The cost of an average house in five major cities from 1990 and 2002

A comparison of the cost of an average house in five major cities from 1990 and 2002, a 13-year period compared from 1989 is illustrated in the bar chart. Overall, it can be seen that, house prices fell between 1990 and 1995, but most of the cities saw rising prices between 1996 and 2002. In any case, London experienced the greatest changes in house prices over the remainder period.

From 1990 to 1995, the cost of average homes in Tokyo and London dropped by around 7%, and New York house prices plummeted by 5%. However, in both Madrid and Frankfurt house prices rose by approximately 2%.

Between 1996 and 2002, London house prices rose dramatically to around 12%. Furthermore, houses' price in New York had grown to 5% above the 1989 average, but homes in Tokyo remained cheaper than they were in 1989. While the cost of an average home in Madrid rose by around 2%, prices in Frankfurt remained virtually unchanged.

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A comparison of the cost of an average house in five major cities from 1990 and 2002, a 13-year period compared from 1989 is illustrated in the bar chart. Overall, it can be seen that, house prices fell between 1990 and 1995, but most of the cities saw rising prices between 1996 and 2002. In any case, London experienced the greatest changes in house prices over the remainder period.

- THE BAR CHART REPRESENTS A COMPARISON OF THE COST OF AN AVERAGE HOUSE IN FIVE MAJOR CITIES OVER A 13 YEAR PERIOD COVERING THE YEARS 1990-2002. IT APPEARS THAT THE HOUSING PRICES FELL DURING THE YEARS OF 1990 AND 1995. HOWEVER IN THE YEARS COVERING 1996-2002, A RISE IN PRICES WERE SEEN. OF THE FIVE COUNTRIES REPRESENTED, LONDON SHOWED THE MOST CHANGE IN PRICES OVER THE REMAINING PERIOD.

From 1990 to 1995, the cost of average homes in Tokyo and London dropped by around 7%, and New York house prices plummeted by 5%. However, in both Madrid and Frankfurt house prices rose by approximately 2%.

- THE AVERAGE COST OF A HOME IN LONDON AND TOKYO DROPPED BY 7 PERCENT FROM 1990-1995. IN THE USA, THE PRICE OF NEW YORK HOMES PLUMMETED BY 5 5 DURING THE SAME PERIOD EVEN AS MADRID AND FRANKFURT SHOWED A SLIGHT RISE OF 2% IN HOUSE PRICES.

Between 1996 and 2002, London house prices rose dramatically to around 12%. Furthermore, houses' price in New York had grown to 5% above the 1989 average, but homes in Tokyo remained cheaper than they were in 1989. While the cost of an average home in Madrid rose by around 2%, prices in Frankfurt remained virtually unchanged.

- A 12% INCREASE IN LONDON HOUSE PRICES REGISTERED WITHIN 1996-2002. THIS WAS A MARKED INCREASE FOR LONDON ALONG WITH NEW YORK THAT SHOWED A 5% GROWTH IN PRICES ABOVE THE 1989 AVERAGE. HOWEVER, TOKYO HOMES REMAINED LOWER THAN THEIR 1989 PRICES. MADRID INCREASED THEIR HOUSE COSTS BY A MINIMAL 2% WHILE FRANKFURT DID NOT SHOW ANY CHANGES DURING THE SAME PERIOD.