The bar chart describe of an average house price in New York, Frankfurt, Madrid, London, and Tokyo in a 12-year period, in comparison with data in 1989. Overall, it can be seen that Frankfurt and Madrid houses price almost leveled off in the marginal percentages for over a decade. In any case, London home value experienced by far was the massive alteration from 1990 to 2002.
According to the data, this two big cities in Europe, Frankfurt and Madrid, has stable economic condition. It can be perceived from their house prices which were stable between 0% and 5 %. This is in stark contrast to the home value in Tokyo. They went down to around 7% in 1990-1995 and fell to 5% in the next years.
The most noticeable case was taken place in London city. This city experienced a considerable jump to approximately 12% in the late 2002. Following this, New York house costs also seen the same tone with London, it was accounted rising to 5% during the projection years.