▶ Your Answer : The chart compares how average house prices had changed in the capital city from five different countries, compared with that of 1989 in the period between 1990 and 2002.
In the first period(1990-1995), there was a little increase of house price in Madrid and Frankfurt, which is about 1.5% and 2% respectively. Others had larger decrease in amount: -5% for New York, -7.5% for both London and Tokyo.
In the following period, the trend varied differently in each country. New York had 10% increase compared to first period, which result in 5% increase in total. Madrid maintained increase, with a smaller change of 2.5%. Tokyo also had change from -7.5% to -5%, but still remained lower price than 1989. Only Frankfurt had decrease with about 0.5%, which is the smallest change among all cities. In contrast, London showed highest rate of increase, from -7.5% to 12%.
In summary, average house prices generally increased except Frankfurt, but rates were different for each city. |