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

Given is a chart illustrates how much average house prices changed in 5 separate countries in 1990-2002 compared to 1989.

There was a significant decrease in average house prices in New York, Tokyo and London in 1990-1995, While average house prices declined by 5 per cent in New York, that figure in Tokyo and London was the same, at approximately 7.5 per cent. Meanwhile, Marid and Frankurt saw a slight increase in house prices, at about 3 and 4 per cent respectively.

On the contrary, there was an opposite trend from 1996 to 2002. It is also interesting to note that Apart from Tokyo, average house prices in the rest of cities climbed compared to 1989. London saw by far the most dramatic acceleration in house price, at over 10 per cent. When it came to second, it was Newyork with 10 per cent. There was a modest increase in house prices in Marid and Frankurt compared to 1989.

Overall, apart from Frankurt, house prices in other cities rose from 1990 to 2002, particularly Newyork and London. Although house prices in Japan still leveled off in 1996-2002 compared to 1989, they went up slightly compared to 1990-1995.