The bar chart shows data on the changes in the prices of houses in two spans of periods, 1990 – 1995 and 1996 – 2002 compared to the prices of 1989. As is presented in the bar graph, prices of the house got down in New York, Tokyo and London during 1990 to 1995 while the prices increased in London & New York during 1996 to 2002 compared to the prices of those houses in 1989.
According to the bar graph, the prices of houses in Madrid and Frankfurt increased by 2-3% during 1990 – 1995 while the prices decreased in New York, Tokyo and London by 5 to 8% in the same period compared to the prices of those houses in 1989.
Interestingly during the period 1996 to 2002, the prices in all cities except Frankfurt increased. Price increases of housing were 5% in New York, 4% Madrid, and over 11% in London compared to their prices in 1989. The only city where the prices decreased in 1996 to 2002 compared to the previous 5 years was Frankfurt.
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