
different
cities
in five
different
countries in two
different
periods of time with 1989's average
price
. It can be
seen
that two
cities
changed
their situation and their
price
changed
from minus percentage to plus in 1996-2002 period. Other three
cities
have same
positive
and
negative
sides on the graph. Starting from 1990 to 1995 Frankfurt had the biggest percentage increase in housing
prices
with approximately 2. 5
percent
increase. Madrid real estate market
also
increased
but
a
little bit
lower than Frankfurt. New York City declined on 5
percent
. And the highest
price
lost was in Tokyo and London. Both are equal and have minus 7
percent
drop.
But
in the
1996 - 2002
period situation
changed
. London became top 1
because
of its
price
increased on 22
percent
comparing with 1989 average cost.
Now
it is 5 times higher than top one's percentage in
1990 - 1995
. New York City
changed
situation too. From minus five
percent
it raised to five with 10
percent
positive
growth. Costs for
houses
in Madrid increased on 3
percent
. In Frankfurt real estate market was
still
better than 1989's. Tokyo had its peak costs in 1989.