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 given chart gives us information about the changes in the prices of houses in two periods of time, 1990 - 1995 and 1996 - 2002 compared with the prices of 1989. The chart depicts the rise and fall of house prices in New York, Madrid, Tokyo, Frankfurt and London.
Between 1990 and 1995, house prices in Madrid and Frankfurt increased by about two or three percent and house prices in New York, Tokyo and London fell dramatically during this period.
If we look at house prices between 1996 and 2002, prices of house have risen in all cities besides Frankfurt. The highest rise in this period was observed in London, an increase of almost 12 or 13 percent. In New York the rate of rise in house prices is much better than in Madrid and Tokyo.
Through this scheme, we learned how much house prices went up or down between 1990 - 1995 and 1996 - 2002.
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- The table below gives information on consumer spending on different items in five different countries in 2002
- 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