Question-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.
Summarise the information by selecting and reporting the main features, and make comparisons where relevant.Write at least 150 words.
Percentage change in average house prices in five different cities
1990 – 2002 compared with 1989.
Title: Fluctuations in Average House Prices Across Five Cities (1990-2002)
The provided chart illustrates changes in average house prices in five diverse cities over the period from 1990 to 2002, comparing them with the average prices in 1989. A comprehensive summary reveals distinctive trends and variations.
Firstly, examining the data, it is evident that all five cities experienced an upward trajectory in house prices over the twelve-year span. London and Tokyo displayed the most substantial increases, with London’s prices nearly doubling and Tokyo experiencing a remarkable surge. In contrast, New York and Sydney witnessed more modest growth, while Frankfurt displayed a comparatively moderate rise.
Comparisons between the cities highlight significant disparities in the pace of growth. London and Tokyo emerged as the frontrunners in the property market, with their housing sectors outpacing those of New York, Sydney, and Frankfurt. New York and Sydney, although exhibiting positive growth, lagged behind the robust performances of their European and Asian counterparts.
In conclusion, the chart provides a comprehensive overview of how average house prices evolved in five cities from 1990 to 2002, relative to the prices in 1989. The data underscores the varying degrees of growth among these cities, shedding light on the dynamic nature of their respective housing markets during this period.
