The chart below shows information about changes in average house prices in five different cities between 1990 and 2002 compared with the average house prices in 1989.

The bar chart illustrates the average house prices in five major cities in different countries over 13 years from 1989.

It can be seen that, in the UK, London experienced the highest price changed in the given period. Starting from approximately -7% between 1990 and 1995, the level of house price in London was rocketed, reaching about 11% between 1996 to 2002.

Turning to New York, the percentage of average house prices was under the price level, which was -5%. However, it rose up 5% between 1996 and 2002. Similarly, in Spain, the average house price grew slightly 3%, from 1% to 4% while, Frankfurt in Germany had dropped merely 1% over the period.

It is noticeable that house prices in Tokyo and London were the lowest (-7%) among the other cities at the beginning of the year. Although house prices in Tokyo increased 2% in throughout the given period, it still below the average house price of -5%.

Overall, the average house prices in these five major cities were significantly increased over the period from 1990 to 2002.