The bar chart illustrates the changes of average house prices in five cities around the world compared to the price with that in 1989 in two certain periods.
It is clear that from 1990 to 2002, the average housing price of two cities out of 5 decrease compared to the price in 1989 ,but from 1996 to 2002, the price of house in four cities out of five rose. Also, the price of house in London soared from 1996 to 2002, but Tokyo was the only city the average price of house from 1996 to 2002 fell, compared to the price in 1989.
To be specific, from 1990 to 1995, the house price in New York, Tokyo and London fell 5%, 7%, 6% respectively, On the other hand, there were a slight increase in the house price, and the price of house in Madrid price went up 2% and Frankfrut 3% compared to the price in 1989. However, the trend changed significantly from 1996 to 2002, only Tokyo's house price was reported 5% of decrease, but London's increased 11% and New York and Madrid's increased from 4 to 5%.
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