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This chart is displaying the dramatic changes in average house prices between 5 cities in 5 different countries respectively during 12 years compare with 1989's.
From 1990 to 1995,the decline of the average house prices of London and Tokyo are much more than New York,where decreased 5% since 1989.The marketing report from the information of Madrid and Frankfurt,at the meanwhile,shows an opposite situation which increased approximate 1.5% to 2% in five years.
As to immediate 7 years,from 1996 to 2002,the average house prices in most of cities we mentioned above achieved a big jump,in addition to Tokyo.Particularly,the percentage of rising of London increased by 20% compare with the level of last six years,skyrocket to 12% compare with 1989's,as well as,New York and Madrid get a soaring incremental about half of London's achievement.In contrast,Tokyo did not get an obvious improve where the prices still kept in-5% around.
Over all,the most obvious change in the average of house prices in 5 main cities in different countries between first 6 years since 1990 and next years until 2002 compare with 1989's,is trend is from coder to warmer.The main of presentation cities in USA,Spain,Germany and UK all stepped a big pace,which means they gradually get rid of negative growth.The only special city is in Japan,Tokyo,where the house prices is pretty much more stable than others.
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