Writing task 1

The graph which consists of two parts gives information about percentage change in average house prices in New-York, London, Frankfurt, Tokyo and Madrid between 1990-1995 and 1996-2002 compared with the average house prices in 1989.

In the period 1990 to 1995 average house prices decreased in London, New York and Tokyo, whereas they increased in Frankfurt and Madrid. From information in the first part of graph the biggest decreases of house prices in period 1990-1995 were in Tokyo and London.

According to the second part of graph, which shows information about period 1996 - 2002, average house prices increased in New York by 5%, in Madrid by 4%, in Frankfurt by 1% and in London by 12% compared with 1989. But Tokyo average house prices still lower than in 1989. In that period the biggest increase of house prices were in London and the biggest decrease of house prices were still in Tokyo.